Edmond de Rothschild has officially closed both its private banking and asset management businesses in Hong Kong, according to recent records from the Securities and Futures Commission.
Tag: Hong Kong
Taiwan bourse wants more offshore investors
The Taiwan Stock Exchange (TWSE) is promoting the country’s capital market to Hong Kong investors, particularly its technology-related listed companies.
Brick-and-mortar outperforms property mutual funds
Hong Kong property investors have better channels than real estate mutual funds to gain exposure to the sector.
EFG AM, Templeton launch funds in HK
EFG Asset Management launches an Asia-focused digital fund, while Franklin Templeton joins the smart beta bandwagon.
Northbound MRF inflows plunge
Northbound funds under the Mutual Recognition of Funds (MRF) recorded weak sales performance in October, falling from a 13-month peak, according to data from the State Administration of Foreign Exchange.
HK regulators warn on sale of in-house products
Conflicts of interests arising from the sale of in-house products by fund distributors are on the radar of both the Hong Kong Monetary Authority and the Securities and Futures Commission.
SFC: Fee disclosure regs to support robo-advice
The Securities and Futures Commission’s recent decision to enhance fee disclosure may drive investors to use alternative distribution platforms, such as online or robo-advisory services, according to Christina Choi, SFC’s executive director for investment products division.
Hong Kong continues to see ETF delistings
Mirae Asset Global Investments is delisting another passive product from the Hong Kong Stock Exchange, citing unsatisfactory assets.
SFC slaps HSBC with record fine, suspension
A Hong Kong tribunal has upheld disciplinary action taken against the local branch of HSBC Group’s Swiss private banking business for “material systemic failures” in relation to the sale of structured products, including from Lehman Brothers, in the run up to the global financial crisis.
CSOP AM delists China-focused ETF
CSOP Asset Management is delisting a China-focused ETF from the Stock Exchange of Hong Kong, citing unsatisfactory assets.
