E Fund makes latest product push in Hong Kong
The Securities and Futures Commission approved 10 mutual fund products in December for retail sale
SFC
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Mainland firms drive Hong Kong product sales
Collective investment schemes sales rose 84% in April 2017-March 2018, nearly double than in 2016
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Hong Kong regulator working to widen fund distribution
Banks currently dominate distribution channels
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‘Complex product’ regulations could limit HK distribution
Some distributors in Hong Kong may avoid ‘complex products’ because of the added risk of being non-compliant
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UK and Hong Kong regulators open up retail fund sales
Investors in both markets will have greater choice
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Hedge fund manager enters Hong Kong retail market
Regulator has given the green light for Foundation AM to roll out an equity fund
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Hong Kong regulator fines wealth manager HK$5m
Wealth manager Noah Holdings was fined by Hong Kong’s regulator for failure to comply with several requirements, including know-your-client and due diligence matters.
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China quadruples mainland-Hong Kong trading scheme quotas
China’s securities regulator has announced a four-fold increase in the daily trading quotas for Stock Connect, the programme that links the Shanghai and Shenzen stock exchanges with their Hong Kong counterpart.
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Hong Kong regulator targets big guns
In separate moves, Hong Kong’s Securities and Futures Commission (SFC) this month has gone after UBS, Deutsche Bank and brokerage firm CLSA for regulatory breaches.
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Hong Kong’s total assets under management soar 30% in 2017
Bond, equity and mixed asset funds registered for sale in Hong Kong were up in double-digit percentages in 2017, capping a buoyant year for the special administrative region’s mutual fund industry, according to the December quarterly report from the Securities and Futures Commission.
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Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
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Convoy raids put Hong Kong firms on notice
Hong Kong’s financial services firms can expect greater regulatory scrutiny as an unprecedented joint probe by the Independent Commission Against Corruption (ICAC) and the Securities and Futures Commission (SFC) paves the way for future investigations.