The Hong Kong government has announced measures to boost the development of the local asset management industry.

The Hong Kong government has announced measures to boost the development of the local asset management industry.
Fullerton Fund Management a wholly-owned subsidiary of Singapore state investor Temasek Holdings is to set up an office in London, and will be shortly applying for a license from the Financial Conduct Authority.
The UK and Singapore have agreed to deepen their financial and economic cooperation and also supported the setting up of a private sector forum to boost development of the offshore renminbi market
Eastspring Investments Indonesia and HSBC Indonesia have entered into an agreement to distribute the asset managers Alpha Navigator equity fund to the banks retail customers in the country.
An online fund supermarket preparing for launch in Korea is unlikely to have much of an impact on the country’s mutual fund distribution landscape in the short term, according to Cerulli Associates.
Hong Kong’s Asia Securities Industry and Financial Markets Association (ASIFMA) has launched an asset management group to advocate the views and interests of Asian asset managers at local, regional and global levels.
The Hong Kong fund industry witnessed a slump in net sales in 2013 over the previous year, according to Hong Kong Investment Funds Association, which attributed the decline to bond funds which saw net annual outflows for the first time since 2007.
SinoPac Asset Management will launch the Accudo Asian Value Arbitrage Fund in early March and has appointed Manuel Schlabbers as the fund manager.
J.P. Morgan Asset Management has named Paula Stibbe as head of global liquidity sales for the Asia Pacific region.
The Thai regulator has paved the way for cross-border ASEAN collective investment schemes to be sold to retail investors later this year, with the publication of a set of draft regulations.
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