Au King-lun joins Value Partners today after serving one year as Eastspring Investments Hong Kong CEO.
Tag: Hong Kong
Survey: Hong Kong fund sales drop
Sales of collective investment schemes in Hong Kong dropped by 15% from HK$65bn (US$8.4bn) to HK$55bn during the period April 2015-March 2016, according to the SFC’s yearly survey.
Tumult in HK ETF market
New launches, delistings and fee cuts of ETFs continue ahead of the highly anticipated ETF Connect as well as the potential extension of L&I ETFs to track Hong Kong equities.
Study: Singapore, HK lead with women fund managers
Singapore and Hong Kong are among the countries that have the highest percentage of women fund managers internationally, according to a Morningstar study.
HK links with Shenzhen, inks Switzerland MRF pact
HK launched the Shenzhen connect today and the SFC signed an agreement for an MRF link with Switzerland, as the SAR aims for more than just being a distribution hub, according to Jeremy Lam, a Hong Kong-based partner and the head of Deacon’s financial services practice.
HK’s bond fund sales outpace equities
Hong Kong’s fund industry recorded net sales of $3.6bn in the first nine months of 2016, up 36% from the same period last year, driven by strong inflows into bond funds, which were up 174%.
Another step toward HK-China bond connect
Hong Kong’s Financial Services Development Council has developed a proposal for the Hong Kong-China Bond Connect, which aims to allow retail investors cross-border access to bonds.
HK fee transparency plan could hit alts
The proposal to enhance fee disclosures should not have a big impact on banks and fund houses, but may impact the small intermediaries, according to industry players.
HK and Singapore in push for fee transparency
Following Singapore, Hong Kong’s Securities and Futures Commission has proposed that fund distributors cannot call themselves independent if they are receiving commission from distributing funds, and they need to state the fee amount at the point of sale.
SFC fines ex-fund house employee
For failing to declare commission and an improper know-your-customer process, the Securities and Futures Commission has banned Benedict Ku Ka-tat for one year and fined him HK$150,000 ($19,340).
