Yifangda Chairman Liu Xiaoyan Serves as Part-time President of the New Board of Directors of the Asset Management Association of China
The China Asset Management Association has appointed Liu Xiaoyan, chairman of E Fund Management, as its new part-time president. In other news, Huasheng Securities announced it will suspend new trading activities and deposits for mainland Chinese clients starting June 15th, adhering to regulatory requirements for cross-border securities business. This move follows similar announcements from other cross-border brokerages like Futu, Tiger, and Changqiao, as they adjust their services in mainland China. AI
IMPACT Regulatory actions and leadership changes in financial associations may indirectly impact AI adoption in financial services.