SSGA names new APAC head; Capital Group creates new fixed income role; Lombard Odier to launch a sustainable fund; more fintech cooperation agreements in Hong Kong and Singapore; China relaxes rules for foreign banks; SFC continues to watch for mis-selling of financial products; and more…
About 150 private banking clients of China Minsheng Bank’s Beijing Hangtianqiao sub-branch may have bought fake wealth management products that total as much as RMB 3bn ($435m), according to mainland media.
Guo Shuqing, the newly-appointed chairman of the China Banking Regulatory Commission (CBRC), has vowed to close cross-market financial product loopholes and tighten oversight of the nearly CNY30trn ($4.4trn) held in Chinese banks’ wealth management products.
Foreign investor demand for A-shares surges Expectations over the imminent linkage of the Shenzhen and Hong Kong markets has intensified investor demand for access to China. Data from the Hong Kong Stock Exchange showed a sudden increase in the demand for RQFIIs tracking A-Shares and ETFs for A-shares. Moreover, the demand for the CSOP SZSE […]
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