Markets Archives - Page 147 of 192

HSBC plans China wealth management hires

A recruitment drive in HSBC’s Asian wealth management business contrasts with massive cuts in the bank’s global workforce.

Hong Kong investors prize honesty and face-to-face contact with their financial advisers above all else, according to a St James’s Place survey.

The firm now manages $880m in China-focused thematic products in Hong Kong.

The firm has hired another key executive to oversee the region following the appointment of Stella Kong, managing director for Greater China.

Separately, Hong Kong investors have poured money into southbound products for the fourth consecutive month.

The firm will also make use of the new variable capital company (VCC) framework for the fund.

Separately, UBS SDIC AM’s licences in the territory were removed.

The asset management arm of CMBC in Hong Kong has an investment team focusing on Greater China equities and Chinese offshore bonds.

This week FSA presents a quick comparison of two China equity products: the ChinaAMC China Opportunities Fund and the First State China Focus Fund.

Funds launched during the first quarter had massive outflows in the second quarter.