This week…
| People moves |
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Aviva Investors has appointed Charles Wong as its Singapore-based head of wholesale distribution for Asia. Wong, who joined early this month, is responsible for growing the firm’s wholesale platform in Asia and managing relationships with private banks, family offices and financial advisers in the region. Before joining the firm, he was previously Credit Suisse Asset Management’s vice president of institutional distribution… Pinebridge Investments has appointed Lisa Wang as its Hong Kong-based head of market and communications for Asia. Before Pinebridge, she was State Street Global Advisors’ head of market for Asia-Pacific, responsible for developing multi-channel strategy marketing plans… |
| Fintech |
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A fintech association has been launched in Hong Kong with the aim to further develop the SAR as a leading fintech centre in the region. The association, The Fintech Association of Hong Kong, is organised through a series of 12 committees, which include wealthtec, regtech, financial literacy and inclusion, digital banking and others… The Monetary Authority of Singapore and the Danish Financial Supervisory Authority have signed a fintech cooperation agreement. The agreement will enable both regulators to refer fintech companies to their counterparts. In addition, both authorities have also committed to exploring joint innovation projects together and to share information on emerging market trends and their impact on regulation… Besides Singapore and Denmark, The Securities Commission Malaysia (SC) and the Australian Securities and Investments Commission (ASIC) have also entered into a fintech cooperation agreement to promote innovation in financial services in their respective markets… |
| MSCI China inclusion |
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CSOP Asset Management’s CSOP FTSE China A50 ETF saw RMB 1.5bn ($220m) of inflows after MSCI’s inclusion of China A-shares, according to a statement from the firm. Separately, the firm said it saw around RMB 740m of net inflow into its RQFII fixed income CSOP China 5-year Treasury Bond ETF… |
| Fund structures |
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Hong Kong’s Securities and Futures Commission has launched a two-month Fund structures Hong Kong’s Securities and Futures Commission has launched a two-month consultation on the legal and regulatory requirements applicable to the new open-ended fund company (OFC) structure. The OFC structure will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form… Investment opportunities Cambodia has been ranked as the most attractive investment destination out of 15 countries in Asia, according to a research conducted by Invest Asian. According to the research, Cambodia has seen robust economic growth, is open to foreign property and business ownership and has simple processes to open bank accounts and get long-term visas. To see the complete ranking, click here… Partnerships International Finance Corporation, a member of the World Bank, has signed an agreement with Eastspring Investments to raise $500m for an IFC programme that mobilises funds from institutional investors for infrastructure projects in emerging markets. Eastspring is the first Asian investor to participate in the programme, known as the MCPP Infrastructure…”>consultation on the legal and regulatory requirements applicable to the new open-ended fund company (OFC) structure. The OFC structure will enable investment funds to be established in corporate form in Hong Kong, in addition to the current unit trust form… |
| Investment opportunities |
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Cambodia has been ranked as the most attractive investment destination out of 15 countries in Asia, according to a research conducted by Invest Asian. According to the research, Cambodia has seen robust economic growth, is open to foreign property and business ownership and has simple processes to open bank accounts and get long-term visas. To see the complete ranking, click here… |
| Partnerships |
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The International Finance Corporation, a member of the World Bank, has signed an agreement with Eastspring Investments to raise $500m for an IFC programme that mobilises funds from institutional investors for infrastructure projects in emerging markets. Eastspring is the first Asian investor to participate in the programme, known as the MCPP Infrastructure… |
