hong kong consumers still pessimistic says poll
Hong Kong consumers continue to have a pessimistic outlook, according to the latest City University poll conducted between late September and early October.
Hong Kong
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hkfi campaign counter attacks on ilas
The Hong Kong Federation of Insurers has launched a media campaign to counter recent “unbalanced and negative” attacks on Investment Linked Assurance Schemes by regulators and the media.
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expats in uae save less than singapore
Western expatriates based in the United Arab Emirates are less prudent than their counterparts in Singapore and Hong Kong when it comes to financial planning, according to a new study released today by Standard Life.
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hong kong managers in race to introduce
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.
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rhenman departs east capital
Gustav Rhenman is to leave East Capital, the Stockholm-based asset manager, at the end of the month, while Karine Hirn, a partner and co-founder East Capital, has relocated to Hong Kong.
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china asset managers to lobby beijing over
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.
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hong kong banks shun ilas as tighter rules
Banks in Hong Kong appear to be turning away from the sale of Investment Linked Assurance Schemes (ILAS), following the introduction of more onerous compliance rules and commission disclosure.
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nearly all hong kong qrops de listed
All but two QROPS listed in Hong Kong have been removed from HM Revenue & Custom’s list of registered schemes.
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hong kong legco passes trust law
In what has been described as a bid to boost the competitiveness of Hong Kong’s asset management industry, Hong Kong's Legislative Council has approved proposed amendments to the jurisdiction’s trust laws.
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moodys downgrades hk banking system
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".
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hk regulator suspends former hsbc adviser
The Hong Kong Monetary Authority has suspended a former HSBC adviser for three years over misselling an investment linked insurance scheme (ILAS).
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Building business in Asia
Stuart Fraser, chief executive of Ageas Hong Kong, describes how the company is gaining traction and market share in Asia, helped by its ability to be more responsive to clients and market conditions than some of its larger rivals.