SFC proposes review of fund NAV disclosure
The Hong Kong capital market regulator has begun a consultation which will review the disclosure requirements for the net asset value of funds.
Asia
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Ernst Young finally produces docs for ongoing
EY, formerly Ernst & Young, has finally produced documents which were the subject of a court order in Hong Kong.
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Thai regulator tells asset managers to develop
The Thailand capital market regulator has directed asset management companies in the country to develop post retirement products as an investment alternative for the retirees segment.
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Fugitive property tycoon extradited to Hong Kong
Fugitive property tycoon Zeng Wei has been extradited from the US to Hong Kong over charges of money laundering and bribery.
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asia pacific fuels record rise in hnwis
The number of high net worth individuals across the world surged by 14.7% to 13.7m over the last year, according to a survey by Capgemini and RBC Wealth Management.
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Hong Kong looks to boost Islamic finance
Hong Kong’s financial regulator has said it is to work closely with the Malaysian authorities to develop its Islamic financial market and promote Shariah-compliant products to both local and international investors.
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RHB Asset Management offers global
RHB Asset Management has launched a close-ended Shariah-compliant fund that invests into global Islamic fixed income instruments.
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St James’s Place completes Henley Group deal
St James’s Place; one of the UK’s largest wealth managers has completed its acquisition of The Henley Group.
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Axa IM registers funds in Singapore for first time
Axa Investment Management has broadened the number of its funds which are available in Asia, registering a range in Singapore for the first time and making a further seven available to investors in Hong Kong.
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Singapore to start overnight RMB liquidity
Singapore is to introduce an overnight renminbi liquidity facility to meet the short-term financing needs of financial institutions trading in the Chinese currency.
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Franklin Templeton vehicle launches blue
Vietcombank Fund Management, which is part-owned by Franklin Templeton Investments, has launched its first open-ended equity scheme, investing in large-cap companies listed on the Vietnam stock exchange.
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Pacific Sun lodges appeal with Hong Kong regulator
Andrew Mantel, the director of Pacific Sun Advisors, has lodged an appeal against his conviction for advertising a mutual fund to investors without regulatory permission in Hong Kong.