Hong Kong bans gifts as investment incentives
Hong Kong has banned the use of gifts by intermediaries as incentives to make investments.
Industry
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Hong Kong regulator investigates non-exchange traded product sales
Hong Kongs investment regulator is continuing to investigate the product sales of licensed firms
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Just five countries account for 91% of interest in international property: Primelocation
Five countries account for more than 90% of international property searches, Primelocation says.
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F&C poised to complete Thames River deal
F&C Asset Management is to complete its acquisition of Thames River by September 1
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Malaysia’s Advisers Worldwide completes MBO
Malaysian-based IFA Advisers Worldwide has completed a management buyout
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Maltese investment firm in row over 2008 collapse of Jerseys Belgravia fund group
The 2008 collapse of Jersey’s Belgravia funds group has sparked a row in Malta.
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Jersey Finance members to government on tax: keep zero-10
Jersey Finance members express support for zero-10 corporate tax regime, and warn against change.
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Nikko to apply for Hong Kong fund management licence
Japans Nikko Asset Management has opened a Hong Kong office
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Jersey Financial Services Commission criticises Standard Bank for handling of Belgravia funds busin
Jersey’s FSC has strongly criticised two arms of Standard Banks Jersey operation.
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Guernsey and Jersey begin recruiting for Brussels office
Guernsey and Jersey have launched a hunt for two executives to staff their new Brussels office.
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European fund outflows rise in June, says Efama
Outflows from Ucits funds increased in June to 31bn from 23bn a month before
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Peter Neville to head Kleinwort Benson Channel Islands board, as job losses loom on Jersey
Peter Neville has been named chairman of Kleinwort Benson’s Guernsey bank as Jersey jobs are at risk