Stricter suitability requirements to roll out in China
All products that mainland Chinese can invest in will have to meet newly-introduced suitability requirements starting July 1.
China
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Hong Kong’s new Insurance Authority eyes mis-selling crackdown
Hong Kong’s new insurance regulator plans to work closely with its mainland China counterpart to protect consumers when it officially takes over from the Office of the Commissioner of Insurance (OCI) on 26 June.
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China’s regulator zeroes in on fund performance fees
The China Securities Regulatory Commission (CSRC) has proposed new rules that require an asset management firm to inject at least RMB 10m (£1.16m, €1.33, $1.5m) into mutual funds that levy a performance fee.
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Vanguard to target retail investors in China
US mutual fund giant Vanguard has launched a wholly-owned operation in China to target the fast-growing retail investment market in the world’s second largest economy.
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Five views on Moody’s downgrade of China
Asset managers comment on Moody’s decision to lower China’s sovereign credit rating by one notch to A1 from Aa3, with stable outlook.
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China’s HNA looks to buy a stake in Value Partners
Chinese conglomerate HNA Group is looking to buy a stake in Hong Kong fund management firm Value Partners, making it the company’s fourth investment in an asset manager in the past six months.
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China to lift curbs on foreign fund offshore investments
China is set to lift a two-year suspension on foreign funds raising money in the country to invest overseas, a sign that Beijing is loosening its grip on personal wealth leaving the country.
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Chinese robo-advisers looking at data mining to stay ahead
Chinese robo-advisers are likely to use data to personalise their services, bringing clients closer to a private banking experience, according to Gregory Van Den Bergh of Chinese fintech developer Micai.
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Will MSCI include China’s A-shares? Five views
Asset management professionals share their views on the MSCI’s upcoming decision about whether or not to include China’s A-shares in its emerging market indices with our sister publication Fund Selector Asia.
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The peculiarities of ESG investing in China
Chinese companies account for a tiny percentage of ESG-filtered emerging market ETFs, even though China is 26.5% of the MSCI EM Index.
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Standard Life posts £5m loss in Hong Kong amid global job cuts
Standard Life lost £5m (€5.9m, $6.4m) last year from its wholly-owned business in Hong Kong as it confirmed that more than 800 jobs will be lost after it merges with Aberdeen Asset Management.
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CFA exam to include fintech topics
The Chartered Financial Analyst (CFA) exam is to be updated to include topics such as big data, artificial intelligence and robo-advice.