Retail product sales have slowed in Hong Kong under tightened regulation, but the market will recover as investor confidence improves and distributors adapt to new rules, according to Martin Wheatley, outgoing chief executive of the Securities and Futures Commission
“It’s all about confidence, and people are more nervous about the markets over the last couple of years,” he said in response to questions after a speech last week.
“Fund sales have been slower in that period, and banks have been getting used to new regulatory processes. I see that as an evolution. I think we’ll see the market coming back.”
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