WeLab Bank becomes the first virtual bank in Asia to launch a digital wealth advisory service
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WeLab Bank becomes the first virtual bank in Asia to launch a digital wealth advisory service
Authorities in both jurisdictions announce that the latest trading agreement is set to start in six months’ time.
Investors in both Hong Kong and mainland China can trade eligible funds starting on July 4.
The net asset value (NAV) of Hong Kong-domiciled funds posted a decrease of 6.4% to $178.6bn, according to the securities watchdog.
It will feature a mix of active and passive funds
The investment management firm launches four investment funds for local investors.
Firms are reminded about licensing rules when marketing the asset as part of a collective investment scheme.
The service is first available in Hong Kong and Singapore.
Asia private banking clients will be able to trade fixed coupon structured products on their mobile phones.
Many female respondents to a Fidelity survey fear they will have insufficient cash for their old age.
Part of the Mark Allen Group.