"Responsible officers" listed on an increasing number of mainland asset management firm applications will get tougher scrutiny from the Hong Kong’s Securities and Futures Commission, according to Julia Leung, the SFC’s executive director for intermediaries.
The Hong Kong Securities and Futures Commission (SFC) and the UK's Financial Conduct Authority have entered into a co-operation agreement to support fintech innovation.
Hong Kong’s Securities and Futures Commission (SFC) is proposing new cyber security control practices to reduce and mitigate hacking risks associated with internet trading.
Taiwan is expected to allow local fund managers to set up private equity funds, according to Jeff Chang, chairman of Taiwan’s Securities Investment Trust and Consulting Association (Sitca).
The Chinese government’s warning on financial risk this week has put pressure on the country’s equity and bonds markets.
The Hong Kong branch of Coutts has been fined by the Hong Kong Monetary Authority (HKMA) for failing in its anti-money laundering (AML) and counter terrorist financing (CTF) checks.
Three British nationals allegedly involved in a boiler room scam were arrested in the Philippines on Monday.
An early response suggests adoption by asset managers will depend on how the new corporate structure is taxed.
Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m US Ponzi scheme that invested in Brazilian and African gold mines.