Sun, Feb 7, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Mutual funds to see greater support from Asian regulators

Monday, June 17, 2013

Bailey McCann, Opalesque New York: In January, Hong Kong securities regulator, the Hong Kong Securities and Futures Commission announced along with the China Security Regulatory Commission (CSRC) that it would consider allowing a mutual fund scheme. Since then, there has been no additional guidance, but market participants are busily looking for ways to provide retail products in the country.

Indeed, at our recent Opalesque Hong Kong Roundtable, Anne Marie Godfrey, Partner, Bingham McCutchen, said, "The proposed move towards mutual recognition of authorized funds between the PRC and Hong Kong is very interesting. I believe this is likely to result in more Hong Kong domiciled funds being established by foreign institutions and authorized by the SFC."

According to a recent client alert from law firm Dechert, the statements are viewed in Hong Kong as an opportunity for Hong Kong-domiciled and SFC authorized funds to reach mainland China.

The attorneys note that within China, the CSRC has also released "Interim Administrative Rules for Securities Investment Fund Sales Institutions’ Business Operations via Third Party e-commerce Platforms (the Interim Rules), allowing third party e......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider