Evergrande looks to offload life arm to help settle debts
As it confirms sale of nearly 20% stake in Chinese bank
Asia
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Digital insurer buys majority stake in Chinese life company
It will pay CNY42.7m for the 56.2% share and provide CNY15m in capital
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Foreign firms increase presence in China
Cross-border wealth programme to increase collaboration with distribution banks
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How UHNW priorities have changed post-covid
They want a more active role with their finances
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PEOPLE MOVES: FPI, Manulife, GSB Capital
Life insurer names CEO of Singapore branch, as financial services provider makes c-suite change in Asia
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Hong Kong securities firm unveils wealth management arm
In a bid to provide ‘premier financial services’ to high net worth individuals
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Hansard ‘reliant’ on covid improvements for Japan launch
As the firm reports 9% rise in profit before tax for 2021 financial year
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NRIs reluctant to buy life cover
They ‘have a false sense of perpetuity and do not feel the need for insurance protection’
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WWF Singapore and ASFI launch sustainable finance courses
Bank of Singapore is the first company to roll them out to its staff
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Traditional sectors not out for the count yet
Even though thematic ESG strategies are resonating more with investors
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Aussie taxman cracks down on disguised undeclared foreign income
Residents deliberately concealing or omitting assets ‘will face substantial penalties’
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JP Morgan rolls out thematic multi-asset fund in Hong Kong
It will focus on five trends which the firm believes will shape the future