Hong Kong Archives - Page 34 of 46

SSGA makes U-turn decision on blacklisted China stocks in TraHK

Following pressures from Hong Kong officials that the manager can be changed to safeguard the interests of investors.

The acquisition will include clients and relationship management teams.

In total, the firm manages seven SFC-authorised funds in Hong Kong.

In total, there are 34 funds for sale on the platform, including 25 HK dollar-denominated funds and nine US dollar-denominated funds.

This includes the bank’s asset and wealth management businesses.

The bank is targeting investors in Hong Kong with HK$8m.

But only a few have fully integrated ESG-related risks into their enterprise risk management systems.

Six managers have launched ETFs tracking the index consisting of Hong Kong-listed technology stocks.

The platform includes two ETFs managed by Mirae Asset and Haitong International.

A range of governmental and regulatory initiatives this year aim to develop Hong Kong as a family office hub.