Asia
UBS AM launches onshore fund in China
UBS Asset Management’s Shanghai-based wholly foreign-owned enterprise (WFOE) has launched an onshore equity fund for domestic high net worth individuals and institutional investors in China.
Just Service Group partners with Montpelier China
Fintech firm Just Service Group has inked a partnership deal with advisory firm OFS Asia, better known as Montpelier China, which it describes as one of Asia’s oldest established IFA businesses.
Hong Kong regulator restricts use of ‘independent’
Hong Kong will introduce a code of conduct that will restrict asset management intermediaries from being able to use the term “independent” if they receive benefits from other parties.
Hong Kong advisers says no to fee-based model
A majority of the industry responding to the SFC’s proposal on “enhancing industry regulation” were against introducing the fee-based model in Hong Kong.
The plus and minus of China’s new foreign ownership rules
China recently announced it would ease foreign ownership limits for fund management firms, but huge challenges await foreign players that want to enter China’s retail investor market, industry sources said.