“Responsible officers” listed on an increasing number of mainland asset management firm applications will get tougher scrutiny from the Hong Kong’s Securities and Futures Commission, according to Julia Leung, the SFC’s executive director for intermediaries.
Tag: Hong Kong
Hong Kong and UK sign fintech agreement
The Hong Kong Securities and Futures Commission (SFC) and the UK’s Financial Conduct Authority have entered into a co-operation agreement to support fintech innovation.
HK-Swiss scheme to join fund passport club
Yet another fund passporting programme, the Switzerland-Hong Kong Mutual Recognition of Funds scheme, is trying to get traction in Asia.
HK proposes new security guidelines for online trading
Hong Kong’s Securities and Futures Commission (SFC) is proposing new cyber security control practices to reduce and mitigate hacking risks associated with internet trading.
HK’s new guidelines for online platforms and robo-advisors
Hong Kong’s Securities and Futures Commission proposed additional protective measures for selling ‘complex’ products via online distributing platforms and for providing robo-advisory services.
Capital Group partners with AIA Hong Kong in ILAS push
Fund manager Capital Group is teaming up with AIA Hong Kong to introduce long-term investment solutions through the AIA investment linked assurance scheme (Ilas).
Value Partners targets IIs with smart beta
Hong Kong-based Value Partners will cut fees on its China-focused smart beta ETFs and launch Singapore’s first leveraged and inverse ETF, said Ling-kai Mak, the firm’s senior fund manager.
Outflows still plague MRF funds
Northbound funds selling onshore in China under the Mutual Recognition of Funds (MRF) continued to see more inflows, although the net sales remained negative in March, according to latest data from the State Administration of Foreign Exchange.
Survey: HK wealthy missed the ‘Trump bump’
Hong Kong’s multi-millionaires failed to quickly adjust their portfolios to benefit from strong equity markets after the 2016 US presidential election, a Citi survey revealed.
In case you missed it – Market Updates
Blackrock reports $80bn of net inflows during the first quarter; L&I products in Hong Kong receive warm market response; Northern Trust upgrades developed and emerging markets economic outlook; more fund managers allocate more in Eurozone equities, according to a BofA Merrill Lynch report; SFC bans a bank manager for stealing; and others…
