SFC
SFC intermediary licence applications jump by 15%
The number of applications for intermediary licences in Hong Kong has risen by just over 15% in a year, the Securities and Futures Commission has said.
Nomura Int’l fined after breaching Hong Kong regulations
Nomura International in Hong Kong has been fined after it failed to disclose that a trader had caused a $3.3m trading loss by making false entries in its risk management systems.
Int’l investments propel HK fund management business to record high
Combined fund management business in Hong Kong increased by over 10% last year to reach a record high of $16.7bn, including a contribution of over $12.4bn from international investors.
Hong Kong asset managers jump on mutual recognition of funds initiative
Hong Kong has received 14 applications for products wishing to take part in China’s mutual recognition of funds (MRF) scheme, a new initiative which has loosened the flow of cash between the two regions.
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.