Morgan Stanley has become the latest foreign firm to control a securities JV in China, while JP Morgan becomes the first foreign firm to own a majority stake in an asset management JV.
August 6, 2019The HKIFA is advocating for fund documents to only be delivered to investors digitally by default, increased use of cloud for record keeping, and greater alignment with international standards.
August 2, 2019The measures ease restrictions on foreign investment in securities firms, asset management companies, FX brokerage, insurance and pension management, among others.
July 22, 2019JPMorgan is likely to become the first foreign firm to gain a controlling stake in an asset management joint venture in China, while Morgan Stanley may soon control its China securities unit.
July 6, 2019The FSC is trying to spur competition in the capital market, and encourage the establishment of new brokerages. Only six new brokerages have been set up in Korea since 2010.
June 28, 2019Indian asset management companies serving offshore funds as advisers will now be entitled to tax benefits which will enable them to take up direct fund management of offshore funds.
May 23, 2019Robo-advisory services will have to undergo testing and verification before they can be used to directly manage funds and entrusted assets under new enabling FSC regulations.
May 17, 2019The FSC plans to submit the bill easing crowdfunding and fund management regulations to the national legislature later this month, where it will be subject to further deliberation.
May 9, 2019Regulators at the three-day China Development Forum in Beijing had a common message for the market – that China plans to ramp up efforts to open up the financial sector this year.
March 27, 2019A new ASIFMA paper provides policy recommendations for making China's capital markets easier to access and more attractive to foreign institutional investors.
March 20, 2019