With the ongoing regulatory developments on Foreign Portfolio Investments (FPI) in India over the past year, HKIFA is delighted to have experts from India to share insights about these changes with our members. 🌐💡
Gazal Rawal from Cyril Amarchand Mangaldas, an Indian law firm, covered the latest relaxations as well as the tightening of the beneficial owner disclosure requirements, and revisions in the regime governing FPIs issuing Offshore Derivative Investment (ODI) and ODI subscribers.
Pourush Kelawala from Kotak Mahindra Bank, a custodian bank, explained the disclosure and reporting requirements, and potential future developments in FPI space.
📢Stay connected with HKIFA for more insights into global regulatory updates!
🌐🤝 HKIFA is pleased to have representatives from our Executive Committee to share the key takeaways of the Financial Secretary-led delegation to Riyadh, Saudi Arabia in October 2024.
Chairman Sam Yu, as well as @Charles Brooke and Charlotte Chan from the Executive Committee, highlighted the key potential areas for strategic partnership between Hong Kong and Saudi Arabia, including opportunities for Hong Kong-domiciled funds, ETFs, fundraising vehicles, pensions development, knowledge sharing and talent exchange.
They all agreed the trip was an eye-opening experience, paving the way for future dialogues and engagements bridging Hong Kong and the Middle East. 🕌💡
HKIFA is delighted to host a webinar on Nov 26 re SFC’s recent circular on deficiencies in managing private funds and discretionary accounts. It was well attended with over 120 participants.
Anthony Wong and Kelvin Fung, representatives from SFC’s Intermediaries Supervision representatives department, shared the key takeaways of the circular, while Winnie Cheung, Vice-chairman of HKIFA’s Regulatory Subcommittee, presented the industry practices on handling conflicts of interest and information disclosure to investors.
The speakers emphasized the importance of governance, robust policies and measures to comply with regulatory requirements – a good reminder for all asset managers to review the existing arrangements and controls.
Stay tuned for more regulatory updates from HKIFA.
HKIFA is delighted to have Baker McKenzie to share with our members the recent key regulatory developments in Asia for asset managers.
Representatives from Baker McKenzie – Karen Man, Masato Honma, Hao-Ray Hu, Benja Supannakul, Eunice Tan, and Sue Wan Wong – provided a comprehensive update on the evolving regulatory landscape in five key Asian markets: Japan, Malaysia, Singapore, Taiwan, and Thailand. Topics ranged from market stability measures, investor protection initiatives, to cross-border investment opportunities.
🔍💼Stay connected with HKIFA for more regional regulatory insights.
HKIFA was pleased to have Jingyuan Shi, Partner at Simmons & Simmons, to share updates about China’s cross-border data transfer rules.
Published in March by the Cyberspace Administration of China, the Provisions to Promote and Regulate Cross-Border Data Flows are more business-friendly in general. Jingyuan gave an overview of the new rules, and discussed the implications for fund managers.
Amid the growing interest in investing in India, HKIFA invited an Indian law firm to share updates on the recent regulatory development in India and the implications for fund managers, particularly on the disclosure requirements set out by the Securities Exchange Board of India for foreign portfolio investors (FPI).
Cyril Shroff and L Viswanathan, Managing Partner and Partner at Cyril Amarchand Mangaldas respectively, provided an overview on FPI, and the requirements on the identification of beneficial owners.
Stay connected with HKIFA for more insights into global regulatory updates!
The latest HKIFA x PWMA webinar series featured Dr. Guo Peiyuan from SynTao Green Finance and China SIF, who shared the findings based on his research report “Top 10 Trends of Responsible Investment in China 2024”, and the broader ESG landscape in China. He also discussed the implications of the new sustainability reporting guidelines for listed companies, which were released by the China stock exchanges for public consultation in February 2024.
Thank you Dr. Guo for his insightful sharing with members of the two associations!
Representatives from the Hong Kong University of Science and Technology and the Securities and Futures Commission provided a demonstration for our members on the recently launched greenhouse gas emission tools last week.
Developed by the HKUST and the Green and Sustainable Finance Cross-Agency Steering Group, the tools help address the ESG data gaps by enabling users, such as small and medium-size enterprises and financial institutions, to calculate or estimate greenhouse gas emissions.
The GHG Emissions Calculation and Estimation Tools are available for free public use here: https://sustainablefinance.org.hk/en/data-technology
HKIFA is delighted to host a webinar with representatives from Simmons & Simmons on retail fund offerings in the Middle East last week.
Muneer Khan, Head of Middle East Region and Eva Chan, Head of the Hong Kong office and Hong Kong Funds Practice from Simmons & Simmons, shared with HKIFA members the regulatory landscape and strategic considerations pertinent to fund distribution in this dynamic region.
Stay connected with HKIFA for more insights into global fund distribution and strategies.
HKIFA webinar – “China PIPL”- practical implementation issues (such as implications to offshore entities, assessments to be conducted, which approaches to choose for outbound transfer, roles of the respective parties in the chain of transfer)
As more guidance has been issued by the mainland regulators re China PIPL recently, we will schedule a webinar at which representatives from Simmons and Simmons will deep dive into the implementation details.
Key learning from the first session of the 14th National Committee of the Chinese People’s Political Consultative Conference and the first session of the 14th National People’s Congress
With the successful conclusion of the two sessions in the mainland, we are very honored to invite Dr. Hon TAN Yueheng, JP, Member, Legislative Council of the HKSAR to share with us his insights re the key learning.
In recent years, China has accelerated the opening-up of China’s financial service sector, releasing a series of new policies and guidelines to provide foreign financial institutions easier access to China market. With the further deepening of financial reform and opening-up, a series of foreign financial institutions continue to increase their investment and business in Beijing. Beijing has also further promoted the facilitation of cross-border investment through QDLP and QFLP pilot program.
To enable foreign institutions to better understand China and in particular, Beijing’s foreign investment implementation policies, Beijing Private Equity Association (北京基金业协会) has lined up Hong Kong Venture Capital and Private Equity Association (香港创业及私募投资协会) and HKIFA to jointly hold Beijing QDLP, QFLP Pilot Program Seminar.