The measures include increasing the scope of eligible products and increasing quotas.
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The measures include increasing the scope of eligible products and increasing quotas.
ESG remains topical despite recent headwinds, according to speakers at a recent FSA event.
Despite tougher regulatory scrutiny, China’s private sector will continue to offer investment opportunities, says Matthews Asia.
The NYSE-listed Chinese asset and wealth manager reported a strong 2017 and said that investible assets in China far outstrip the size of the mainland’s asset management industry.
China’s regulator has clarified its position on the halt of Hong Kong equity fund approvals and released some rules for firms intending to launch them.
China’s proposed rules for asset management should have minimal impact on foreign asset managers, which tend to have a high-level of transparency and adequate risk-control measures in place, said Xingdong Chen, chief China economist at BNP Paribas (China).
Managers cannot offer investors a guaranteed rate of return, according to one prohibition in the draft guidelines for asset managers released by the People’s Bank of China.
China’s first court specialised in judging cases involving the fund industry is aimed at tighter scrutiny of the financial industry.
A roundup of the week’s asset management industry news from mainland publications.
Layers of due diligence procedures now required by regulatory authorities are closing the gap between products available to private and retail clients, said Alfred Mak, head of investment products and advisory at the Bank of East Asia.
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