In September's issue, we have included:     

Australia

• Government consults on reforms to foreign investment review framework

Cayman Islands

• Economic Substance Guidance Notes V3.0 issued
• Regulator issues new rules regarding regulated funds

China

• CSRC and PBOC launch connect scheme between CIBM and exchange bond market

Hong Kong

• SFC issues quarterly report
• Government welcomes passage of Limited Partnership Fund Bill
• Inland Revenue Department issues departmental interpretation and practice notes on profits tax exemption for funds
• Prudential measures for mortgage loans on non residential properties

Japan

• FSA creates new permit system so that foreign managers can temporarily operate their business in Japan as a BCP
• Bill introducing financial services intermediary business and classification of fund transfer services passed by National Diet

Korea

• New bill on supervision of financial conglomerates moves ahead for enactment
• Government approves revisions to Financial Investment Services and Capital Markets Act

Singapore

• Variable Capital Companies (Amendment No. 2) Regulations 2020 and Variable Capital Companies (Consequential Amendments to Other Acts) Order 2020 gazetted
• Additional loan and cashflow support for landlords and businesses affected by COVID 19
• MAS consults on Environmental Risk Management Guidelines for Financial Institutions

Lastly, we would like to thank our committee who helped putting together the newsletter. Details about this committee can be found here.

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.19% in August 2020. The ACOE includes 19 funds with a total GAV of AUD 111.18 billion.

The ACOE index also reports data on geographic allocation by sectors.

Please contact Daisy Huang or Sebastian Ramirez if you have any questions regarding the Index.

The Q2 2020 ANREV ODCE Fund Index - Open End Diversified Core Equity (ODCE) results were released today and show a total return of  2.51%.

Please provide feedback and comments to Kip Kong or Amélie Delaunay.

ANREV Chairman, Nicholas Loup, steps down after 12 years - hands over Deputy Chair Williem de Geus. 

Stephen Tross appointed as new Deputy Chairman. 

The ANREV Australia Core Open End Fund Monthly Index (ACOE) saw a total return of 0.17% in July 2020. The ACOE includes 19 funds with a total GAV of AUD 110.87 billion.

The ACOE index also reports data on geographic allocation by sectors.

Please contact Daisy Huang or Sebastian Ramirez if you have any questions regarding the Index.