20 15 the mutual recognition mechanism between China mainland and Hong Kong funds, which has been brewing for many years on May 23rd, was finally released by the mainland and Hong Kong regulators today, and will be officially implemented on July 1 5. The initial amount of mutual recognition between mainland and Hong Kong funds is 300 billion yuan each. 1 CSRC holds regular press conference 20 15 12 18. Zhang Xiaojun, spokesman of the China Securities Regulatory Commission, said that the first batch of mutual recognition funds in the Mainland and Hong Kong have been registered, with three going north and four going south.