A regular round-up of compliance news, such as fines, permissions, new technology solutions to make tracking risks easier, and other developments.

Value Partners
Hong Kong-listed Value Partners announced yesterday that the Asset Management Association of China has granted its subsidiary, Value Partners Investment Management (Shanghai), with clearance to advise clients in mainland China.

AMAC has granted what is called an Investment Advisory Qualification, enabling Value Partners Shanghai to provide investment advisory services on private asset management products to eligible third-party institutions in mainland China, Value Partners said in a statement. 

“With this qualification, we will extend our co-operation with institutions like securities and futures firms, banks, insurers, trusts and wealth management companies, to offer investment advisory services on their issued private fund products,” Yu Xiaobo, investment director and head of China Business, said.

Value Partners has invested in the Greater China equities market for more than a quarter of a century. In 2017, Value Partners Shanghai started its private fund business in the mainland, offering its own products and services for the onshore investors.