After years of competing in the fintech space, Hong Kong and Singapore have finally signed a fintech cooperation agreement, according to separate statements from the Hong Kong Monetary Authority (HKMA) and Monetary Authority of Singapore (MAS).
Tag: FinTech
Is China shaping the future of WM?
Huge “non-bank banks” are about to roll out of China, which is spreading fintech innovation to other parts of Asia, according to venture capital firms.
In case you missed it…
This week… Firm news Two hedge fund firms had their asset management licences removed last month in Hong Kong, according to records from the Securities and Futures Commission. They are Owl Creek Hong Kong, which first received its licence in May 2011, and Wakestar Advisors, which received its licence in December 2010. US-headquartered Owl Creek […]
Malaysia joins fintech race
Standard Chartered Bank and Allianz have teamed up with Supercharger, a fintech accelerator programme that has expanded to Malaysia.
Is China well-suited for fintech?
The marriage of fintech and wealth management presents a vast growth opportunity in China, but it coexists with examples of massive fraud that have led to a regulatory crackdown, according to a report published by Oliver Wyman, a consulting firm.
In case you missed it – Markets and Funds News Updates
Value Partners names Yu Xiaobao as head of China business; UBP’s operating expenses increase due to Coutts Asia integration; Blackrock’s ETF assets breach $1.5trn mark; Cerulli expects global mutual fund assets to hit $100trn by 2020; Singapore’s fintech association rolls out a comprehensive fintech directory; BofAML sees global fund firms allocate more to Japanese equities; Australia launches its first stewardship code for fund firms; and more…
China’s robo-advisor Xuanji expands overseas
Xuanji, a Beijing-based robo-advisor, announced plans to launch a fully automated portfolio service in Asia, its first foray outside China.
China’s Lufax licensed for business in Singapore
The Monetary Authority of Singapore has awarded a capital markets services licence to a subsidiary of Ping An-backed Lufax Holdings yesterday, according to a statement from the firm.
Growing crop of HK robo-advisors adds another entrant
Hong Kong-based B2B robo-advisory startup Aqumon signed its first four clients to launch a fully-automated portfolio in the SAR and in China.
In case you missed it – Funds and Asset Management Updates
Aviva Investors names Charles Wong as head of Asia wholesale distribution; Pinebridge poaches APAC marketing exec from SSgA; a fintech association launches in Hong Kong; fintech agreements in Singapore and Malaysia; CSOP’s China ETF sees huge inflows following MSCI’s China inclusion announcement; and more…
