Instead of a joint SFC-HKEx committee to rule on listings and develop policy, itself a compromise, investors are left with a consultative panel that lacks any formal powers.
Japan reportedly targets RQFII status; Singapore revises bond issue proposals; HKMA looks at bank sales practices; Chinese trading rule change to benefit QDII; Hong Kong activist warns over Moody's SFC fine; and big data helps China spot insider trading.
David Webb says "hats off" to Fidelity Worldwide Investment's new policy requiring company managers to better align compensation to shareholder interests.
Activist investor David Webb accuses Ronald Arculli of undermining any effort by other exchanges or alternative trading systems to compete with Hong Kong Exchanges and Clearing.
CPPIB, Omers and OTPP are busy hiring in the region for investment talent in credit, real assets and particularly equities. Omers is also planning to add office space in Singapore.
China Pacific Insurance appoints new chairwoman, COO; AMP's CEO to leave by third quarter; Robeco announces duo in senior China roles; Axa IM hires head of institutional sales for Asia; GLP names co-president for logistics; BlackRock sells onshore Korea distribution business; Income Partners poaches head of distribution from Vanguard; and more.
Swiss Re hires head of China asset management business; BlackRock deregisters its China WFOE; DWS names head of Apac insurance coverage; Amundi appoints first Asia sustainability officer; Manulife IM appoints senior portfolio manager for asset allocation; Morgan Stanley IM hires portfolio manager for A-shares; and more.
Although sustainable funds have seen increasing inflows amid growing environmental awareness and the spotlight on social issues due to Covid-19, the industry still lacks a standard definition of sustainable investing. Nicholette MacDonald-Brown, head of European blend equities at Schroders, explains the firm’s three-pronged approach of people, process and purpose.
The Singapore state fund recently bought into impact investing specialist LeapFrog, and is eyeing more investments that combine strong financial returns with a positive social effect.
Special purpose acquisition companies (Spacs) have gained ground as financing vehicles for companies looking to go public. But Asian family offices have yet to make many investments.
The Canadian and Korean asset management operations of two life insurers have agreed to jointly take advantage of rising institutional investor demand for Asian alternative assets.