Offshore legal adviser expands into China
Offshore law firm Harneys has added a fourth Asian outpost after opening a fully operational office in Shanghai.
Asia
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This time lucky for Japanese equities?
The re-election of Shinzo Abe as prime minister in September has triggered a surge in inflows to Japanese equities. Is Japan’s recent streak of strong performance set to continue or are we witnessing yet another false dawn?
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How peer review improves advice
Putting every piece of advice through its “four eyes approach” ensures quality and healthy debate, David Benskin, director of Strabens Hall Hong Kong, told International Adviser.
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Majority of Asia’s rich overlooking succession planning
Asia’s wealthy cross border families are largely unprepared to transfer wealth to the next generation according to research.
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New Zealander extradited to face boiler room charges
Authorities in Australia have extradited a New Zealander to face charges that he allegedly defrauded 21 victims, including pensioners, to the tune of A$1.2m (£686,930, $914,550, €772,380).
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Global life premiums growth led by Asia acceleration
Global life premiums growth in 2018 and 2019 will continue to be carried by the strong performance of emerging markets, in particular China, as advanced markets continue to experience sluggish growth, according to a report by Credit Suisse.
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HSBC fined record HK$400m for Lehman Brothers-related failures
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
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Chinese regulator sanctions firms for dodgy insurance products
China’s insurance regulator has banned three life insurance firms from applying for permission to sell new products for six months, after it found they had been offering “problematic” policies.
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Analysis: Advisers in Asia are branching out
Shifting demographics and regulation have created greater overlap between the domestic and expat advisory markets, with firms across Asia eyeing opportunities on both sides of the street.
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UBS AM launches onshore fund in China
UBS Asset Management’s Shanghai-based wholly foreign-owned enterprise (WFOE) has launched an onshore equity fund for domestic high net worth individuals and institutional investors in China.
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Just Service Group partners with Montpelier China
Fintech firm Just Service Group has inked a partnership deal with advisory firm OFS Asia, better known as Montpelier China, which it describes as one of Asia’s oldest established IFA businesses.
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Hong Kong regulator restricts use of ‘independent’
Hong Kong will introduce a code of conduct that will restrict asset management intermediaries from being able to use the term “independent” if they receive benefits from other parties.