Most of the recipients were fund management companies.

Most of the recipients were fund management companies.
The firm manages at least 18 FMPs in the SAR.
Following pressures from Hong Kong officials that the manager can be changed to safeguard the interests of investors.
With China A-share’s further inclusion into global equity indices, standards for ESG will be further raised.
Blackrock and State Street Global Advisors (SSGA) will make no new investments in three Chinese telecommunication companies included in the US sanctioned list.
The firm will be competing against several foreign quant managers that have entered China’s private market. It also intends to apply for a QDLP licence.
The Singapore-based fintech wealth management platform had a record value of products in custody last year, led by unit trust sales.
Reduced management fees and increased trailer fees have prompted the regulator to review the rules on managers’ business operations.
Assets of the bank’s fund management businesses breached the Ps 1trn ($20.7bn) mark last year.
Part of the Mark Allen Group.