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M5.3 earthquake hits east Turkey

A magnitude-5.3 earthquake hit eastern Turkey's Elazig City at 9:37 a.m. on Sunday at a depth of 15 kilometers, according to the Turkish Disaster and Emergency Management Authority.

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Plastic pollutes holy river of India and the sea

India’scapacityofdisposingsolidwasteneedstobeurgentlyenhanced.Plasticwastesinparticularendupintherivers,whicharepollutingtheworld’socean.ResearchersatTheOceanCl

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China steps up oversight of online asset management sector

China’scentralbankhaslaunchedatwo-month-longexaminationintoonlineassetmanagers,Beijing’slateststeptocurbfinancialriskinthe15-trillion-dollarassetmanagementindus

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China may issue new asset management rules soon: analysts

Chinamayunveilnewassetmanagementrulessoonbasedonstatementsfromthecentralbankearlierthismonth,analystssaid.ThePeople'sBankofChina,thecountry'scentralbank,saidonF

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Chinese banks to put greater focus on real economy

TighterfinancialregulationshavepromptedChinesebankstoapportiongreaterresourcestotherealeconomyandimprovetheoverallqualityoffinancialserviceswhilekeepingrisksatc

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Landslide at tourist resort kills 4 in western Indonesia

LandslideshittouristresortinIndonesia'sWestJavaprovince,leavingfourpeopledeadandtwoothersmissing,nationaldisastermanagementagencydisclosedonTuesday.Heavydownpou

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Huawei CEO imposes US$160,000 fine on himself for bad leadership

RenZhengfei,founderandCEOofsmartphonemakerHuaweiTechnologies,hasissuedadocumentcriticalofthepoormanagementamongleadersinthecompanyandimposedafineof1millionyuan(

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China's State Council scraps Shenzhen special economic zone ‘border’

TheStateCouncilhasagreedtowithdrawtheShenzhenSpecialEconomicZonemanagementline,inordertopromotetheintegrateddevelopmentofShenzhencity,ReferenceNewsreported.Thel

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Ambitious asset managers evolve in 'manic fashion'

Risingdemandforwealthmanagementtoolsfromindividualandinstitutionalinvestorsalike,andexpandingfinancingchannelsforenterprises,willmakeChina'sassetmanagementsegme

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Rathbones plots £2bn merger with wealth rival Smith & Williamson

RathboneBrothersisinadvancedtalksabouta£2bnmergerwithSmithWilliamsoninaboldmovethatwouldacceleratetheconsolidationofthew‎ealthmanagementsector.SkyNewshaslearntt

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China strengthens supervision of SOEs' overseas investments

Chinahassteppedupfinancialmanagementofoverseasinvestmentsmadebystate-ownedenterprises(SOEs)ineffortstoimprovereturnsandcontrolrisks,theMinistryofFinancesaidWedn

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China to impose 3% VAT on asset management

Asset managers will be levied with a new 3 percent value-added tax (VAT) for returns on assets under management from January 1 2018, instead of the previously noticed 6 percent rate from July 1, 2017.

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China to impose 3% VAT on asset management

Assetmanagerswillbeleviedwithanew3percentvalue-addedtax(VAT)forreturnsonassetsundermanagementfromJanuary12018,insteadofthepreviouslynoticed6percentratefromJuly1

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EU to reform key information-system management body for interoperability

The European Commission proposed Thursday to strengthen the mandate of the EU Agency for the operational management of large scale IT systems (eu-LISA), enabling the key management body to develop and roll-out technical solutions to make the EU information systems interoperable.

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China's banks to offer better deals amid tightened liquidity

Tighteningliquidityinthemoneymarketduringthepastfewweekshasforcedcommercialbankstoincreasetheinterestratestheyofferforwealthmanagementproducts.Thecentralbankhas

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Chinese firms tackles overseas M&A challenges

Chinese firms get more adept in effectively managing takeovers of foreign companies.

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New risk control regulation brings net capital pressure

The revised Risk Control Indicator Management Method of Securities Companies is about to be implemented. In addition, as external risk tends to be increasing, securities traders will downsize scale of non-active private asset management plan targeting non-standard debt asset.