The firm said it has become the first asset manager in Germany to receive a Renminbi Qualified Foreign Institutional Investor (RQFII) license, which will enable it to invest in mainland securities.
Category: Regulation
HKG court upholds fund advertising decision
Fund advertisements can be issued to the general public even if the issuer only intends to sell the product to professional investors, according to Hong Kong authorities.
Hong Kong slaps ban on JP Morgan broker
Luo Jianglan has been banned from working in the financial industry for six months due to violation of short selling procedures and moves to conceal the breach.
Hong Kong bans StanChart RM for life
Regulators found that a relationship manager at the bank made fund transactions without client’s consent in order to meet his sales targets.
Five funds approved ASEAN passporting initiative
Regulators have approved five funds for participation in the cross-border ASEAN fund passport initiative.
Hong Kong bans Ping An CEO
The Securities and Futures Commission found that He Zhi Hua, former CEO of Ping An of China Securities, failed to ensure the firm had adequate internal control procedures.
Leung to take over senior Hong Kong regulator post
Hong Kongs Securities and Futures Commission has appointed Julia Leung as executive director of the investment products division, replacing Alexa Lam who plans to retire.
Hong Kong waives off stamp duty on ETFs
Hong Kong Exchanges and Clearing will waive stamp duty on all exchange-traded funds listed in Hong Kong from 13 February to promote the development of the ETF market.
AXA IM granted QFII licence
AXA Investment Mangers has been granted a Qualified Foreign Institutional Investor (QFII) licence to invest into the China A-shares market.
Chinas brokerage suspension
Mainland market volatility that is expected to characterise 2015 was clear on Monday after a 7.7% plunge in the Shanghai index, driven by price declines in shares of Citic Securities and Haitong Securities.
