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.
BNY Mellon has been granted full All Asset Trust License status in Korea to provide trustee services for the domestic market.
The Hong Kong Securities and Futures Commission (SFC) has launched a three-month consultation on proposals to enhance the regulation of the asset management industry to better protect investors’ interests and ensure market integrity.