Hong Kong’s private banking business shot up 18% to HK$3.7trn ($473bn) last year while asset management AUM fell by 4%, a Securities and Futures Commission survey has found.
Tag: Hong Kong
SFC: Hong Kong has lowest PE globally
Hong Kong-listed mainland stocks dropped hard in the first half, pulling down the Hong Kong market, according to the half-year report by Securities and Futures Commission.
Despite macro events, China funds buoyant
The MSCI rejection of A-share inclusion, as well as Brexit, has had little impact on China-focused equity funds in the short-term, according to FE data.
H1: Big surprises in best and worst sectors
In a swift reversal from first half last year, China and UK equities are bottom performers and gold and LatAm have sprung to the top.
Credit Suisse launches PB app in Hong Kong
After rolling out a wealth management app in Singapore, the bank has introduced it in Hong Kong with Chinese language.
HK’s Tsang sets out financial industry plans
A financial industry training programme and the introduction of an open ended fund structure are two initiatives about to launch, said John Tsang, Financial Secretary of Hong Kong.
SFC bans ex-Wing Lung manager for life
Hong Kong’s Securities and Futures Commission banned
Liu King-yee, a former securities service manager, after she was convicted of fraud.
China’s banks seek Hong Kong WM operations
Mid-tier Chinese banks plan to expand wealth management activities in Hong Kong to serve mainland HNWIs, industry players said.
Hong Kong keen on more RMB products
Satisfied with the stock connect and MRF initiatives, the SFC now wants to bring in more complex China products, according the Hong Kong regulator’s annual report.
Volatility ramps up among top UK funds
Even the top five performing UK equity funds in Asia have lower performance and higher volatility than last year as the Brexit vote nears.
