Disgraced top Chinese insurance regulator expelled
The former chairman of the China Insurance Regulatory Commission (CIRC) has been expelled from the ruling Communist Party following allegations of corruption.
China
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Smart beta assets up 57%
Smart beta ETFs have gained significant market share in Asia Pacific but are struggling globally, according to Morningstar.
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Life sentences for $7.6bn China Ponzi scheme masterminds
The architects behind a Ponzi scheme that cheated 900,000 investors out of CNY50bn (£5.8bn, $7.6bn, €6.4bn) will spend their lives behind bars.
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Fullerton and Man Group to launch private funds in China
Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.
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China tightens grip on fund industry
Private fund managers in China who raise money from retail investors could face sanctions under provisional regulations released by the country’s state council, according to a circular from the government.
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Chinese prosecutor war on ‘financial crocodiles’ gathers pace
China’s top prosecutor has vowed to intensify a crackdown on financial crimes disrupting the country’s securities and futures markets.
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Could today’s India outshine yesterday’s China?
Though it might be tempting to view today’s India as yesterday’s China, Rathbones’ head of asset allocation Ed Smith thinks the region’s growth prospects could be even greater based on five key indicators.
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IMF warns of ‘dangerous’ trajectory for Chinese debt
China’s growth outlook is expected to improve between 2017 and 2021, but the country’s rising debt level skews the figures and raises strong concerns, according to the International Monetary Fund.
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Around half of global candidates pass CFA June exam
The number of mainland Chinese candidates sitting the Chartered Financial Analyst (CFA) exams once again exceeded those in the US, with 152,000 people sitting the exams globally.
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China insurance watchdog denies Anbang asset sale pressure
The China Insurance Regulatory Commission (CIRC) has denied asking insurance giant Anbang to sell its overseas assets and bring the proceeds back to China.
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China gov’t tells Anbang Insurance to sell overseas assets
Chinese authorities have reportedly asked Anbang Insurance Group to sell its overseas assets, which include life insurers in the Netherlands, South Korea, and the United States, as the country’s insurance regulator prepares to ramp up its supervision of the sector.
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China remains a hotbed for Ponzi schemes despite crackdowns
Ponzi schemes remain rife in China because of financial naivety and a collective desire for unfeasibly high returns, an academic at the Renmin University of China in Beijing has said.