Tag: hong kong

A new rule announced by Hong Kong's regulators could be the first in a process of alignment with other jurisdictions. Crisis, what crisis? It’s business as usual for Hong Kong’s institutional investors. The UK asset manager will move William Lowndes to Hong Kong as head of Asian distribution to replace James Campion and has hired Jon Allen in Singapore. The law firm introduces a private-client practice for very high-net-worth individuals, families, trust companies and private banks. The Canadian fund house wants to emphasise its nimbleness and independence as it builds its new Hong Kong office. After falling since June, ITG's liquidity indicator for the region rose in December, helped by growing trading volumes and a drop in trading costs. Jitendra Somani and Edmond Ng are the latest additions to HSBC Securities Services’ Asia-Pacific global custody leadership line-up. Real estate investment trusts are to be governed by the same rules on mergers, securities and futures as listed companies, under a new proposal from Hong Kong's Securities and ... Baring Asset Management’s planned expansion in Hong Kong highlights the importance of China to the firm, says Marino Valensise, global chief investment officer. The territory is the first Asian market to receive the multi-manager product, but it may not prove as popular in the region as it has in the UK. A strong regulatory response is required post-crisis – but not too strong, says Martin Wheatley, Hong Kong's top securities supervisor. BNP Paribas Securities Services is set to expand in Asia after achieving Hong Kong general clearing participant membership. The fund house notes that valuations are attractive, but uncertainty still looms. Around 31% of employees surveyed are already considering moving to another MPF provider. South Korea is classified as a developed market. Red-chips will move from Hong Kong to China. Taiwan will stay an emerging market. China A-shares remain on a watch list. The db x-trackers US Dollar Money Market ETF, which was first listed in London in April 2008, is now listed on the Singapore and Hong Kong stock exchanges. Mirae Asset Global Investments launches its first retail fund in Hong Kong, which has three sub-funds that invest in China, Korea and Asia-Pacific ex-Japan equities. Hong Kong's Securities and Futures Commission and Taiwan's Financial Supervisory Commission sign a deal to facilitate the cross listing of exchange-traded funds. The sharp jump in month-on-month performance has a lot to do with previously low levels and improved investor sentiment, and less to do with definitive fundamentals. Singapore approves BNP Paribas Securities Services' first regional wholesale banking license.