Managers of Ucits funds remain unsure whether they will be hit with a bonus cap, and it’s high time for this bad idea to be killed off, says Dan Waters of trade body ICI Global.
HKEx considers liberalising Stock Connect rules; Fed hints algo-trading caused flash crash; Taiwan reforms offshore fund rules; ARFP's tax hurdles highlighted; and non-residents to pay British CGT.
HKIFA names new chair; Natixis Global AM replaces Taiwan head; Avenue Capital hires duo from PAG; Bennelong makes senior appointments; Jersey Finance appoints HK director; and ICI Global names chief counsel.
Mutual funds do not threaten financial stability, investment industry group ICI argues in a letter it will submit today to supranational body the Financial Stability Board.
China said mulling Fatca-like scheme; QFII/RQFII ownership rules eased; mutual recognition requirements "agreed"; HK SFC warns on Fatca; UK tax to hit foreign property investors; ICI Global publishes research.
Yang Qiumei’s international experience and relationships will be crucial to her role as head of the fund-focused regulatory trade body’s new Hong Kong office.