A former private banking head at Standard Chartered Bank in China has been charged by Hong Kong’s Independent Commission Against Corruption (ICAC) this week with accepting a bribe.
Category: Regulation
Japan and Australia move towards ARFP
Japan and Australia have announced regulatory initiatives aimed to bring them closer to full implementation of the Asia Region Funds Passport (ARFP) scheme in 2018.
SFC warns of malpractice in AM industry
As Hong Kong’s asset management industry grows, the Securities and Futures Commission (SFC) issues new guidance on sales practices and managing conflicts of interest.
HK regulator proposes active ETFs
Actively managed exchange-traded funds (ETFs) are among the proposals that Hong Kong’s financial regulator has put forward in its newest three-month consultation process.
Why would someone invest in bitcoin?
Are there legitimate uses for bitcoin? EFG Asset Management’s head of research and deputy CIO Daniel Murray says that bitcoin is not a currency, but suggests three possible reasons why people would invest in it.
IMF warns on China’s high yield products
China’s increasingly complex financial system “has sown financial stability risks”, and high yield products from asset managers are part of the problem, the IMF said in its recent report.
CSRC: Approval process for HK equity funds resumes
China’s regulator has clarified its position on the halt of Hong Kong equity fund approvals and released some rules for firms intending to launch them.
HKMA eases access to second sandbox via ‘chatroom’
Fintech startups using the chatroom can now enter the regulatory sandbox without being required to have a bank partner, according to the Hong Kong Monetary Authority.
HK regulators warn on sale of in-house products
Conflicts of interests arising from the sale of in-house products by fund distributors are on the radar of both the Hong Kong Monetary Authority and the Securities and Futures Commission.
SFC: Fee disclosure regs to support robo-advice
The Securities and Futures Commission’s recent decision to enhance fee disclosure may drive investors to use alternative distribution platforms, such as online or robo-advisory services, according to Christina Choi, SFC’s executive director for investment products division.
