Daily economic round-upBY PETER BELL | MONDAY, 28 AUG 2006 12:32PMChina has continued to lower the requirements for international investors wanting to access its so-called A grade stockmarkets in Shanghai and Shenzhen. The current level of foreign investment is presently $10 billion. Qualified Foreign Investors Status(QFII) has been relaxed so that, for instance, in the case of insurance companies, they must exist for five years before they are eligible for QFII as opposed to 30 years as was the existing requirement. AMP is the only Australian company to have reached this status. |
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Munro completes GSFM acquisition
Munro Partners has completed its acquisition of GSFM Funds Management, consolidating its Australian distribution and funds management operations as it enters a new phase of its partnership with Canadian investment manager CI Global Asset Management (CI GAM).
Perpetual awards OTC reporting mandate
Perpetual Corporate Trust has selected a service provider to provide independent reconciliation and oversight of over-the-counter derivative reporting across funds for which it acts as trustee and responsible entity.
ASIC issues serious and final warning on lead generation
Financial advice licensees risk losing their licence if they fail to adequately oversee lead generation arrangements, the financial regulator has warned.
Drummond hires from Ascalon, HUB24
Drummond Capital Partners has expanded its national team with two senior appointments, following the launch of its tailored investment solutions last year.
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