In separate moves, Hong Kong’s Securities and Futures Commission this month has gone after UBS, Deutsche Bank and CLSA for regulatory breaches.
Tag: Hong Kong
Amundi AM may follow peers with China WFOE
Amundi Asset Management is considering setting up wholly foreign-owned enterprise (WFOE) in China and plans to launch more Hong Kong-domiciled funds, according to Zhong Xiaofeng, the firm’s CEO for North Asia.
Value Partners reports record profits
Hong Kong-based asset manager Value Partners has posted record net profits of HK$2.05bn ($261.5m) for 2017, almost 15 times those of the previous year, thanks to performance fees earned in the booming equity markets.
Apac ETF assets to quadruple by 2025
ETF assets in Asia-Pacific are expected to grow four times to reach $1.9trn by 2025, according to a report by Broadridge Financial.
HK’s non-ETF robo-advisor
Yunfeng Financial Group is using a proprietary fund selection process to add actively-managed funds from key managers to its robo-advisor Youyu Wealth, according to Li Ting, the firm’s CEO.
SFC’s Julia Leung takes on deputy CEO role
Julia Leung has been re-appointed as executive director for intermediaries and has been given a deputy CEO role for three years, according to a statement from the regulator.
HK devises plans for financial industry expansion
Under fire from rival financial centres, Hong Kong’s authorities outlined plans to foster its financial industry in the latest fiscal budget report.
SJP launches discretionary WM service in Asia
St James’s Place Wealth Management has launched discretionary managed accounts in Hong Kong, its first such offering in Asia.
Capital Group’s regional build out continues
After a spate of Hong Kong fund offerings the last year, US-based Capital Group continues in 2018 with the launch of a fixed income product.
Blackrock delists China A-shares ETF
Blackrock is delisting one of its China A-share-focused ETFs from the Hong Kong Exchange because the firm believes the purpose of the underlying index “no longer exists”.
