Financial Times, 23 Nov 2008, Baptiste Aboulian
The future distribution of European offshore funds in Asia is threatened by a Hong Kong probe into the Lehman Brothers’ minibond scandal.
The Hong Kong Monetary Authority, the local regulator, has frozen the authorisation of all new offshore funds, consultants say.
At the same time, it has merged its structured products and mutual fund research units, showing it wants to pay attention to all retail investments.
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