Wealth manager Noah Holdings was fined by Hong Kong’s regulator for failure to comply with several requirements, including KYC and due diligence matters.
Tag: Hong Kong
HK’s Haitong branches into Japan, US funds
Hong Kong-based Haitong International Asset Management is expected to launch three equity funds, including China-A share and US-focused products, according to records from the Securities and Futures Commission.
What is lacking in Hong Kong’s ETF market?
Assets in Hong Kong’s ETF industry have grown threefold in the last 10 years, but the market remains small and lacks product diversification, according to Mohamed M’Rabti, Brussels-based head of ETFs at settlement firm Euroclear.
BOCI-Prudential HK equity fund to sell under MRF
Another Hong Kong equity fund has been approved for distribution on the mainland under the Mutual Recognition of Funds (MRF) scheme, according to the China Securities Regulatory Commission (CSRC).
China and Hong Kong lead in billionaires
The number of billionaires in Asia has overtaken North America for the first time, largely driven by China and Hong Kong, according to Wealth-X’s latest billionaire report.
FE Advisory extends model portfolio strategy
FE Advisory Asia has rolled out model investment portfolios tailored for Axa in Hong Kong, extending the FE portfolio range to reach IFAs.
HK advisory targets private bank client base
Everbright Sun Hung Kai (EBSHK), a subsidiary of Hong Kong-listed Everbright Securities, has expanded its wealth management service to attract more high net worth clients in Hong Kong.
UBS Wealth hires Hang Seng staff for HK team
UBS Wealth Management has hired private banking staff from Hang Seng Private Bank to expand coverage of the Hong Kong high net worth segment.
Two firms launch China funds in HK
Hang Seng Investment Management and Investec Asset Management are the latest firms to launch China-focused products in Hong Kong.
Vanguard to unveil its first China ETF in HK
Despite a spate of China ETF delistings in Hong Kong, the firm is about to launch its first China-focused exchange traded fund in Hong Kong.
