A former employee of Chong Hing Securities has been jailed and banned for life from re-entering the industry for defrauding his clients and misappropriating client money.
Category: News
RHB AM floats equity fund
Malaysia’s RHB Asset Management has launched an Asian equity fund that aims to invest in companies with entrepreneurial characteristics.
Chinese equity markets mini big bang
Just as October 1986 ushered in an era of deregulation for London’s financial markets, so 28 years later Chinese equity markets face their own mini Big Bang with the launch of the Shanghai-Hong Kong Connect.
BNY Mellon rollout discretionary business
BNY Mellon Wealth Management intends to launch “comprehensive discretionary investment and wealth management services to high net worth individual investors” after receiving approval from Hong Kong’s regulators, the bank said.
AMP Capital Nikko equity mandate
Australia’s AMP Capital has won an A$175m ($154m) mandate to manage Nikko Asset Management Australia’s equity portfolio on behalf of its multi-manager team.
One way to play rising rates
A high yield product that links to the LIBOR rate could be a suitable way to play the next act of the interest rate saga, according to M&G Investments.
Janet Chong DBS
Some qualitative checks have been added to DBS’s fund selection process, according to Janet Chong, executive director and product solutions head of wealth management, who discussed the bank’s fund selection process and the integration of Societe Generale with Fund Selector Asia.
Funds start buying into Alibaba
About one month after Alibaba’s $25bn IPO on the NYSE, the largest in history, five funds registered for sale in Asia have made the Chinese ecommerce giant a top ten holding.
Hong Kong suspends DBS Vickers broker
Hong Kong’s regulators have suspended the licence of a broker formerly at DBS Vickers, the securities arm of DBS Bank, for breaching internal control policies.
Irish and Chinese fund groups sign agreement
The Irish Funds Industry Association said it has signed a memorandum of understanding with the Asset Management Association of China in Beijing to promote closer cooperation.
