Liquidity concerns over private equity assets may drive the demand for open-ended funds, but understanding the vehicles’ underlying assets is paramount.
Fund firms, broker-dealers and investment advisers can help plug gaps in Hong Kong’s responsible officer regime, says Julia Leung of the Securities and Futures Commission.
A veteran of Hong Kong’s Securities and Futures Commission, Christina Choi will oversee investment products, in the culmination of a long-running saga. But there remains a question over coverage of China activities.
Three JP Morgan units have been reprimanded and fined a total of HK$30 million for regulatory breaches and/or internal-control failings in Hong Kong.
Gong Yueyue received the ban in Hong Kong for accepting HK$100,000 to revise upwards a target share price in a research report.
An appeal court ruling overturning a conviction for unauthorised advertising has major implications for hedge funds in Hong Kong, says the lawyer who eventually won the case.