Chinese lead in $27bn outbound property investment
In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.
In the first half of the year, 60% of Asia’s outbound property investment was from mainland China, according to CBRE Asia-Pacific.
The Hong Kong-based fund manager Value Partners Group has revealed a large drop in assets under management, revenue, net profit and earnings per share for the first half of 2016, while announcing new hires and a new UK office.
Hong Kong’s life insurance market cannot sustain the high level of growth it has seen in recent years due to weak domestic demand and new regulations imposed by the Chinese government, a report by credit rating firm A.M. Best has found.
The Shanghai-based wealth manager Noah Holdings has set up a trust with international service provider JTC in Jersey to address the increasing succession planning needs of its high net worth clients in China.
Talks to sell ING’s South Korean life insurance arm have been extended prompting fears the sale could be in jeopardy, local media reports suggest.
One year on from China’s surprise currency devaluation, there is still room for a further gradual depreciation of the renminbi against the US dollar, said Jade Fu, investment manager at Heartwood Investment Management.
China’s regulators have formally approved the Shenzhen-Hong Kong Stock Connect, which was expected to launch last year.
South Korea’s major life insurers reported lower profits for the first half of the year due to the prolonged rock-bottom interest rate environment and economic slowdown.
International pension provider IVCM said an Australian superannuation plan it runs in conjunction with Tidswell Financial Services had received confirmation from HM Revenue & Customs that it will appear on the official Recognised Overseas Pension Schemes (Rops) list shortly.
Jack Howell, the former chief executive of Asia for Italian insurer Generali, is to join his former boss Mario Greco at Zurich as chief executive of Asia Pacific.
One year after the surprise yuan devaluation and subsequent market crash, $4.5bn has flowed out of funds focused on China equities, according to data from Morningstar.
A strong second quarter saw Singapore’s life insurance industry report 13% growth in new business premiums between January and June 2016, with single premiums up 28% compared with a year ago.