Tai United Holdings Limited’s indirect wholly-owned Singapore-based subsidiary Tai United Asset Management has been approved by the Monetary Authority of Singapore (MAS) as a Registered Fund Management Company (RFMC) under the Securities and Futures (Licensing and Conduct of Business) Regulations to officially carry on fund management business in Singapore.
Kevin Carter, pictured, is founder of EMQQ, an ETF focused US-listed emerging markets internet and e-commerce companies. Founded in 2014, and with just USD90 million under management, his time has come with year to date performance of over 30 per cent, and listings as one of the top performing Science/Tech funds in a variety of listings in the US.
Singapore Exchange (SGX) and the Shanghai Pudong Development Bank (SPDB) have entered into a memorandum of understanding (MOU) to strengthen capital market ties between Singapore and Shanghai.
Manulife has become the first financial institution to be granted an Investment Company Wholly Foreign-Owned Enterprise (WFOE) license and will now be providing its public market and private assets solutions to China’s asset management industry via a new company, Manulife Investment (Shanghai) Limited Company.
CITIC-Prudential Life Insurance Company (CITIC-PRU Life) has received approval from the China Insurance Regulatory Commission (CIRC) to commence preparatory work for the establishment of a new branch in Sichuan province.
Gary Greenberg, (pictured) Head of Hermes Emerging Markets, has written a paper assessing India’s ability to modernise and truly emerge.
The Shenzhen-Hong Kong Stock Connect provides international investors with another direct link to access China’s domestic A-shares market and especially the stocks on the tech-heavy Shenzhen market. It also provides Luxembourg investment funds with access to a new asset class.
Irish Funds, the representative body for the cross-border investment funds industry in Ireland, has welcomed the announcement by the People’s Bank of China and the Irish authorities that Ireland has been granted a RMB50 billion quota under the RQFII Scheme.
Confluence predicts that the rise of regulatory technology (RegTech) in 2017 will trigger a transformation of the asset management back office, with improved data management and technology solutions delivering operating model improvements through automation.
Although some responsible investment regulation is useful in terms of increasing awareness of ESG, investors are still sceptical about whether or not this regulation is driving real change, a report by the Principles for Responsible Investment (PRI) has found.