The flagship Chinese tech firm is looking to enter Hong Kong’s mutual funds market.
Tag: Securities and Futures Commission
SFC considers changes for MRF
Hong Kong’s Securities and Futures Commission (SFC) reveals discussions with the mainland regulator to relax the limit on overseas delegation.
Hong Kong WM assets hit $1trn
In 2017, total assets under management by the private banking and private wealth management business in Hong Kong hit $1trn (HK$7.8trn), while asset management was up 23%, according to the Securities and Futures Commission (SFC).
SFC fines Noah HK$5m over client risk control
Wealth manager Noah Holdings was fined by Hong Kong’s regulator for failure to comply with several requirements, including KYC and due diligence matters.
Regulators hike Stock Connect trading quota 4x
To prepare for China’s MSCI indices inclusion, regulators in Hong Kong and China have announced a four-fold increase in daily trading quotas for the cross-border Stock Connect programmes.
RMB-based financial products debut
Oil contracts and Ucits funds have begun offering renminbi-based products after China scrapped some foreign exchange controls to catch up with international currency standards.
Hong Kong’s SFC goes after big guns
In separate moves, Hong Kong’s Securities and Futures Commission this month has gone after UBS, Deutsche Bank and CLSA for regulatory breaches.
SFC’s Julia Leung takes on deputy CEO role
Julia Leung has been re-appointed as executive director for intermediaries and has been given a deputy CEO role for three years, according to a statement from the regulator.
Hong Kong’s total AUM soars 30% in 2017
Bond, equity and mixed asset funds registered for sale in Hong Kong were up in double-digit percentages in 2017, capping a buoyant year for the SAR’s mutual fund industry, according to the December 2017 quarterly report from the Securities and Futures Commission.
SFC slaps HSBC with record fine, suspension
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
