After 1.5 years, China’s regulator still hasn’t explained the delay in approving northbound funds through the MRF scheme, raising questions about how mutual the scheme is, according to industry players.
Tag: Hong Kong
ETF Securities’ HK asset management licence removed
UK-based ETF Securities’ licence for asset management in Hong Kong was removed in January, according to the SFC. But the firm reported a strong year for its commodity funds globally.
HK ETF market: $580m net inflows in 2016
An overview of ETF activity in Hong Kong in 2016 shows SSGA’s Asia bond fund had the highest inflows while iShares China had the largest outflows.
HK regulator fines Value Partners HK$4m
Hong Kong’s Securities and Futures Commission said two Value Partners funds issued shares exceeding the authorised limit and the firm did not report the incident in a timely manner.
MRF reports $1.1bn in first-year sales
After the first full year of operation, the Mutual Recognition of Funds scheme had net sales of about $1.1bn, the bulk of that from northbound fund sales.
HK’s SFC clarifies governance rules
Some financial firms do not appoint their most senior managers as responsible officers, according to Julia Leung, the SFC’s executive director for intermediaries.
HK signs cross-border cooperation agreement with the US
Hong Kong’s Securities and Futures Commission has entered into a memorandum of understanding on cross-border cooperation with the US Securities and Exchange Commission.
StanChart HK CEO to retire
Mary Huen will succeed May Tan as the new Hong Kong CEO, while three other appointments have been made.
Amundi’s guaranteed fund tests the water in HK
A rare launch of a guaranteed fund in the SAR is said to fill the gap for products with low volatility and capital preservation, although analysts hold reservations.
HK’s online banking scams spike
The number of online scams involving brand name private banks operating in Hong Kong is at a record high, according to data from the Hong Kong Monetary Authority.
