Hong Kong fund industry tax concerns under review
The Hong Kong Government will be conducting a comprehensive review of the existing tax concessions applicable to the fund industry, according to Paul Chan, Hong Kong’s financial secretary.
Author: Francis Nikolai Acosta
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Partnerships key to growing AUM in India
A strong local partnership is an important part of building up assets under management in India, with eight of the 10 largest fund managers in the country being joint ventures, according to a report from Boston-based research firm Cerulli Associates.
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Thumbs up for Europe’s troubled sector
European banks are more healthy than two years ago, and they pay dividends, according to Richard Brown, London-based client portfolio manager at Janus Henderson Investors.
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T Rowe Price to launch bond funds in Hong Kong
Global investment manager T. Rowe Price plans to sell four fixed income funds to retail investors in Hong Kong for the first time, according to records from the regulator.
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Fullerton and Man Group to launch private funds in China
Singapore’s Fullerton Fund Management and alternatives specialist Man Group have received private fund management (PFM) licences from the Asset Management Association of China.
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China tightens grip on fund industry
Private fund managers in China who raise money from retail investors could face sanctions under provisional regulations released by the country’s state council, according to a circular from the government.
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Financial adviser numbers surge in Malaysia
The number of firms engaged in financial planning in Malaysia has increased by 45% since 2015, while the number of licensed financial planners has grown by around 23%, according to Ahmad Fairuz Zainol Abidin, Malaysia’s Securities Commission deputy chief executive.
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Asia’s wealthy reveal doubts about financial advisers
High net worth individuals in Hong Kong and Singapore are much more aware of the human-related risks associated with wealth advisers compared to their global counterparts, according to a survey conducted by Factset and Scorpio Partnership.
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IMF warns of ‘dangerous’ trajectory for Chinese debt
China’s growth outlook is expected to improve between 2017 and 2021, but the country’s rising debt level skews the figures and raises strong concerns, according to the International Monetary Fund.
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New Hong Kong wealth firm led by ex-UHNW exec
A former UBS director of ultra-high net worth (UHNW) assets is part of a team behind the newly-established DC Wealth Management (HK).
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Malaysia joins fintech race
A fintech accelerator programme, Super Charger, has teamed up with Standard Chartered Bank and Allianz to help foster and develop Malaysia’s fintech market.
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Singapore warns investors on virtual currency investments
As virtual currencies grow in value, investors have been warned about the risks of virtual currency-related investment schemes by Singapore’s Commercial Affairs Department (CAD) and the Monetary Authority of Singapore (Mas).