Fund managers debate concerns that Hong Kong’s stock market is beholden to the immaturities of trading in mainland China.
Brokers prop up China stocks; Safe authorises new players for interbond market; and more.
Smaller private banks and hedge funds in Asia are prime targets for money laundering.
The Sydney-based insurer has appointed Mark Lingafelter to develop the region into a growth engine for QBE group. He will oversee underwriting, distribution and overall management.
The city's funds association has tabled proposals which would see savers offered tax incentives and cash rebates in return for higher levels of pension contributions. But the plans face a sceptical public.
Singapore and Hong Kong have the ability to make successful inroads into the financial technology market, backers of the cities say. It follows recent criticism of the cities' regulatory regimes and fintech prospects.