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Top related persons:
Shanghai Minghong - 1 Ryan Woo - 1 Tina Qiao - 1 Kirsten Donovan - 1 Aly - 1 shortsellers - 1 Yuan Yuwei - 1 Yang Tingwu - 1
Top related locs:
Shanghai China BEIJING Pudong Shenzhen Winton Beijing
Top related orgs:
Shanghai Minghong Investment Management Co - 2 Shanghai - 2 Thomson - 2 Asset Management Association of China - 1 China Securities - 1 Shanghai Minghong - 1 Shanghai Stock Exchange - 1 REUTERS - 1

Search resuls for: "Shanghai Minghong Investment Management Co"


2 mentions found


☆ Chinese hedge fund punished for "inappropriate" staff behaviour -AMAC
  + stars: | 2023-09-30 | by ( ) www.reuters.com   time to read: +1 min
BEIJING, Sept 30 (Reuters) - Shanghai Minghong Investment Management Co, one of China's largest quantitative hedge funds, has been banned from registering new products for three months due to "inappropriate" staff behaviour, the Asset Management Association of China said. Shanghai Minghong failed to conduct effective internal control over issues such as employees' "inappropriate comments" about the company's peers on social media and failed to promptly urge them to make rectifications, the association said in a statement dated Sept. 29. The measures against Shanghai Minghong, established in 2014, come as the sector rapidly expands, with total funds managed nearly doubling to more than 1.08 trillion yuan ($148 billion) in 2021 from a year earlier, according to industry estimates. Shanghai Minghong could not be immediately reached for comment on Saturday due to a public holiday in China. ($1 = 7.3010 Chinese yuan renminbi)Reporting by Ryan Woo and Tina Qiao; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Shanghai Minghong, Ryan Woo, Tina Qiao, Kirsten Donovan Organizations: Shanghai Minghong Investment Management Co, Asset Management Association of China, China Securities, Shanghai Minghong, Shanghai, Thomson Locations: BEIJING, Shanghai, China
☆ Exclusive: China scrutinizes quant strategies as market weakness stokes public anger - sources
  + stars: | 2023-09-21 | by ( ) www.reuters.com   time to read: +4 min
A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. Separately, the Shanghai and Shenzhen stock exchanges, under the CSRC's guidance, have sought information from major quant funds on their money-making strategies, another source said. The weakness has triggered finger-pointing in social media, as well as criticism from fund managers and retail investors against these quant funds and short sellers. Short-selling activities by quant funds could also be caught in the crossfire, he said. Another brokerage source said the CSRC asked them to elaborate on the size of their quant clientele and whether quant trading had impacted recent stock market.
Persons: Aly, shortsellers, Yuan Yuwei, Yang Tingwu, Shri Navaratnam Organizations: Shanghai Stock Exchange, REUTERS, Rights, China Securities Regulatory Commission, Global, Sigma, Huatai Securities, China's, Quant Investment, Yanfu Investments, Shanghai Minghong Investment Management Co, Wisdom Asset, Tongheng Investment, Shanghai, Thomson Locations: Pudong, Shanghai, China, Shenzhen, Winton, Beijing
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