The national security law will tarnish the territory's financial credentials, but financial firms keen to expand in China are expected to maintain their presence in Hong Kong.
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Ashley Alder reappointed as head of Hong Kong's SFC; Savills IM hires new senior executive for pan-Asia investments; T. Rowe Price appoints new head of Australia, New Zealand distribution; HSBC Private Banking names new head of products, investments; NN Investment Partners hires EM debt head; SC Lowy adds Europe head and more.
Allianz Real Estate opens Shanghai and Tokyo offices and adds China acquisitions exec; Goldman to slow wealth hiring, plans staff return to offices; MSCI names Apac head of real estate coverage; Taiwan FSC names new chairman; HK SFC bans ex-fund manager; First State names infra head, shuffles senior execs.
The US multi-affiliate firm, formerly Old Mutual Asset Management, is closing its Hong Kong umbrella sales office as part of a change in strategy amid the Covid-19 pandemic.
Some private equity firms could struggle to get money for China-focused funds amid rising Sino-US tensions and after a private equity-backed mainland company admitted to fraud.
The Hong Kong-based insurer is looking to investment-grade bonds in the region as it seeks decently yielding debt that is unlikely to be downgraded into junk territory.
The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices?
The emerging markets fund manager has reduced headcount and handed back its licences in Hong Kong in the face of economic uncertainty. But it retains a research function in the city.
Hong Kong’s mandatory provident fund trustees are facing a backlash for receiving high fee incomes despite offering poor returns and could see pressure to allow withdrawals.
What are Beijing's economic priorities this year, and how much will China's economy expand in 2020? Seven experts shared their opinions.