The Lion city is busy building a infrastructure, but Hong Kong can serve as a base for China fintech companies, according to law firm Baker & McKenzie.
Category: News
Survey: WM way behind digital trend
Wealth management is one of the least tech-literate sectors of the financial services industry, and is falling well behind non-financial services industries, according to a PWC report.
China issues new RQFII quotas
Blackrock, Nomura AM and Avanda IM are RQFII quota recipients after the scheme was expanded by RMB 21.2bn ($3.22bn) in April, according to the latest data from State Administration of Foreign Exchange.
`Limitless’ access to China’s bond market
More details on expanding overseas investor access to China’s interbank bond market (CIBM) were announced, although tax issues have yet to be clarified.
SFC fines firm for failing to identify client
Hong Kong’s Securities and Futures Commission has reprimanded and fined Guotai Junan Securities (Hong Kong) for failing to reveal a client’s identity.
Pictet taps GS for Singapore CEO
Pictet Group’s private banking unit in Singapore has appointed an ex-Goldman Sachs managing director as its new CEO.
GS: BRICs still a viable investment theme
BRICs are a part of broader EM exposure, said Kathryn Koch, head of global portfolio solutions at Goldman Sachs Asset Management.
CSRC punishes high-frequency traders
Two people were fined RMB 1m each for high frequency trading during the A-share market collapse last summer, the CSRC said.
Hang Seng names new retail and WM head
Her appointment follows the retirement of Nixon Chan, effective July 1.
BNY Mellon IM names APAC distribution head
The boutique manager has hired Invesco’s ex-head of regional institutional sales.
