A former fund manager at China Post & Capital Fund Management was jailed for 3.5 years and fined RMB 17m ($2.55m) for trading undisclosed information, China Securities Regulatory Commission said.
Category: News
The FSA Spy market buzz – 26 August 2016
Changes at UBS, Pioneer and Axa; Absurd passive claims; Eastspring’s AUM; Pictet goes MRF; Scary jargon; MPF success and much more.
Singapore opens fintech hub while curbing internet
MAS opens a fintech innovation lab as authorities aim to cut off web access for public servants.
Schroders rolls out China-focused multi-asset fund
The firm believes improving investor sentiment for China and the demand for income will attract investors to its China Asset Income Fund.
Campaign group calls for Fatca exemption for US expats
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.
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.
