Personal wealth is flowing out of China as domestic investors grow increasingly concerned over the markets and economic growth, according to Bank of East Asia.
Category: News
The FSA Spy market buzz – 19 Feb 16
Changes at Neuberger Berman; UBS on ETFs; Hang Seng’s customers love risk; DBS loses a crown; Is Maybank confused?; Who wants to be a Singaporean stockbroker? and much more.
BMO to launch four ETFs in Hong Kong downmarket
Fifteen months after bringing its first three ETFs to Hong Kong, the firm is launching four more on February 18.
Schroders names HK distribution head
Ex-Aussie superfund CEO Chris Durack has assumed the newly-created role of head of distribution in Hong Kong.
CPF swaps out Morningstar for Mercer
After eight years using Morningstar to support due diligence for its fund selection, Singapore’s Central Provident Fund Board has switched investment consultants to Mercer.
OPINION: London vs Hong Kong – out of the frying pan…?
Even by the very nature of its name, HSBC has always been the most Asian-facing of the multinational super banks, so why does it want to extend its stay in London?
Nikko gets EMEA chief from Pictet
Udo von Werne has been hired as CEO of Europe, the Middle East and Africa by Nikko Asset Management.
China’s bank loans could cause sharp RMB drop
Recapitalising banks due to non-performing loans could devalue the RMB “in excess of 30% against the US dollar”, according to Hayman Capital Management.
Singapore shipping sector underwater
The waters around Singapore appear to be crawling with ships, but low commodity prices continue to hurt the sector.
Banks file bids for Barclays Asia private wealth unit
DBS Group, OCBC and Julius Baer have reportedly submitted non-binding bids for Barclay’s Asian private wealth business.
