Asia
Schroders and State Street fined by Hong Kong regulator
Schroder Investment Management (Hong Kong) and State Street Global Advisors have been fined by Hong Kong’s Securities and Futures Commission (SFC) for two separate regulatory breaches.
HK rules seen as bottleneck to rise of robo-advisers
Hong Kong regulations require human involvement rather than an automated process in order to provide wealth management services, said iFast Financial (HK) chief operating officer Kelvin Yip.
MSCI tells China ‘No for now’ on entry into EM index
For the third time since 2013, the US index provider rejected the inclusion of China A-shares in its flagship emerging market indices, highlighting key unresolved issues.
Leveraged and inverse ETFs debut in Hong Kong
Samsung Asset Management has launched Hong Kong’s first leveraged and inverse ETFs.
Singapore’s financial regulator steps up enforcement
The Monetary Authority of Singapore (MAS) has announced plans to set up a new department to centralise and strengthen its enforcement capabilities.