01/07/2014
China and Luxembourg scale up cooperation in asset management
p { margin-bottom: 0.1in; direction: ltr; color: rgb(0, 0, 0); line-height: 120%; }p.western { font-family: «Liberation Serif»,"Times New Roman»,serif; font-size: 12pt; }p.cjk { font-family: «Droid Sans Fallback"; font-size: 12pt; }p.ctl { font-family: «FreeSans"; font-size: 12pt; }a:link { } After the international alternative management association (see Newsmangers of 30 June 2013), the Luxembourg investment fund association (ALFI) has become the next to strengthen its relationships with Chinese asset managers. In a statement released on Monday, 30 June, ALFI announced that it has signed an agreement with the Association for asset management in China (AMAC), designed to deepen collaboration between the two associations. The idea is to place the emphasis on reciprocal development of activities, in order to create new opportunities for the fund industry in the two countries, ALFI says in a statement. The two associations plan to improve their cooperation in three areas: regular communication, exchange of information, and the development of services for members. This collaboration will include the exploration of the possibility of setting up joint events (meetings, visits, seminars, etc); mutual assistance and exchange of information concerning the evolution of regulatory frameworks and practices related to the protection of investors in the fund industry; and lastly, the exploration of opportunities for mutual memberships and the organisation of professional events for signatory organisations.
