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#HKREITA welcomes the inclusion of real estate investment trusts (#REITs) in the Stock Connect regime announced by the China Securities Regulatory Commission and Hong Kong market regulators on Friday, 19 April. This measure is part of the initiatives aimed at further expanding mutual market access between the Mainland and #HongKong. HKREITA believes that the inclusion of REITs will increase investment alternatives and diversify stable income options for Mainland China and Hong Kong investors, while attracting more capital to the Hong Kong market. HKREITA will work closely with relevant parties in both markets to foster market development and education to encourage wider participation in the scheme. Inclusion of REITs into the Stock Connect regime was one of the policy recommendations HKREITA made to the Hong Kong authorities for promoting the growth of the REIT industry. HKREITA is pleased that the authorities positively responded to market requests. Learn more about our work: https://hkreita.com #StockConnect #MutualMarketAccess

The Financial Services Agency, Japan (JFSA, 金融庁) has published an English version of the "Overview of Revision Proposals for the Financial Instruments and Exchange Act and Act on Investment Trusts and Investment Corporations" Objective: Develop a new system for #assetmanagement business, large shareholding reports and tender offers to revitalize the Japanese capital market by enhancing the capability and diversification of AM business and promoting dialogue between investors and companies and ensuring transparency and fairness in the market

In this interview, Gillian Koh Tan, former Executive Director of Financial Markets Development at the Monetary Authority of Singapore (MAS), discusses the design and strategy behind the novel Singapore Variable Capital Company (#VCC) framework. A corporate structure designed for #investment funds, the VCC offers operational flexibility and a competitive tax regime. Unlike other fund structures in Singapore, the VCC allows for varying share capital without shareholder approval and can pay dividends from capital. It is suited for both open-ended and closed-end funds across traditional and alternative sectors. The VCC framework is part of Singapore’s strategy to strengthen its position as a leading fund management hub, particularly in #alternatives. Tan notes that while other Asian fund jurisdictions are also launching similar structures, the VCC is designed to complement existing options and expand Singapore’s offerings. Looking ahead, MAS anticipates that the VCC will encourage fund managers to set up new funds in #Singapore and redomicile existing foreign funds, thus growing Singapore’s fund servicing ecosystem. The central bank is also exploring the possibility of converting existing fund structures to VCCs. Interview by Funds Europe. Read our summary or the full interview at the link below. Follow Straits Assets (Singapore) now for more curated insights! A Straits42 Group company. https://lnkd.in/gRpiNH_w

Hong Kong SFC issues 6-year restriction on Zuo Ping to access Hong Kong securities market from 2024(15/11/24) to 2030 (14/11/30) with a cold shoulder order for breaching mandatory general offer obligation in CBK Holdings, increasing her shareholding from 0% to 30.22% in 2023 November but did not make a general offer for CBK Holdings despite triggering the mandatory offer requirement.   Read - https://lnkd.in/gfE-p2yS follow Caproasia | Driving the future of Asia The Hong Kong Securities and Futures Commission (SFC) has issued a 6-year restriction on Zuo Ping to access Hong Kong securities market from 2024(15/11/24) to 2030 (14/11/30) with a cold shoulder order for breaching mandatory general offer obligation in CBK Holdings, increasing her shareholding from 0% to 30.22% in 2023 November but did not make a general offer for CBK Holdings despite triggering the mandatory offer requirement.   Hong Kong SFC (15/11/24): “The Securities and Futures Commission (SFC) publicly censured and imposed a six-year cold shoulder order (Note 1) against Ms Zuo Ping for breaching the mandatory general offer obligation under the Takeovers Code (Note 2).  Zuo made a number of acquisitions and disposals of shares in CBK Holdings Limited (CBK) on the market between 2 November 2023 and 20 November 2023. As a result of these transactions, her shareholding interest in CBK increased from 0% to 30.22% of CBK’s then issued share capital on 20 November 2023, triggering a mandatory general offer obligation under Rule 26.1 of the Takeovers Code. She did not make any general offer for CBK’s shares at that time.  Zuo acknowledged her breach of the Takeovers Code, depriving CBK’s shareholders of the right to receive a general offer for their shares, and agreed to the disciplinary action. Zuo’s conduct falls short of the standards expected of her and amounts to a disregard of one of the most fundamental provisions of the Takeovers Code, which merits strong disciplinary action.  Parties wishing to take advantage of the securities markets in Hong Kong should conduct themselves in accordance with the Codes on Takeovers and Mergers and Share Buy-backs. This includes seeking professional advice as needed. If there is any doubt about the application of the Codes, the Executive (Note 3) should be consulted at the earliest opportunity ... ...

𝐍𝐨𝐰 𝐦𝐚𝐲 𝐛𝐞 𝐭𝐡𝐞 𝐭𝐢𝐦𝐞 𝐭𝐨 𝐫𝐞𝐜𝐨𝐧𝐬𝐢𝐝𝐞𝐫 𝐂𝐡𝐢𝐧𝐚. As one of the most renowned asset managers in China, we provide a unique level of research capabilities as well as a nuanced understanding of local markets. We offer active strategies to seek alpha and passive strategies for simplicity, all designed to position our clients for potential growth with China's key industry pillars. Discover more about the strategies: https://lnkd.in/g2KsewA4 #ChinaAMCHK #GreaterChinaEquity #ETF #MutualFunds Investment involves risk, including possible loss of principal. The information contained herein does not constitute an offer or invitation to anyone to invest in any funds and has not been prepared in connection with any such offer. The material has been prepared and issued by China Asset Management (Hong Kong) Limited and has not been reviewed by the Securities and Futures Commission.

Hong Kong SFC issues 6-year restriction on Zuo Ping to access Hong Kong securities market from 2024(15/11/24) to 2030 (14/11/30) with a cold shoulder order for breaching mandatory general offer obligation in CBK Holdings, increasing her shareholding from 0% to 30.22% in 2023 November but did not make a general offer for CBK Holdings despite triggering the mandatory offer requirement.   Read - https://lnkd.in/gZFUH5Q9 follow Caproasia | Driving the future of Asia The Hong Kong Securities and Futures Commission (SFC) has issued a 6-year restriction on Zuo Ping to access Hong Kong securities market from 2024(15/11/24) to 2030 (14/11/30) with a cold shoulder order for breaching mandatory general offer obligation in CBK Holdings, increasing her shareholding from 0% to 30.22% in 2023 November but did not make a general offer for CBK Holdings despite triggering the mandatory offer requirement.   Hong Kong SFC (15/11/24): “The Securities and Futures Commission (SFC) publicly censured and imposed a six-year cold shoulder order (Note 1) against Ms Zuo Ping for breaching the mandatory general offer obligation under the Takeovers Code (Note 2).  Zuo made a number of acquisitions and disposals of shares in CBK Holdings Limited (CBK) on the market between 2 November 2023 and 20 November 2023. As a result of these transactions, her shareholding interest in CBK increased from 0% to 30.22% of CBK’s then issued share capital on 20 November 2023, triggering a mandatory general offer obligation under Rule 26.1 of the Takeovers Code. She did not make any general offer for CBK’s shares at that time.  Zuo acknowledged her breach of the Takeovers Code, depriving CBK’s shareholders of the right to receive a general offer for their shares, and agreed to the disciplinary action. Zuo’s conduct falls short of the standards expected of her and amounts to a disregard of one of the most fundamental provisions of the Takeovers Code, which merits strong disciplinary action.  Parties wishing to take advantage of the securities markets in Hong Kong should conduct themselves in accordance with the Codes on Takeovers and Mergers and Share Buy-backs. This includes seeking professional advice as needed. If there is any doubt about the application of the Codes, the Executive (Note 3) should be consulted at the earliest opportunity ... ...

🚀 Revitalizing Hong Kong's Financial Landscape! We are excited to share the HKCMP's 2024 Policy Address Recommendations on Capital Market Reforms in Hong Kong. This pivotal document outlines our strategic approach to overcoming current challenges and enhancing Hong Kong’s position as a global financial hub. From reducing IPO timelines to fostering innovation, we detail key reforms designed to boost market vitality and competitiveness. 📑 Explore our comprehensive recommendations and join us in shaping a dynamic future for Hong Kong’s capital markets. Your insights and support can truly make a big difference! #HKCMP #Finance #HongKong #CapitalMarkets #MarketReform #Innovation #IPO #EconomicDevelopment

Value Partners founder Cheah Cheng Hye plans to give up his co-chairman role as GF Securities Co. reshuffles the senior ranks at the Hong Kong asset manager after becoming the biggest shareholder a year ago. Cheah, who co-founded the firm in 1993, has recently notified select senior members of the boutique fund manager of his decision. This came after Guangzhou-based GF Securities last month appointed its own executive directors in a board revamp, replacing Louis So, who also plans to leave after more than a decade at the firm. The moves are planned for January next year. Chinese brokerages, including Citic Securities Co. and Haitong Securities Co., have been tightening control over their Hong Kong operations as they aim to expand beyond their domestic market and mitigate risks-taking. The increased scrutiny has introduced hurdles to decision-making, while pay disparities between staff in Hong Kong and China have caused friction and prompted departures. #china #valuepartners #peoplemoves #hk #chinatightening #chinesebrokerages

We are all familiar with paying an entry fee to join a mega party. On top of this fee, if you are also being asked to pay a fee when you leave or to simply stay in the party, would you think this is fair? Now imagine these additional fees to be akin to subscription and redemption fees - charges for holding on to and withdrawing from your Unit Trust / Mutual Fund investments. This is exactly what many investors are paying, alongside other hidden ongoing charges fund managers pay to distributors as long as investors hold onto their investments. Check out our cheatsheet on all that you need to know about fund fees: https://lnkd.in/gKc8zgRC #Endowus #finance #unittrust #investing #money Investment involves risk. Past performance is not an indicator nor a guarantee for future performance. Projected performance is not guaranteed. Please refer to our full disclaimer at https://sg.endow.us/mas. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Asset Value Investors launches open-ended version of £200m Japan Opportunity trust. Joe Bauernfreund. Asset Value Investors has launched the open-ended offering of its £200m Japan Opportunity trust, which focuses on Japanese small-cap equities. Check out Valeria Martinez’'s latest article 👇 https://incm.pub/49NeGtm #investment #investmentmanagement #wealthmanagement #finance