Chinese banks, seen as risky by many investors, are looking attractive in 2018 due to ongoing reforms, said Ken Peng, Citi Private Bank investment strategist for Asia-Pacific, who also likes China’s industrial sector.

Chinese banks, seen as risky by many investors, are looking attractive in 2018 due to ongoing reforms, said Ken Peng, Citi Private Bank investment strategist for Asia-Pacific, who also likes China’s industrial sector.
The Hong Kong operation of EFG Bank, a subsidiary of Swiss private bank EFG International, was fined HK$2m ($260,000) for dealing in futures contracts for 13 years without a required license.
Assets in China’s private fund industry grew to reach RMB 13.9trn ($2.16trn), doubled since 2015, according to data from the Asset Management Association of China (AMAC).
China’s growth will provide regional opportunities in infrastructure, financials and consumer products, said Fan Cheuk-wan, HSBC Private Bank head of investment strategy in Asia.
All the votes have been tallied in FSA’s fourth annual Fund Management Awards and results show that many categories were extremely competitive.
Swiss asset management firm Quaero Capital will expand its product range to include Asia equity funds as it joins forces with London-based Tiburon Partners, an Asia equity specialist firm.
Following strong performance in 2017, European high yield bonds will be less attractive in 2018 due to high valuation and liquidity risk, argues David Gaud, CIO of Pictet Wealth Management.
European high yield and emerging market bond funds top the list of best performing fixed income funds available for Hong Kong and Singapore investors, while US dollar and global bond funds underperformed.
T Rowe Price has launched two income funds with a local partner in South Korea under a low interest rate environment in the country.
FSA joins the robo-advisor discussion with its monthly feature showing portfolio returns of three robo-advisors serving clients in Asia.
Part of the Mark Allen Group.