Asia
China’s market plunge puts economy at risk
The ongoing fall in China’s stock market puts the country’s entire financial system and structural reform agenda at risk, according to Axa Investment Managers and Schroders.
Thailand’s SEC files criminal complaint against adviser PPI
Thailand’s Securities and Exchange Commission said it has filed a criminal complaint against Professional Portfolio International (PPI), a financial planning and wealth management firm with offices across Southeast Asia, and two of its employees for operating a securities business without a licence.
T. Rowe Price: Vietnam’s removal of foreign ownership limits will lift economy
International investors will be able to take a 100% stake in Vietnamese companies when the country scraps its foreign ownership limits in September, which T. Rowe Price’s Oliver Bell said will remove reluctance to invest in the market.
BNP Paribas launches RQFII fund
French asset management firm, BNP Paribas Investment Partners, has launched a fund which offers access to Chinese A shares through its renminbi qualified foreign institutional investor (RQFII) licence.
Hong Kong tribunal backs SFC verdict to fine fund house
Hong Kong’s Securities & Futures Appeals Tribunal (SFAT) has backed a decision to fine and reprimand asset manager, Pride Fund Management, for refusing to resolve a financial dispute with a client.