Asset managers can start submitting applications for approval to establish a new mutual fund using a new online system from 1 June.
June 11, 2021New rules for the disclosure of scheme risk-o-meters, performance and portfolio details will be implemented on 1 September instead of 1 June.
June 4, 2021The overseas investment limit was raised from $600mn to $1bn. For investments in overseas ETFs, the limit was raised from $200mn to $300mn.
June 4, 2021The draft guidelines will operationalise the supplemental MOU signed last month to admit the Philippines to the ASEAN CIS framework.
June 3, 2021Only institutional and ultra-HNW investors will be allowed to invest in distressed bond funds, which will be non-redeemable but have a maturity date prescribed.
May 14, 2021A 150bn yuan ceiling is proposed as the trading quota for the new scheme, with a 1mn yuan individual limit. A launch date has not yet been set.
May 10, 2021Foreign companies will be allowed to become sponsors of mutual funds, subject to a maximum contribution of 25 percent of the find size.
May 7, 202120% of compensation of key AMC employees must be paid in the form of units of the mutual fund schemes in which they have a role or oversight.
May 5, 2021In response to regulatory pressure, Ant Group has been urging investors through in-app notifications to switch to other funds.
April 28, 2021BlackRock has withdrawn its private fund manager registration to pave the way for the launch of its new wholly-owned mutual fund unit in China.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, 2021