hsbc survey reveals decline in wealth growth
One in five Hong Kong investors has seen their net worth decline over the past six months, a survey conducted by HSBC has found.
Asia
-
-
aia group confirms ing malaysia purchase
AIA Group has confirmed it is to acquire ING’s Malaysian insurance subsidiaries for $1.7bn, subject to regulatory approvals.
-
aia group to buy ings malaysian
AIA Group has agreed to buy ING’s Malaysian insurance unit, ING Insurance Berhad, according to Reuters.
-
tax offences to be made money laundering
The Monetary Authority of Singapore is planning to make some tax crimes money laundering “predicate offences” under proposals announced today.
-
Standard life opens in singapore
Standard Life is to open its first branch in Singapore later this month with a nine-strong team who will work with 24 IFA firms and bank distributors.
-
singapore regulator moves again to cool
The Monetary Authority of Singapore has announced new measures aimed at cooling the city-state's booming residential housing market, effective immediately.
-
Swiss qrops specialist sets up in hk
Swiss-based FEIFA member Forth Capital has appointed RDR qualified Graham Brown as managing director to establish an Asia operation out of Hong Kong before the end of this year.
-
luxury goods waste management funds unveil
Investment funds focused on very different areas of business one on luxury goods, the other on waste management have unveiled Singapore dollar variations of their existing offerings.
-
singapore insurer fined for giving
A large general insurer in Singapore has been fined by the local regulatory authority for allowing unqualified staff to sell insurance products to the public.
-
mpf changes act as rdr dry run
In preparation for the ‘Employee Choice Arrangement’, a new initiative in Hong Kong under which clients will be permitted to move their Mandatory Provident Fund (MPF) assets to a new pension provider, financial advisers are drawing up fee structures in what could be interpreted as a “dry run” for an RDR-type environment.
-
scams rife in hong kong scmp reports
Financial scams are on the rise in Hong Kong, the South China Morning Post is reporting, in a story which quotes deVere chief executive Nigel Green on what he calls “hard to fathom carbon credits” being sold “to vulnerable consumers”.
-
capital platforms links with royal london
Capital Platforms, the Singapore-based international platform provider recently launched by the original founders of Boston Direct Management, has formed a “working alliance” with Royal London 360°.