After launching a fixed income mutual fund in China, Taiwan's Yuanta will roll out a more unusual cross-border ETF, a big step forward for China, Hong Kong and Taiwan.
Alexa Lam, deputy CEO of the Securities and Futures Commission, outlines her vision of a "breakthrough" mutual recognition platform for public funds between HK and the mainland.
The French firm did not comply with regulations on treating clients as professional investors nor keeping adequate records of investment advice to customers between 2004 and 2010.
The fund manager gives international CEO Anthony Fasso responsibility for its dominant Australian client base. It comes as the firm officially opens its Hong Kong office.
Having registered eight more funds to offer to retail customers, the Swiss asset manager is in talks to get on the shelves of more foreign and local banks in the city.
The Securities and Futures CommissionÆs first survey in three years finds the number of funds operating in the city has grown over the past year, but the amount they manage has shrunk.