The spread of central bank digital currencies could well complement and expand the tokenisation of other assets and the proliferation of digital bonds, say investment executives.
Central bank digital currencies are seen as more stable than Bitcoin, but they are not likely to be traded the way cryptocurrencies or forex are.
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Tokio Marine appoints new CEO for Asia region; Ben Rudd made CEO of Prudential Wealth Management; HKEX hires from Prudential; Samsung SRA appoints former KIC infra head as CEO; HSBC Asset Management appoints senior vice president; Morningstar names head of manager research for Europe and Asia; PGIM adds ESG lead for Europe and Asia; Apex Group adds Singapore managing director; and more.
Asia continues to lag other regions for integrating ESG principles with investing; better data and stronger regulatory requirements will help institutional investors, market observers say.
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Companies in major indices across developed markets will be expected to issue climate-related disclosures and have a third of their boards comprise women by 2023.
Weekly investor roundup: China Life Insurance's chair under investigation; Korea's NPS accused of being passive with climate crisis
The chair of China Life Insurance is under investigation for "serious violations of discipline and law"; Korea's National Pension Service was found to have been passive with efforts to mitigate climate change; Singapore's NTUC Income plans to spin off insurance business to new company; Temasek leads $300 million funding round alongside Qatar's SWF for Carsome Group; and more.
Digital asset regulation is an ever-evolving area, but there are clues that give away the direction that regulators are taking.
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A Global SWF report reveals how SOIs are tailoring their portfolios around Covid-19 to find alpha in venture capital and real estate.