A roundup of the week’s asset management industry news from mainland publications.
Tag: CSRC
China this week – Fund News and Analysis
A roundup of the week’s asset management industry news from mainland publications.
MRF draws in Hong Kong asset managers
Hong Kong has received 14 applications for products wishing to take part in China’s mutual recognition of funds (MRF) since the scheme launched on July 1.
FTSE paves the way for China A share inclusion
The initial weighting of China A-shares in the new FTSE Emerging Markets China A Inclusion indices will be about 5%. This is expected to increase to 32% when China A-shares are fully available to international investors. FTSE said recent measures to expand the Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) […]
HK, China mutual recognition of funds to take off 1 July
The Securities and Futures Commission and the China Securities Regulatory Commission today said they have signed a cooperation pact for the initiative and agreed on the implementation principles. “The mutual recognition of funds initiative is a major breakthrough in the opening up of the mainland’s funds market to offshore funds,” the SFC’s chairman Carlson Tong […]
China opens door further by clarifying “beneficial ownership”
The mainland regulator posted an FAQ notice on its website stating that “investors are legally entitled to the rights and benefits of shares acquired through the northbound trading link. “Accordingly, the CSRC Stock Connect Rules have expressly stipulated that, in northbound trading, overseas investors shall hold SSE [Shanghai Stock Exchange] securities through HKSCC and are entitled to […]
China funds can invest without QDII
China’s mutual funds are now permitted to invest in Hong Kong shares using the Shanghai-Hong Kong Stock Connect programme, according to the China Securities Regulatory Commission.
Chinas brokerage suspension
Mainland market volatility that is expected to characterise 2015 was clear on Monday after a 7.7% plunge in the Shanghai index, driven by price declines in shares of Citic Securities and Haitong Securities.
Hong Kong and China regulators sign
In final preparation for the stock connect programme, Carlson Tong, Hong Kong’s top regulator, has signed an agreement with his counterpart in China for cross-border information sharing and joint investigation of suspected misconduct.
