The former BSI banker Yeo Jaiwei, ‘sentenced beyond the norm’ for witness tampering by a Singapore court, used a Seychelles-based company to spend $8.2m on Australian Gold Coast property, the Guardian has reported.
Category: Markets
Barings names new Korea CEO
Barings has appointed Ike Bae as its new Korea CEO. He replaced Thae Khwarg, who retired in December last year after more than 20 years with the firm.
BOS negative on China equities
Potentially aggressive US trade policy and China’s expanding credit are top concerns, according to Richard Jerram, the bank’s chief economist.
OMGI’s Weatherston positive on Japan equities
Valuations of Japan equities have become more attractive compared to other developed markets, and Abenomics has helped drive up corporate profits, according to Rob Weatherston, Old Mutual Global Investors’ Hong Kong-based portfolio manager of the Old Mutual Japanese Equity Fund.
Pinebridge: Trump an `amplifier’ for global growth
Despite his anti-trade agenda, the new US president is likely to amplify the rebound in global growth already underway, according to Markus Schomer, the firm’s New York-based chief economist.
Shenzhen-HK link to create world’s largest market
On December 5, the Shenzhen stock exchange will link with Hong Kong’s, which is already connected to Shanghai’s bourse. The tri-city set up will create the largest stock market in the world by volume.
EFGAM lays out China risks
A stronger US dollar remains the biggest risk, said Mansfield Mok, senior fund manager of New Capital China Equity Fund.
Despite slowdown, Chinese HNWI numbers grow
The number of HNWIs in China grew by a double-digit percentage year-on-year and overseas investments already account for 16% of their invest-able assets, according to a recent whitepaper by CITIC Private Bank and Hurun Report released last week.
Value Partners: Make a killing in China
Value Partners Group chairman and co-CIO Cheng-hye Cheah said when events in Western civilisation create macro risk, investors either sit with cash or bet on markets like China.
Mainland hedge fund managers target Hong Kong
More onshore managers are looking at Hong Kong as a place to launch offshore products.
