A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.
Insurance linked products in Asia look set to benefit from capital adequacy rules according to consultants.
Troubled Hong Kong financial advice firm Convoy Global is suing 28 people for more than HK$4bn, including former chairman Quincy Wong Lee-Man and former director Roy Cho Kwai-chee who is believed to have fled the country.
Nervous Australian millionaires are increasingly turning their backs on financial advisers and hanging onto excess cash, according to a new study.
Convoy Financial Services, the recently raided Hong Kong financial advisory firm that saw multiple senior executives arrested, plans to restore investor confidence by spending big on hiring more advisers and paying a retention bonus.
Life insurers and advisers in Asia had to deal with regulatory overhaul, squeezed margins and shifting demographics, but while some have departed, partnerships and innovation have helped others stay ahead.
Manulife is to join forces with the Agricultural Bank of China to explore potential business opportunities in retirement and related businesses in China.
Hong Kong’s financial services firms can expect greater regulatory scrutiny as an unprecedented joint probe by the Independent Commission Against Corruption (ICAC) and the Securities and Futures Commission (SFC) paves the way for future investigations.
Enthusiasm for investing in China has never been higher than in 2017 and fears of a slowdown have largely receded from public discourse. But have investors taken their eye off the region just when it matters most?
An Australian court has fined a former Commonwealth Bank of Australia (CBA) financial planner just A$3,000 for forging 33 documents but stopped short of recording a formal conviction against him.
Hong Kong’s equity market is likely to see a slowdown in mainland investment next year due to some new regulations and the proposed US tax reform could hit the technology sector, said Victoria Mio, co-head of Asia-Pacific equities and chief investment officer for China at Robeco.
Zurich Insurance Group has entered into an agreement to acquire 100% of ANZ Bank’s Australian life insurance business.
