Hong Kong Archives - Page 31 of 46

Allianz X leads WeLab’s latest funding round

The digital investment unit of Allianz group intends to partner with the Hong Kong-based fintech firm to develop a wealth management platform.

The firm will be launching its first active ETF in Hong Kong.

Before the arrests, the regulator froze 63 securities accounts holding HK$860m ($110.7m).

It will reduce London headcount with some of the 200 staff moving to Hong Kong.

The Singapore-based digital wealth manager has at least $1bn in AUM.

The ETF should provide investors exposure to the top 100 high quality listed Chinese companies.

The number of constituents in Hong Kong’s benchmark will be increased to better represent mainland China technology stocks.

Data suggest a turnaround in sentiment towards northbound funds.

The platform is aimed at so-called digital natives and offers a range of mutual funds provided by key partners.

Around 300,000 people are expected to use the immigration route in its first five years.