News

Consultancy ComplianceAsia sets up Shanghai office

Regulatory_reportingComplianceAsia, which offers advice on regulatory compliance in the finance sector, has established a wholly foreign-owned entity (WFOE) in Shanghai. The company says the office, its third in the Asia-Pacific region, will help clients that are based in or trying to expand in mainland China. “We have seen a significant increase in demand for compliance advice from both mainland Chinese financial institutions and asset managers, as well as foreign institutions,” said Philippa Allen, chief executive. China has seen a proliferation of small and mid-sized asset managers recently, she added. Many have registered with the Asset Management Association of China (AMAC), a self-regulatory body for fund managers in the country. “However, the rules and regulations applicable to AMAC members are relatively new and guidance on related compliance issues are highly sought after,” she said. Alex Duperouzel, managing director, will head the Shanghai office. He said, “After 15 years of operating in Hong Kong and Singapore, we believe that entering mainland China is the right move.” ©2018 funds global asia

Executive Interviews

INTERVIEW: Giving peace a chance

Jan 11, 2019

As US-China tensions escalated in 2018, the leaders of the two economies met in Buenos Aires to agree a truce. Aidan Yao, senior emerging Asia economist at Axa Investment Managers, talks to Romil...

INTERVIEW: Operational challenges

Jun 09, 2018

Caroline Higgins of Northern Trust tells George Mitton about A-share inclusion, ETF Connect and why Cayman funds predominate in the region.

Roundtables

HONG KONG ROUNDTABLE: A sunny picture

Jan 11, 2019

Changes to regulation, US-Sino trade tensions and further steps by China to open its capital markets were some of the topics discussed by our panel. Chaired by Romil Patel in Hong Kong.

SINGAPORE ROUNDTABLE: Optimism versus caution

Oct 23, 2018

The impact of financial technology, developments in Asian passporting and the promise of new markets in Thailand were among the topics discussed by our panel. Chaired by George Mitton in Singapore.