ILAS products should be designed fairly and deliver fair outcomes. Issuers should lower surrender charges. Product features should not be unduly complex.
November 5, 2021Under the changes, only a small group of more complex CIS would continue to be considered complex products and subject to additional disclosure requirements.
November 4, 2021The voluntary standards aim to help investors assess and compare how investment products consider ESG issues across objectives, strategy, and stewardship.
November 2, 2021New mechanisms have been established to enable investment funds set up overseas to re-domicile to Hong Kong as OFCs or LPFs.
November 1, 2021The plan includes measures to further open up the banking, securities, insurance, funds, futures and other financial sectors.
October 30, 2021While there are currently only isolated examples of divestment from Australia because of climate risk, the likelihood of more significant divestment is increasing.
October 19, 2021Eleven overseas firms offering securities investment trust funds in Taiwan will need to set up a local risk management department by end-2022.
October 14, 2021Under two separate initiatives, eight foreign fund managers and four investment trust companies will receive preferential treatment for one year.
October 8, 2021Mutual funds and AMCs will be required to maintain mandatory metrics on investment risk, liquidity risk and credit risk, and perform stress tests at least monthly.
September 30, 2021Balanced funds, money market funds, equity and bond funds are reportedly among the more than 100 types of investment funds awaiting the HKMA's approval.
September 29, 2021