Zurich sells general insurance operations in Taiwan
Zurich Insurance Group has sold its general insurance operations in Taiwan as part of its efforts to reshape its global organisation and stem a decline in profitability.
Zurich Insurance Group has sold its general insurance operations in Taiwan as part of its efforts to reshape its global organisation and stem a decline in profitability.
The Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission have signed an agreement to facilitate the development of cross-border financial technology (fintech) businesses.
The Federation of European IFAs has entered into a new partnership with Hong Kong-based Legacy Trust Company.
After recent oil ETF launches by China’s CSOP and Samsung AM in Hong Kong, Mirae Asset Global Investments has followed with its own product.
Schroder Investment Management (Hong Kong) and State Street Global Advisors have been fined by Hong Kong’s Securities and Futures Commission (SFC) for two separate regulatory breaches.
Hong Kong regulations require human involvement rather than an automated process in order to provide wealth management services, said iFast Financial (HK) chief operating officer Kelvin Yip.
For the third time since 2013, the US index provider rejected the inclusion of China A-shares in its flagship emerging market indices, highlighting key unresolved issues.
Samsung Asset Management has launched Hong Kong’s first leveraged and inverse ETFs.
The Monetary Authority of Singapore (MAS) has announced plans to set up a new department to centralise and strengthen its enforcement capabilities.
Singapore is expected to overtake London as the world’s second largest offshore financial centre by 2020, a new report suggests.
The Australian corporate regulator has decided to prosecute a financial advisory business for alleged breaches of a new law which requires firms to ensure their advisers put the interests of clients first.
FWD Group, the insurance arm of Asia-based Pacific Century Group, has secured regulatory approval to buy Great Eastern Life’s Vietnamese business for S$48.2bn (£24.5bn, $35.6bn, €32.3bn).