On 14 November 2024, with the support of the Shenzhen Qianhai Financial Development Bureau, Llinks Shenzhen office successfully hosted a salon event themed 'New Opportunities and Compliance Key Points for the Development of Northbound Mutual Recognition Funds'
The event began with a warm welcome from Llinks' Management Committee member, Llinks Shenzhen office director, and partner, Mr. Alex Huang. Mr. Huang first expressed his sincere gratitude for the trust and support of the Shenzhen Qianhai Financial Development Bureau and briefly introduced Llinks' professional strengths and business scope in the field of cross-border asset management.
Following that, Llinks partner, Ms. Sue Sun, presented an engaging talk titled 'A Mainland Perspective: New Opportunities and Compliance Essentials for the Growth of Northbound Mutual Recognition Funds'. Ms. Sun offered a comprehensive look at the fundamental mechanisms and current state of northbound mutual recognition funds, and explored the opportunities and challenges from both Hong Kong and the Chinese mainland perspectives. The event gathered several fund management companies from Qianhai and Hong Kong to delve into discussions on leveraging the 'mutual recognition fund' policy to enhance financial collaboration between Shenzhen and Hong Kong. Ms. Sun shared practical insights and advice on the specifics of mainland agency and sales for northbound mutual recognition funds, as well as compliance risk management, drawing on a wealth of business practice cases, which were highly appreciated by the attendees.
The successful seminar not only showcased the openness of the Qianhai Financial District but also injected fresh vitality into the financial innovation and asset management sectors. Llinks, in partnership with the Shenzhen Qianhai Financial Development Bureau, will continue to advance cross-border financial cooperation and contribute to the thriving development of the asset management industry.
Qianhai, a pivotal showcase for China's financial reforms, has emerged as a nucleus for financial innovation and the evolution of asset management, capitalised by its strategic positioning and policies that foster growth. Initiatives such as the 'Financial Support for Qianhai 30 Articles' have further propelled the sector's robust and quality-driven expansion. Llinks' asset management services are a testament to the firm's ingenuity and market leadership. Since the 1990s, as a frontrunner in the asset management services domain in China, Llinks has secured its place with a string of pioneering and unique case successes, garnering extensive recognition from respected financial institutions globally and praise from the legal and financial press. By convening this asset management legal forum in Qianhai, Llinks has drawn a broader spectrum of industry players to connect with and comprehend Qianhai, establishing an expansive arena for industry dialogue and collaboration. Llinks' ongoing engagement with Qianhai involves uncovering client collaboration opportunities and offering comprehensive policy and legal analysis, as well as business mentorship, to facilitate client understanding and investment in Qianhai, thereby amplifying the financial sector's brand impact.
