Regulatory freedoms granted to segregated-account subsidiaries of Chinese fund firms have seen the segment swell, but the risk of investor losses is going unnoticed, say sources.
Tag : csrc
Fund houses and banks have set out areas where they want regulators to provide certainty around the China-Hong Kong mutual recognition scheme for funds.
The securities regulator CSRC is drafting new legislation to sharpen up the industry, which has shrunk 31% since 2011. Participants are hopeful it will usher in positive change.
Market participants say that RQFII recipients in Hong Kong will still have advantages over London and Singapore - for now.
The change of leadership at China's securities regulator will not slow the progress of the cross-border fund mutual-recognition scheme, says Hong Kong's Securities and Futures Commission.
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Domestic securities firms and locally incorporated foreign banks are jostling for sunshine fund business as the mainland's securities regulator awaits applications.
The CSRC is proposing a raft of liberalisations to broaden its QDII programme, potentially presenting new sub-advisory opportunities for foreign fund houses.
China's top securities regulator, Guo Shuqing, is reportedly set to become the governor of Shandong, leaving asset managers uncertain about future market reforms.
The CSRC expands the scope and scale of its RQFII programme to include Hong Kong-domiciled financial firms, with HSBC and Standard Chartered reportedly expressing interest.
Competition is hotting up in China's funds industry, with the arrival of more bank-backed asset managers set to make life even more difficult for other players.
Yang Qiumei’s international experience and relationships will be crucial to her role as head of the fund-focused regulatory trade body’s new Hong Kong office.
CME Group is working with Chinese regulators to help more brokers trade derivatives overseas. This would enable mainland institutions to better hedge their commodity risks.
