Relatives of China’s top political leaders‚ past and present‚ are among nearly 22‚000 people in China and Hong Kong whose offshore holdings have been revealed in a leaked cache of documents unveiled yesterday.
While much of the world’s wealth management industry has been focusing on the new‚ American asset-reporting law known as FATCA‚ China has quietly implemented its own set of regulations that require the country's wealthy to declare their offshore holdings.
Emerging markets specialist East Capital has launched the Luxembourg registered China A-Shares Fund, to be managed out of its Stockholm HQ and Hong Kong.
Zurich Insurance Malaysia has entered into a deal with Bank of China which will see the bank distribute Zurichs products in Malaysia.
With the launch of two ETFs‚ European investors are now able to buy shares in smaller‚ faster-growing Chinese companies.
Financial advisory firms in China’s Special Administrative Region are hiring‚ as Western businesses continue to establish bases in the region‚ and look to promote their services into China and the rest of Asia
In a bid to strengthen cooperation on financial sector development and regulation, Singapore and China today agreed on series of initiatives that will further promote the international use of the Renminbi through Singapore.
Hong Kong-based fund managers are “racing” to introduce Hong Kong-domiciled funds, ahead of plans for a “mutual recognition” programme that will enable them to be sold in mainland China, according to a report published today.
Australia's AMP Capital has entered into a pact with China Life Insurance Group's subsidiary, China Life Asset Management to set up a fund management company in China.
Mainland China’s fund management companies have formed a new association in Hong Kong, with the aim of being able to speak with a single voice on issues of shared concern.
Vivienne Ng has been appointed to the newly-created position of executive director and head of Coutts International's China desk in the UK, in a move the bank says indicates the growing importance of Chinese-derived wealth in Britain.
Moody's Investors Service has downgraded the outlook for Hong Kong's banking system to negative from stable, citing its "concerns regarding persistent negative real interest rates" and the institutions' "growing exposures to Mainland China".
