Senior managers at financial firms must take greater accountability for corporate wrongdoing, according to a circular released by the Hong Kong Securities and Futures Commission (SFC) on Friday.
Tag: Hong Kong
Greater transparency tops wealth manager’s challenges in 2017
The upcoming Common Reporting System (CRS) is set to pose “fundamental changes” to the wealth management industry both regionally and globally in 2017, said Kevin Liem, CIO at TTG Wealth Management.
Singaporean HNWIs hold more cash than HK counterparts
High-net-worth individuals in Singapore hold more amounts of cash and deposits compared to their Hong Kong counterparts, according to Ivan Han, a Singapore-based senior analyst at Cerulli Associates.
Survey: HK top regional fund hub by 2025
A majority of asset managers believe that Hong Kong will be the leading Asian cross-border fund domicile by 2025, far ahead of its rival Singapore, according to a survey conducted by Brown Brothers Harriman.
Value Partners’ new CEO is ex-Eastspring HK chief
Au King-lun joins Value Partners today after serving one year as Eastspring Investments Hong Kong CEO.
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%.
