MAS names sustainability head; Malaysia’s EPF appoints COO and CFO; GIC PE head for SEA leaves; State Super hires new exec; Hesta appoints chief growth officer, chief Debby Blakey appointed to corporate governance board; ex-BlackRock exec joins IQ-EQ in Singapore; HSBC AM builds direct real estate team; ex-Vanguard head of distribution joins LGIM; Sanne names Singapore head; and more
All submissions will be reviewed by a judging panel on a blind basis, with Cynthia Chung, Honorary Legal Advisor, Hong Kong Retirement Schemes Association (HKRSA) administrating the competition and ensuring anonymity for all submissions and impartiality among the judges. The judges are Anthony Griffiths, Provident Funds Trustee; Peter Wong, HKRSA; and Jame DiBiasio and Jonathan Watkin, AsianInvestor.
All submissions must be made to Ms. Chung by March 20, 2006. Address entries to her at [email protected] or in person to the Office of HKRSA (2202, Lippo Tower 11, Queensway) under the subject heading "AsianInvestor Competition". The winner will be announced at AsianInvestor's annual Achievement Awards dinner on Friday, May 19. AsianInvestor will endorse the winning proposal, publish it in our June edition and disseminate it among key Hong Kong policymakers and media.
The judges welcome proposals that are simple to understand and implement, and will have a substantive impact. Lateral thinking is welcome. Proposals should:
- Address the aging issue and the World Bank's multi-pillar recommendation
- Reduce complexity
- Help to build an adequate and sustainable retirement income
- Promote confidence in retirement savings, and promote incentives to save
- Increase universal savings
- Be equitable
- Be cost-effective (and realistic) from a government's perspective
- Be cost-effective for retirement schemes and funds to implement and run, and
- Be accountable and secure from a regulator's (and consumer's) perspective
The AU$85 billion ($61.6 billion) Australian super fund has some exposure to indebted property developer Evergrande. Meanwhile, China’s construction finance is part of its core strategy in real estate.
Investors are seeing the risks, but also the opportunities of the logistics sector. Warehousing their fears for the moment, they can see it's a good conduit to high-growth assets.
Insto roundup: GPIF staff say J-Reits more attractive than traditional assets; Hong Kong's strict Spac criteria
EISS Super hit by another scandal; China's CSRC launches consultation on disclosure requirements for new BSE securities; Hong Kong issues consultation paper on Spacs; New World Development partners with China Taiping to focus on Greater Bay Area projects; GPIF employees say Japanese Reits have grown more attractive; Taiwan's BLF invites bid for $1.7 billion mandate; and more
SGX’s new framework for Spacs will likely provide investors with a much-needed channel for direct deals, but the verdict is still out on whether it will bring liquidity to the bourse.