HK fine for Noah a warning sign for fund firms

Jun 3, 2018

More sanctions related to investment product sales are expected after the Hong Kong unit of Chinese wealth manager Noah was fined last week. Fund houses should be concerned too.

HK fine for Noah a warning sign for fund firms

Hong Kong’s securities regulator last week again showed its readiness to punish firms that break the rules on the sale of investment products by slapping a HK$5 million ($637,000) fine on wealth manager Noah Holdings.

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