SFC reappoints Ashley Alder as CEO
25 April 2017, Investment Funds, Newsletter

Hong Kong’s SFC has reappointed Mr Ashley Alder as its Chief Executive Officer for another three-year term effective from 1 October 2017.  Mr Alder was first appointed as the… LEARN MORE

SFC compliance and licensing hints

Licensee banned for six months from taking orders using WeChat and a mobile phone On 20 March 2017, the SFC banned a licensed person from re-entering the industry for six months… LEARN MORE

The SFC’s internal control guidelines in a nutshell

As the due date for licensed corporations to submit their Managers-In-Charge (MICs) details to the Securities and Futures Commission (SFC) is approaching (17 July 2017), it is… LEARN MORE

Mainland China briefing
25 April 2017, Investment Funds, Newsletter, by Yang Shen,

China market review In 2016, the PRC domestic funds industry saw rapid growth, largely driven by mandates from PRC banks that launched wealth management products. This trend has… LEARN MORE

SFC concludes consultation on position limits

On 21 March 2017, the Securities and Futures Commission (SFC) released its Consultation Conclusions on Proposed Enhancements to the Position Limit Regime and Associated Amendments… LEARN MORE

Enforcement action taken for anti-money laundering failures

Money laundering has been a high profile area of focus for regulators internationally in recent years, with some eye-watering fines being meted out to many well-known financial… LEARN MORE

Hong Kong’s budget 2017-2018 tax proposals: more of the same, reheated
07 April 2017, Tax, Newsletter, by Stefano Mariani,

Hong Kong’s budget 2017–2018, delivered on 22 February 2017, once again evidences the limited creativity of the government in addressing the increasingly complex challenges faced… LEARN MORE

New measures imposed by SAFE on cross-border capital flow

In January 2017, China’s foreign exchange reserves fell below USD 3 trillion to hit a 5-year low. In the same month, the State Administration of Foreign Exchange (SAFE) of China… LEARN MORE

“Is this for real?”

Discrimination against breastfeeding in public The issue of discrimination against breastfeeding in public and at workplace surfaced again recently after a taxi driver has posted… LEARN MORE

MPF Default Investment Strategy launched on 1 April 2017

What is Default Investment Strategy (DIS)? The DIS is a new legislative reform of the Mandatory Provident Fund (MPF) system under which all MPF trustees are required to provide… LEARN MORE

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