HK’s private wealth association adopts “Treat Customers Fairly” charter; Schroders hires from SLI for multi-asset role; Hang Seng names new CEO; China Foreign Exchange Trade System and HKEX form Bond Connect JV; Massive recruitment from Chinese fund houses in Hong Kong, according to Aquis Search; HK’s Court of Appeal dismisses Moody’s appeal; and others…
Tag: Securities and Futures Commission
SFC CEO hopes to break PB grip on fund distribution
Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission, took a swipe at bank distributors while professing optimism for the mutual recognition of funds (MRF) scheme, which he aims to expand.
HK puts China’s AM applications on watch
“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.
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.
In case you missed it – Financial Markets Updates
China establishes its first fund industry court; management shake-up at China’s Jupai Holdings and Hong Kong’s Value Partners; SFC to co-host two cyber-security workshops; EM hedge fund product returns double that of DM strategies; Amex survey reveals HK finance execs’ optimism towards SAR’s economy; and others…
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.
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…
FSDC proposes new structured products
Hong Kong’s Financial Services Development Council (FSDC) recommends broadening of the domestic listed structured product range by introducing yield enhancement, participation and capital-protected products.
In case you missed it – Fund News and Updates
Schroders and Vanguard launches funds for MPF’s default strategy; China’s AUM hits $9trn; Hong Kong’s SFC increases enforcement activity; Singapore’s MAS fines a fund manager for late submissions; more fintech partnerships and more…
