Hong Kong’s SFC has identified a number of potential regulatory concerns over firms engaged in managing private funds and discretionary accounts.
Category: Regulation
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.
Amundi obtains China MRF approval
The Chinese financial regulator has approved Amundi’s Asia-focus equity fund for sale onshore under the Mutual Recognition of Funds (MRF) program.
MAS steps up rule enforcement
The Monetary Authority of Singapore (MAS) will be sending mystery shoppers to financial advisers as part of its efforts to boost enforcement, according to Merlyn Ee, the regulator’s executive director for capital markets intermediaries.
Regulators grant QFII quota and licences
First State and BOCHK received licences and US asset manager Hall Capital was granted QFII quota in June, according to China’s regulatory agencies.
China again delays tax on asset managers
China has cut and again pushed back plans to levy a value-added tax on asset managers for returns on assets under management, adding a further six-month reprieve on an already 14-month grace period.
