SFC - Securities and Futures Commission Archives - Page 7 of 19

AIA enters Hong Kong’s retail funds arena

The asset management arm of the Hong Kong-based insurance firm is expected to launch eight products.

Hong Kong’s Securities and Futures Commission cited failures in paying interest on cash held in the portfolios of a number of funds.

The SFC has issued a restriction notice against an asset management firm.

The move signals Fosun Group’s foray into retail funds in Hong Kong.

Additionally, an A-shares fund is awaiting approval in Singapore.

The mainland firm’s iron ore futures ETF has been approved for sale to retail investors in Hong Kong.

A former relationship manager at the firm overcharged clients without informing them of the increased mark-up.

Nine funds were added on the list, six of which are managed by Pictet Asset Management.

The Guangzhou-based asset manager is ready to provide its second fund for Hong Kong’s retail investors.

The Securities and Futures Commission said it will try to provide services as usual but there may be some delays in regulatory matters.