China’s State Council has released provisional regulations that impact foreign fund managers who operate in the country’s RMB 9.95trn ($1.51trn) private fund industry, according to a circular from the government.
Category: Regulation
Blackrock receives $2.27bn in RQFII quotas
Blackrock, First State and Mirae Asset were among the firms that received RQFII quotas in August, according to records from China’s State Administration for Foreign Exchange (SAFE).
China plans another channel for offshore investment
The planned QDII2 programme will allow Chinese investors direct investment in offshore securities, but it is unlikely to spark interest, according to Stewart Aldcroft, Asia-Pacific senior adviser for markets and securities services at Citibank.
Singapore warns investors on virtual currency investments
As virtual currencies grow in value, Singapore’s Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (MAS) are warning investors about the risks of virtual currency-related investment schemes.
SFC warns private fund managers
Hong Kong’s SFC has identified a number of potential regulatory concerns over firms engaged in managing private funds and discretionary accounts.
Two sides to China’s war on investment scams
Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.
Two ex-senior CSRC officials await prosecution
The China Securities Regulatory Commission’s former vice chairman Yao Gang was charged with corruption, according to the Central Commission for Discipline Inspection (CCDI), an anti-graft body.
HK regulator inks cooperation pact with UK
The Securities and Futures
Commission signed an agreement with the UK’s Financial Conduct Authority (FCA) to strengthen cross-border regulatory cooperation.
Guggenheim receives RQFII licence
US-headquartered Guggenheim Funds Investment Advisors has been granted a renminbi qualified foreign institutional investor (RQFII) licence by the China Securities Regulatory Commission (CSRC), according to the regulator’s records.
Insider trading at ICBC Credit Suisse
Former deputy head of trading at ICBC Credit Suisse Asset Management, Wu Tuofu, has been charged with insider trading, according to China’s state-run broadcaster CCTV.
