A former fund manager at China Post & Capital Fund Management was jailed for 3.5 years and fined RMB 17m ($2.55m) for trading undisclosed information, China Securities Regulatory Commission said.
Category: Regulation
Singapore opens fintech hub while curbing internet
MAS opens a fintech innovation lab as authorities aim to cut off web access for public servants.
Campaign group calls for Fatca exemption for US expats
American Citizens Abroad (ACA), a campaign group for US citizens living overseas, has called on the US Treasury Department to amend Fatca regulations which would allow US expats to hold bank accounts exempt from the stringent reporting standards.
China vulnerabilities “dangerous”, says IMF
The lending organisation had strong words about difficulties in “critical areas”, while Rhodium Group warned that wealth management products are behind shadow financing that is driving “unsustainable” economic growth, creating conditions similar to those that led to the 2007-2008 global financial crisis.
HK suspends BOCOM Intl broker
The SFC suspended Ku Yuen-leung, an account executive at BOCOM International Securities, for manipulating stock prices.
China’s regulator continues fund house crackdown
The China Securities Regulatory Commission put 73 private fund firms under administrative supervision measures in the first half of this year after illegal or irregular activities were found.
China’s WM due for `cleansing’, says Noah WM
The ongoing regulatory crackdown on China’s wealth managers impacts on Noah, but Kenny Lam, group president of Noah Holdings, believes it is a positive in the long term.
China approves Shenzhen-Hong Kong Connect
China’s regulator has formally approved the Shenzhen-Hong Kong Stock Connect, which was expected to launch last year.
HK’s SFC names executive director
Hong Kong’s Securities and Futures Commission has appointed Christina Choi as executive director of investment products.
China may further tighten rules on WM business
China aims to strengthen regulations on the wealth management business of banks, according to local reports.
