AIMR Warns Over Lack Of Transparency In Mainland Chinese Markets
Speaking in Hong Kong this week, president and chief executive of the Association
of Investment Management and Research (AIMR), Thomas Bowman warned that the
organisation (which administers the Chartered Financial Analyst examination)
will not hesitate to withdraw from mainland China if it is prevented from enforcing
its rules on members there. The South China Morning Post reported that, citing concerns over a lack of
transparency in the Chinese markets, Mr Bowman announced that: "I've made it clear that while our organisation welcomed [mainland investment
professionals], if we failed to enforce our rules on our members because of
official intervention, we reserve the right to stop doing business there." He went on to add that: "It would be difficult for us to investigate cases of unethical behaviour
involving our members if their employers or the government for whatever reasons,
were preventing us from doing our job." .
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