அல்வின் லி News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Stay updated with breaking news from அல்வின் லி. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Top News In அல்வின் லி Today - Breaking & Trending Today
MRF southbound fund subscriptions plunge 68.31% | Asia Asset Management asiaasset.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from asiaasset.com Daily Mail and Mail on Sunday newspapers.
Hong Kong will pay 70% of expenses incurred in setting up open-ended fund companies and property trusts via a new grant that is open to firms incorporated or re-domiciled in the city, and locally-listed real estate investment trusts with a minimum market capitalisation of HK$1.5 billion (US$192 million). The HK$270 million grant was announced in Hong Kong’s 2021/2022 budget on February 24. The Securities and Futures Commission (SFC) outlined the eligibility and other details in a statement on May 10. “It covers 70% of eligible expanses paid to Hong Kong-based service providers, subject to a cap of HK$1 million per [open-ended fund company] and HK$8 million per REIT,” the regulator says. ....
China granted US$9.02 billion of fresh quota for foreign investments to 21 fund managers, banks and securities firms, the third in three months under the Qualified Domestic Institutional Investors (QDII) programme. A total $8.15 billion of quota was granted to 14 fund managers, including China Southern Asset Management and Harvest Fund Management, and $870 million to seven banks and securities firms, including Citibank (China) and Hang Seng Bank (China). They were awarded by the State Administration of Foreign Exchange (SAFE), the supervisor of China’s foreign reserves, which made the announcement in a statement dated January 13 published on its website. The QDII programme allows domestic institutions and fund managers to invest in offshore assets within allowable quotas. ....