Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC) on Friday.
Category: News
Onshore WFOE approvals speed up
While more investment management wholly foreign-owned enterprise licenses have been approved by China recently, some fund managers are way ahead.
The FSA Spy market buzz – 16 December 2016
Gifts galore: M&G’s phone box; Jupiter’s power; Driving by OMGI; Cuddles from Investec; An opening from SLI; NB and leather; Flask from Henderson; T. Rowe’s music and much more.
Singaporean HNWIs hold more cash than HK counterparts
High-net-worth individuals in Singapore hold more amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
Mainland robo-advisor sees modest takeup
The biggest challenge for robo-advisors in China is to convince investors to take a long-term view on passive investing, said Frank Wang, managing director at Creditease Wealth Management, which launched a robo advisor in May.
Amundi EM overweight is China equities
China risk scenarios have low probability in 2017 and valuations are among the most attractive in the region, according to Anthony Ho, Amundi Asset Management’s deputy CEO for North Asia and chief investment officer for Asia ex-Japan equities.
Asia’s WM talent is not coming from abroad
Foreign wealth management talent is reluctant to relocate to Asia and anyway, locals are much better suited for the role, according to recruitment firms.
Content Clever lucky draw winners
The winners of our Content Clever lucky draw are from Hang Seng Bank and DBS Private Bank.
ESG demand grows despite performance doubt
Kelsey Biggers, head of investment risk at Franklin Templeton, said interest in environmental, social and governance (ESG) investing is set to grow despite no hard evidence on how it influences performance.
Presenting the FE Advisory Asia Portfolio
FSA announces a new monthly feature involving asset allocation: The FE Advisory Asia fund portfolio.
