Singapore regulator fines Bank J Safra Sarasin S$1m
Bank failed to establish source of wealth and funds of clients and beneficial owners
Author: Nancy Qu
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Vanguard to exit ETF market in Hong Kong
‘Proposed termination of the trust and the sub-funds would be in the best interests of the unitholders’
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Chinese wealth firm files for US IPO
It plans to list on the Nasdaq
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Schroders and Bocom to form wealth management JV in China
Asset manager also plans to establish a stand-alone public mutual fund company on the mainland
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Bank of East Asia expands wealth management offering
It is now targeting Hong Kong investors with HK$5m
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Asian firms join forces to unveil Thai wealth app
Platform will have at least 600 mutual funds from 15 asset management firms in Thailand
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Alliance Bernstein targets China’s retail investors
At least six foreign players have plans to set up mutual fund companies in the country
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Singapore fund manager partners with US-based investment firm
In a bid to roll out a feeder fund to retail investors in the Lion City
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Chinese wealth firm mulls retail fund business
It has also applied for a mutual fund advisory licence in the country
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Tencent reportedly launches fund advisory business in China
Investors will be able to access the service via its social media app
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Canadian wealth firm enters China’s private funds market
Montreal-headquartered company already directly holds a 13.9% stake in China Asset Management
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Chinese investors are in need of financial advice
‘They are frequent traders, not long-term shareholders’