China is planning to merge two schemes aimed at foreign institutional investors and add derivatives to the list of products they can invest in, as Beijing moves to further open up the country’s capital markets.
Published by Asia Asset Management – 16th Jan 2019
China has doubled the quota for a scheme that allows foreign institutional investors to invest in its capital market, the first increase in four years as Beijing moves to further loosen regulatory controls.
The Productivity Commission (PC) may have been tasked with addressing the competitiveness and efficiency of superannuation but its final report had financial planners squarely in its sights impacting approved product lists (APLs) and specialist training for self-managed superannuation fund (SMSF) advisers.
The National Australia Bank board has moved to push its senior executives away from short-term remuneration objectives, announcing a key set of changes to the Australian Securities Exchange (ASX) late yesterday.
AMP Limited, the National Australia Bank (NAB) together with ANZ, Bendigo Bank and the Australian Prudential Regulation Authority (APRA) will be the focus of attention for the Royal Commission’s final week of hearings starting in Melbourne today.
On top of having a QDLP licence, the Korean firm has received a private fund management (PFM) licence from the Asset Management Association of China (Amac), according to the agency’s records.
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