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.
Tag: China Securities Regulatory Commission
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.
CSRC to permit retail sales of mutual fund of funds
Mutual fund-of-funds are expected to roll out later this year after the release of a consultation paper from the China Securities Regulatory Commission.
CSRC exits signal shakeup
The China Securities Regulatory Commission has lost five senior officials recently, according to mainland media.
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.
Chinese fund subsidiary applications on hold
Manulife Teda Fund Management and six other fund houses which have submitted applications to open fund subsidiaries must meet newly-tightened regulations, according to state-run Securities Times.
CSRC takes action on fund subsidiaries
China Securities Regulatory Commission announced action in five cases, and confirmed it is drafting new rules to oversee fund subsidiaries.
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’s guaranteed funds on watch
Mainland regulators warned of the risks on guaranteed funds, as they might not be 100% guaranteed due to existing “system deficiencies”.
One step forward for A-share inclusion
The China Securities Regulatory Commission has cleared doubts about the beneficial ownership of QFII and RQFII schemes, ahead of the June decision to include A-shares in key MSCI indices.
