Hong Kong’s Securities and Futures Commission has appointed Julia Leung as executive director of its intermediaries division.
Category: Regulation
Head of China’s CSRC removed
Xiao Gang, head of the China Securities Regulatory Commission, has been replaced after overseeing a period of wild swings in China’s domestic markets.
SFC to permit some high risk ETFs
Hong Kong’s regulator has announced plans to allow a limited range of leveraged and inverse products, which are effectively higher risk exchange traded funds, to be sold to the public.
Thailand’s SEC goes after two Brits
In separate incidents, Thailand’s Securities and Exchange Committee has filed criminal complaints against two British nationals accused of operating securities businesses without a licence.
Chinese Ponzi scheme scams billions from 900,000 investors
Chinese authorities have arrested 21 people involved in a peer-to-peer lending scheme suspected of defrauding 900,000 investors of around CNY50bn ($7.6bn).
SFC bans former RM for eight months
A former relationship manager at the Bank of East Asia failed to disclose a past criminal conviction, the regulator said.
SFC shuts down suspected boiler rooms
Hong Kong’s regulator has frozen a total of HK$600,000 in the bank accounts of three suspected boiler rooms.
Tax changes may boost Korea’s mutual fund industry
The government intends to temporarily waive a 15.4% capital gains tax on overseas equities funds, according to a Cerulli report.
RM fined by Hong Kong’s SFC
A former relationship manager at ABN Amro Bank failed to follow proper account opening procedures, according to the regulator.
MRF approval for two more China funds
Invesco-Great Wall and GF International have had China onshore funds approved by the SFC for sale in Hong Kong.
