BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.
April 7, 2021Publicly-offered securities investment funds will have to calculate impairment of financial instruments based on expected credit losses.
November 16, 2020iFAST Corporation expects to start selling private funds to qualified onshore individual and institutional investors in China in early 2021.
September 29, 2020Baillie Gifford has become the latest foreign asset manager to set up a wholly-owned securities investment fund unit in China.
September 29, 2020The guidelines articulate four basic principles private fund managers are required to follow in designing and implementing performance remuneration mechanisms.
June 13, 2020Over 20,000 private fund managers registered with AMAC are controlled by fewer than 2,000 people, prompting concerns of excessive concentration in the industry.
October 21, 2019Some managers of privately-offered funds are using capital intended for specific investments on themselves or to illegally operate P2P lending businesses.
August 25, 2019By enlarging their investment scopes, the regulator is also paving the way for them to expand their businesses in China.
August 20, 2019The funds were handed bans of 6 and 12 months for making IPO applications for shares on Shanghai's new tech board that exceeded the size of their investments.
July 25, 2019Jay Wei, chairman of JC Group, which controls multiple fund management units, is being investigated by Chinese police for potentially illegal multi-billion-dollar fundraising activities.
April 30, 2019