marco tang to head barings asia sales
Baring Asset Management has named Marco Tang to head up sales, client services and business development for its mutual fund distribution operations across Hong Kong, China and Singapore.
Hong Kong
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financial partners launches lgbt
Financial Partners, a well-known, Hong Kong-based advisory firm, has joined forces with an established LGBT investment management company to create a wealth management operation aimed exclusively at Asia’s lesbian and gay community.
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Guernsey signs DTA with Hong Kong
Guernsey has signed a Double Taxation Agreement with Hong Kong, the seventh signed by the Channel Island.
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chinese investors buy gold as rest of world
The price of gold may have fallen another $125 per ounce yesterday its greatest one-day loss ever but some retail investors in Hong Kong and mainland China are buying more of it, rather than selling, according to a columnist for the South China Morning Post.
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hk to create fund industry to rival ucits
Hong Kong is in the process of updating its regulation on fund domiciliation in advance of a possible mutual recognition agreement with mainland China, says KPMG.
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global fund manager trade body to open
ICI Global, a trade association which represents global fund managers, has opened an office in Hong Kong to focus on the Asia Pacific region.
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Hong Kong to create platform to allow cross border fund distributionund
Hong Kong’s Securities and Futures Commission has announced plans to create a mutual fund platform which will allow asset managers in HK to distribute funds into mainland China and Chinese managers to distribute into Hong Kong.
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hong kong regulator fines deutsche securities
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded Deutsche Securities Asia and fined it HK$2.5m ($322,600, 244,700) for regulatory breaches and internal control failings relating to position limit failures.
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hk trust laws reforms edge closer as govt
Hong Kong’s government has published the conclusions of a three-month consultation carried out earlier in the year to gauge industry views on plans to reform and modernise the special administrative region’s trust laws.
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hk based intermediary fined 1 6m over lehman
The Hong Kong branch of a Taiwanese intermediary company has been fined US$1.6m (S$2m, 1.3m) over the sale of Lehman Brothers-backed structured products in 2008.
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hk in second consultation on independent
Hong Kong’s Government has launched its second consultation on measures it plans to take to establish an independent insurance authority, or IIA.
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hk financial services sec wants lower mpf fees
Hong Kong’s Secretary for Financial Services and the Treasury Ceajer Chan Ka-keung has called on the mandatory provident fund scheme providers to cut fees further.