The chairman of Hong Kong’s Independent Financial Advisors Association has said the industry will suffer “collateral damage” in the first half of 2015 due to the over-ambitious time frame of regulatory reforms.
Despite a record-setting, multi-day market rally, valuations of Hong Kong stocks are currently low relative to both global equity markets and to the Hong Kong market historical average, according to FE analytics.
A new rule which allows Chinese mutual funds to invest in Hong Kong-listed shares without a domestic institutional investor licence (QDII) is an “important signal” that regulators are eager to boost cross-border trading between the two regions.
hedge funds under management in Hong Kong reached a record high in September 2014, according to new research published by the region’s Securities and Futures Commission (SFC).
East Capital said its UCITS-compliant China fund has become the first to be allowed to invest up to 100% of its portfolio in Chinese A-shares through the Stock Connect program.
The total annual turnover of exchange traded funds and real estate investments trusts listed on the Hong Kong exchange soared 25% year-on-year to reach a record-high of HK$1.23trn ($150bn), according to the Hong Kong stock exchange.
Significant consolidation is expected in Hong Kong as advisory companies adjust to evolving remuneration models.
Even as Switzerland remains the worlds largest wealth management centre, other locations such as Hong Kong, Singapore and the US are also catching up rapidly, according to research from Deloitte.
Hong Kong Exchanges and Clearing will waive stamp duty on all exchange-traded funds listed in Hong Kong from 13 February to promote the development of the ETF market.
Ushering in the new year has bought a whole raft of regulatory changes for Hong Kong IFAS, some of which are deemed unwelcome.
Investors in Hong Kong are now restricted in their underlying investment choices after the rules surrounding investment-linked assurance schemes, were overhauled at the start of the year.
Standard Life has released a new version of an existing product to be compliant with Hong Kongs recent ban on indemnity commission while it plans new products for the rest of the year.
