Hong Kong
Hong Kong to create platform to allow cross border fund distributionund
Hong Kong’s Securities and Futures Commission has announced plans to create a mutual fund platform which will allow asset managers in HK to distribute funds into mainland China and Chinese managers to distribute into Hong Kong.
hong kong regulator fines deutsche securities
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Deutsche Securities Asia and fined it HK$2.5m ($322,600, 244,700) for regulatory breaches and internal control failings relating to position limit failures.
hk trust laws reforms edge closer as govt
Hong Kong’s government has published the conclusions of a three-month consultation carried out earlier in the year to gauge industry views on plans to reform and modernise the special administrative region’s trust laws.
hk based intermediary fined 1 6m over lehman
The Hong Kong branch of a Taiwanese intermediary company has been fined US$1.6m (S$2m, 1.3m) over the sale of Lehman Brothers-backed structured products in 2008.
hk in second consultation on independent
Hong Kong’s Government has launched its second consultation on measures it plans to take to establish an independent insurance authority, or IIA.