Malaysia’s fund industry has grown assets 8.86% this year to RM 758bn ($179bn), according to Zainal Izlan Zainal Abidin, Securities Commission Malaysia’s managing director for development and Islamic markets.
Securities Commission Malaysia (SC) has appointed Salmah Bee Mohd Mydin as director of intermediary and fund supervision, according to a statement from the regulator.
Aviva Investors names Charles Wong as head of Asia wholesale distribution; Pinebridge poaches APAC marketing exec from SSgA; a fintech association launches in Hong Kong; fintech agreements in Singapore and Malaysia; CSOP’s China ETF sees huge inflows following MSCI’s China inclusion announcement; and more…
The Maybank Bosera Greater China ASEAN Equity-I Fund seeks to tap opportunities in Greater China and ASEAN.
Regulators have approved five funds for participation in the cross-border ASEAN fund passport initiative.
The ASEAN collective investment scheme framework (CIS) has been launched, allowing investors in Singapore, Malaysia and Thailand access to cross-border financial products.
RHB Asset Management has unveiled a Shariah-compliant actively managed Islamic balanced fund in Hong Kong, the first in the country.
Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors.
Malaysia has announced a raft of measures to strengthen its capital markets, including steps to facilitate the entrance of foreign firms to the local asset management industry.
The central banks of Malaysia and the United Arab Emirates have today signed an agreement to encourage closer economic ties between the two countries, including in the area of Islamic finance.