The bank’s Hong Kong operations, which include brokerage, asset and wealth management services, recorded losses in the last few years.
Tag: Hong Kong
Chinese wealth firm makes acquisition in Hong Kong
Puhui Wealth joins the growing list of Chinese firms expanding outside of the mainland.
What Hong Kong’s ETF market lacks
The world’s two largest passive product providers are set up in Hong Kong, but there is no substantial investor education on ETFs.
MRF products suffer two-way outflows
China onshore investors exited Hong Kong-domiciled funds in October, according to China’s State Administration of Foreign Exchange (Safe).
NY Life Investments sets up Hong Kong office
Led by Tino Moorrees, BNP Paribas Asset Management’s ex-Hong Kong CEO, the multi-boutique fund house plans to distribute funds to professional investors.
China clears three firms for northbound MRF
One of the products that received approval is sub-advised by Aberdeen Standard Investments.
Hong Kong RMs still in demand despite unrest
Salaries of relationship managers and product specialists at private banks in the SAR are expected to increase by 14-25%, according to a survey.
Hong Kong robo signs more bank clients
Hong Kong-based Magnum Research is also launching a stand-alone fixed income ETF portfolio for its B2C clients.
Hong Kong investors pour $1.5bn in FMPs
But the demand for such products is expected to slow with market expectations of a rate cut from the Federal Reserve, according to a Cerulli report.
Value Partners pulls three ETFs
In total, six fund managers in Hong Kong this year have announced they will be delisting 14 ETFs.
