All posts tagged "Wealth Management"
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749ChinaChina Explores Rule Relaxations to Facilitate Cross-Border Investment
China's regulators are working to further relax restrictions on cross-border investment and create new channels for domestic and foreign investors alike.
October 28, 2020 -
427ChinaChina to Issue Additional Quotas for Outbound Investment via QDII
The move, estimated to release quotas by $2-3bn per quarter, is being called one of the biggest relaxations in capital controls in recent years.
October 27, 2020 -
1.2KAML / KYCMAS Bans Former BSI Banker Over 1MDB ‘Secret Profits’
The former banker received about $5mn in fund management fees in an entity he beneficially owned, at the expense of and without the knowledge of BSI Bank.
October 23, 2020 -
1.1KChinaGBA Wealth Management Connect to Operate With Quota System
The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.
October 23, 2020 -
1.8KAML / KYCSoW/SoF Checks: What Does Good Look Like?
Regulation Asia spoke to financial crime compliance experts about the ongoing effort required to achieve and maintain high standards for source of wealth and source of funds checks.
October 18, 2020 -
629ChinaGBA Regulators Advance Policy Work on Cross-border Mortgages
The HKMA' Edmond Lau says encouraging progress has been made to allow Hong Kong banks to provide cross-border mortgage services in the Greater Bay Area.
October 12, 2020 -
580ChinaSingapore’s iFAST to Launch China Private Fund Manager Business
iFAST Corporation expects to start selling private funds to qualified onshore individual and institutional investors in China in early 2021.
September 29, 2020 -
709ChinaCBIRC Fines Four Banks and Huarong for Violations
Minsheng Bank, Zheshang Bank, Guangfa Bank, Huaxia Bank and Huarong Asset Management were fined a combined 320mn yuan for various violations.
September 8, 2020 -
954EnforcementFINMA Launches Enforcement Proceedings Against Credit Suisse
The proceedings relate to violations identified by a FINMA-appointed auditor in relation to Credit Suisse's observation and security activities, and how these activities are documented and controlled.
September 6, 2020 -
444ChinaCBIRC Penalises Two State-Owned Banks for Violations
Agricultural Bank of China and China Construction Bank were fined more than a combined 90mn yuan and one individual was banned for life.
September 3, 2020
