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.
Category: Regulation
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.
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.
