Capital Group to launch UCITS active ETFs in Asia and Europe
The asset manager will launch four strategies in the first quarter of 2027.
Regulation
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RBC fined HK$7.7m for mishandling client assets
There is no evidence of losses for customers.
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Hong Kong and China to launch Swap Connect
Authorities in both jurisdictions announce that the latest trading agreement is set to start in six months’ time.
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China greenlights Goldman Sachs wealth management JV
Goldman Sachs ICBC Wealth Management can now offer wealth management products to domestic Chinese clients.
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Aussie regulator freezes assets of director and his four firms
They allegedly obtained A$2.5m by misleading investors
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Singapore creates roadmap for sovereign green bonds
The lion city plans to issue up to S$35bn ($25.4bn) in green financing by 2030.
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Hong Kong regulator warns investors about NFTs
Firms are reminded about licensing rules when marketing the asset as part of a collective investment scheme.
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China banks fined for breaking asset management rules
Bank of China and Everbright Bank were charged for violations in their wealth management units.
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Singapore advisers told to improve standards and conduct
The regulator looks to build greater trust in the sector.
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Hong Kong regulator bans ex-BNP Paribas WM employee
After he ‘operated a client account discretionarily without obtaining written authorisation’.
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MAS bans DBS wealth manager for fraud
Loh Thim Mun Marcus was found to have transferred clients’ money to his personal account.
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Trio banned by Hong Kong regulator
After they used false certificates to prove they had minimum requirements to apply to be insurance agents.
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Hong Kong brokerages are set to join the WMC
Brokerages will compete with 23 eligible banks in Hong Kong for southbound services under the cross-boundary Wealth Management Connect.
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IOSCO targets greenwashers
The creation of draft proposals for ISSB are expected imminently.
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Hong Kong regulator eases sale of life products online
Temporary measures are extended until September 2022.
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SFC fines HSBC Securities for regulatory breaches
The firm is penalised for making errors trading under stock connect.
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China extends wealth management scheme
The pilot programme for retiree products is expanded to other cities.