Investment firms bet on future Hong Kong 'fund factory'

Several international fund houses are planning to use Hong Kong as a base for their investments after the government vowed to turn the city in a "world factory" for the asset management industry. The government is proposing a combination of reforms to attract investment.

"Many international fund houses now only use Hong Kong as a sales centre, but the funds are created and invested through their offices in London or New York," said Julia Leung Fung-yee, Undersecretary for Financial Services and the Treasury.

via Business feed http://www.scmp.com/business/economy/article/1209555/investment-firms-bet-future-hong-kong-fund-factory