China
Stricter suitability requirements to roll out in China
All products that mainland Chinese can invest in will have to meet newly-introduced suitability requirements starting July 1.
Hong Kong’s new Insurance Authority eyes mis-selling crackdown
Hong Kong’s new insurance regulator plans to work closely with its mainland China counterpart to protect consumers when it officially takes over from the Office of the Commissioner of Insurance (OCI) on 26 June.
China’s regulator zeroes in on fund performance fees
The China Securities Regulatory Commission (CSRC) has proposed new rules that require an asset management firm to inject at least RMB 10m (£1.16m, €1.33, $1.5m) into mutual funds that levy a performance fee.
Vanguard to target retail investors in China
US mutual fund giant Vanguard has launched a wholly-owned operation in China to target the fast-growing retail investment market in the world’s second largest economy.
Five views on Moody’s downgrade of China
Asset managers comment on Moody’s decision to lower China’s sovereign credit rating by one notch to A1 from Aa3, with stable outlook.