Pioneer Asset Management was among the firms that received an RQFII quota for the first time in February.
Category: Regulation
SFC bans jailed ex-HSBC wealth manager for life
The Securities and Futures Commission has banned Li Lee from re-entering the industry for life for making false claims to her former employer, HSBC.
China’s CSRC orders fund name change
Guaranteed funds in the mainland, worth RMB 320bn ($46.5bn), will be called “risk-hedging strategy funds” to reflect potential risks, according to the new guidelines released by the China Securities Regulatory Commission.
CSRC halts kickbacks on investor introductions
The Chinese regulator put a stop to `client service fees’ paid by fund management firms to third-party sales agencies that introduce new institutional clients.
1MDB scandal: Coutts fined $6.55m for `serious breach’
Coutts must pay out $6.55m (CHF 6.5m) for serious breaches of anti-money laundering rules in connection with the scandal-torn Malaysian 1MDB sovereign wealth fund.
ETF Securities’ HK asset management licence removed
UK-based ETF Securities’ licence for asset management in Hong Kong was removed in January, according to the SFC. But the firm reported a strong year for its commodity funds globally.
HK regulator fines Value Partners HK$4m
Hong Kong’s Securities and Futures Commission said two Value Partners funds issued shares exceeding the authorised limit and the firm did not report the incident in a timely manner.
China’s top hedge fund manager jailed and fined $1.6bn
Xu Xiang, dubbed ‘Hedge fund brother no.1’ in China, was put in prison for five-and-a-half years and fined a reported RMB 11bn ($1.6bn), for market manipulation.
HK’s SFC clarifies governance rules
Some financial firms do not appoint their most senior managers as responsible officers, according to Julia Leung, the SFC’s executive director for intermediaries.
HK signs cross-border cooperation agreement with the US
Hong Kong’s Securities and Futures Commission has entered into a memorandum of understanding on cross-border cooperation with the US Securities and Exchange Commission.
