The China Banking and Insurance Regulatory Commission (CBIRC) has introduced new guidelines to encourage foreign institutions to participate in the country’s wealth management market. This would attract them to enter into the onshore market and address shadow banking risks.
The Australian fintech startup founded in 2019 has launched a structured investments platform to enhance investors’ experience and bolster activity in the country’s structured product market.
Some 1,537 products were issued in the retail segment in December, an increase of 24% from the prior month.
The Singapore Exchange €186m acquisition of smart beta index firm Scientific Beta is aimed at strengthening the exchange’s research-based index design capabilities as well as broadening the range of index products and client base.
The Taiwanese structured products market made an impressive recovery at the end of 2019.
The UK private bank will apply a new review process on wealth solutions that seek to be positioned as a sustainable or ESG product on the Standard Chartered platform.
The FSC will announce in March which banks qualify to issue new structured note products after easing the regulatory framework in the country.
Singapore-based Pendulom Capital has launched Altimates, an online derivatives-based investment platform offering blockchain encrypted transactions.
The Australian Securities and Investments Commission (Asic) is seeking feedback on draft guidance covering financial product design and distribution obligations. The new obligations come into effect in April 2021.