American Citizens Abroad (ACA), a campaign group for US citizens living overseas, has called on the US Treasury Department to amend Fatca regulations which would allow US expats to hold bank accounts exempt from the stringent reporting standards.
Category: News
Brains or blind faith behind EM call?
Emerging markets are back in favour, but are investors going back in on solid fundamentals or blind hope? asks Gary Shephard, editor of FSA’s sister publication Portfolio Adviser.
The promise of cross-border ETFs
ETF trading on the Shenzhen-Hong Kong Stock Connect still has many unknowns, but the hope is that the passive offerings will encourage mainland investors to look beyond money market products, said Jackie Choy, Morningstar director of ETF research for Asia.
China vulnerabilities “dangerous”, says IMF
The lending organisation had strong words about difficulties in “critical areas”, while Rhodium Group warned that wealth management products are behind shadow financing that is driving “unsustainable” economic growth, creating conditions similar to those that led to the 2007-2008 global financial crisis.
Northbound MRF fund sales set record in July
The four Hong Kong-domiciled funds selling in the mainland through the Mutual Recognition of Funds scheme drew RMB 1.1bn ($166m) of net sales in July, the highest since the sales started at the beginning of the year, according to the latest data from State Administration of Foreign Exchange.
BOS nabs two for Philippines team
Bank of Singapore lured over two senior Credit Suisse execs to expand its Philippines team.
Eastspring Singapore COO takes up CEO role
Eastspring Investments has appointed Phil Stockwell to serve as Singapore chief executive.
HK suspends BOCOM Intl broker
The SFC suspended Ku Yuen-leung, an account executive at BOCOM International Securities, for manipulating stock prices.
China’s regulator continues fund house crackdown
The China Securities Regulatory Commission put 73 private fund firms under administrative supervision measures in the first half of this year after illegal or irregular activities were found.
EM equities see rapid rise in retail flows
Flows into emerging market funds over the last three months show a big increase, with the notable exception of China-only investments, according to retail investment platform Rplan.
