The bank’s Hong Kong operations, which include brokerage, asset and wealth management services, recorded losses in the last few years.
Category: Markets
Chinese wealth firm makes acquisition in Hong Kong
Puhui Wealth joins the growing list of Chinese firms expanding outside of the mainland.
GSAM preps emerging market ESG fund in Singapore
The fund has invested in companies with at least an “average” ESG rating from MSCI.
What Hong Kong’s ETF market lacks
The world’s two largest passive product providers are set up in Hong Kong, but there is no substantial investor education on ETFs.
MRF products suffer two-way outflows
China onshore investors exited Hong Kong-domiciled funds in October, according to China’s State Administration of Foreign Exchange (Safe).
NY Life Investments sets up Hong Kong office
Led by Tino Moorrees, BNP Paribas Asset Management’s ex-Hong Kong CEO, the multi-boutique fund house plans to distribute funds to professional investors.
Fund houses in Singapore push
Allianz Global Investors is bringing in a stack of funds, including one that is focused on pets, while M&G Investments, post de-merger, sets up investment camp.
Hong Kong RMs still in demand despite unrest
Salaries of relationship managers and product specialists at private banks in the SAR are expected to increase by 14-25%, according to a survey.
China Top Trumps – Hong Kong dollar fixed income
This week FSA presents a quick comparison of two Hong Kong dollar fixed income products: the BOCHK HK Dollar Income Fund and the Schroder ISF Hong Kong Dollar Bond Fund.
Philippine fund firm triples client base
Separately, a relaxation of regulations by the country’s securities regulator has prompted investment companies to launch feeder funds.
