The RQFII licence will allow Baring Asset Management direct access to mainland Renminbi-denominated equity and fixed income securities.
Category: Regulation
Hong Kong fines UBS securities advisor
Hong Kong’s regulator has fined a client adviser at UBS HK$400,000 ($51,600) for failing to properly handle a client’s trade orders.
Investec granted RQFII licence plans China funds
Investec Asset Management has been awarded an RQFII licence to invest directly into China’s mainland markets, and will launch two new funds focusing specifically on the region.
The R word
Fund selectors and wealth management professionals attending FSA’s Fund Selector Forum last week in Hong Kong overwhelmingly said regulation is the biggest challenge facing their business.
The lengthening road to fund approval
Layers of due diligence procedures now required by regulatory authorities are closing the gap between products available to private and retail clients, said Alfred Mak, head of investment products and advisory at the Bank of East Asia.
Hong Kong suspends DBS Vickers broker
Hong Kong’s regulators have suspended the licence of a broker formerly at DBS Vickers, the securities arm of DBS Bank, for breaching internal control policies.
Hong Kong and China regulators sign
In final preparation for the stock connect programme, Carlson Tong, Hong Kong’s top regulator, has signed an agreement with his counterpart in China for cross-border information sharing and joint investigation of suspected misconduct.
Salisbury Securities directors given life bans
Two former directors of Salisbury Securities have been given a life ban from the industry after they used client investments for personal and business expenses.
Mercer Steven Seow
Regulations, competitive pressures and demographic change are impacting the way private banks in Asia operate, said Steven Seow, Mercer’s head of wealth management in Asia.
Hong Kong trading suspensions
Several Hong Kong authorised funds have companies in their top ten holdings that have been under trading suspensions imposed by the Hong Kong Stock Exchange.
