After the new regulations for mutual recognition funds are implemented, the first batch of products have been approved. Morgan Asset Management and 4 other institutions have received entry tickets.

Reporters have learned from the industry that the first batch of four mutual recognition funds have been collectively approved today after the new regulations on mutual recognition funds. These four products are Morgan Asia Stock High Yield Fund, Fidelity Global Investment Fund - Hong Kong Bond Fund, Huaxia Select RMB Investment Grade Income Fund, and Taiping Greater China New Power Stock Fund. This is the first time that products have been approved after the official implementation of the revised version of the "Hong Kong Mutual Recognition Fund Management Regulations" on January 1, 2025, which relaxes the mutual recognition fund sales ratio limit from 50% to 80%. Industry insiders pointed out that the approval of mutual recognition funds will further enrich the toolbox for cross-border investments, providing new choices for residents of mainland China to participate in overseas capital markets and optimize asset allocation structures.