Blackrock, Nomura AM and Avanda IM are RQFII quota recipients after the scheme was expanded by RMB 21.2bn ($3.22bn) in April, according to the latest data from State Administration of Foreign Exchange.
Category: Regulation
SFC fines firm for failing to identify client
Hong Kong’s Securities and Futures Commission has reprimanded and fined Guotai Junan Securities (Hong Kong) for failing to reveal a client’s identity.
CSRC punishes high-frequency traders
Two people were fined RMB 1m each for high frequency trading during the A-share market collapse last summer, the CSRC said.
MAS shuts down BSI Bank in Singapore
The Monetary Authority of Singapore also slapped BSI with a $9.5m fine and sent six senior managers and staff to the public prosecutor to evaluate whether they have committed criminal offences.
MAS stops operations of fund house
The Monetary Authority of Singapore said V Wealth Capital Pte can no longer conduct its fund management business in Singapore after failing to comply with a number of rules.
HK’s SFC signs pact with US counterpart
Hong Kong’s Securities and Futures Commission has signed an agreement with the Financial Industry Regulatory Authority (FINRA) in the US for cross-border oversight.
Singapore widens retail investor bond access
Retail investors are now able to invest in a suite of bonds previously closed to them after the Singapore Exchange introduced a new “bond seasoning framework”.
Stricter rules for Chinese fund subsidiaries
Chinese regulators are proposing stricter rules for asset management companies in regards to leveraging investments and opening subsidiaries.
China relaxes internet finance firm registration
Three types of financial companies are expected to resume registration after a complete suspension on registration of new finance-related firms, mainland media reported.
More than $12trn from EM in offshore accounts
More than $12trn has been taken out of emerging economies such as China and Russia and stashed in offshore accounts, new data from advocacy group the Tax Justice Network (TJN) has revealed.
