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Asian Countries Ink Deal To Develop Funds Passport Programme

Vanessa Doctor, Asia Correspondent, 23 September 2013

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The Finance Ministers of various Asian countries have signed an agreement to jointly develop a funds management system that facilitates cross-bordering fund offerings in the region.

"The ARFP will benefit investors and fund managers, and ultimately help in the much-needed deepening of regional capital markets," said [tag|Tharman Shanmugaratnam|]Tharman Shanmugaratnam[/tag], deputy prime minister, minister for finance and chairman of the Monetary Authority of Singapore. 

The initiative was conceived under the APEC Finance Ministers Process.

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