SFC
CITIC and former directors facing legal action
State-owned Chinese conglomerate CITIC and five of its former directors are facing legal action from the Hong Kong authorities which allege they provided false or misleading information when the firm incurred “massive losses” in 2008.
hk fund management assets continue to rise
Hong Kong’s fund management business continued with its uptrend in 2013 with the combined assets at the end of the last year rising by nearly 27% over that of 2012.
SFC proposes review of fund NAV disclosure
The Hong Kong capital market regulator has begun a consultation which will review the disclosure requirements for the net asset value of funds.
Ernst Young finally produces docs for ongoing
EY, formerly Ernst & Young, has finally produced documents which were the subject of a court order in Hong Kong.
RHB Asset Management floats maiden Islamic
RHB Asset Management has unveiled a Shariah-compliant actively managed Islamic balanced fund in Hong Kong, the first in the country.