The controversial mechanism within Hong Kong's Mandatory Provident Fund scheme is to be removed by 2024. This is seen as good news for pension savers and asset managers.
The biggest Chinese private bank aims to greatly increase its Hong Kong relationship managers, but a senior executive admits achieving this goal will be very challenging.
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.
The rising tide of cross-border regulation is making life difficult, argue senior traders at big fund houses, who want to see greater consistency across jurisdictions.
Authorities release draft regulations for the pending scheme to link the two bourses, although updates on taxation and how trades can be placed are still to be announced.
UK-based Old Mutual Global Investors is expanding its network of private banks in Asia and plans to register funds for retail distribution in Hong Kong and Singapore.
Capital Group names new Japan president; Robeco replaces Singapore chief; Hillhouse Capital hires ex-Blackstone MD; Vontobel expands EM debt team; HSBC Global AM names Apac ETF sales head; Manulife creates new digital business role; Stanchart names CIO for wealth management; TMF appoints fund services exec in Shanghai; and more.
The Korean public pension fund has split its global public market division and will hire 38 personnel across divisions as it looks to drastically increase overseas investments by 2025.
Experts say the country's debut sovereign wealth fund needs full investing independence to attract international assets, but this appears unlikely according to current plans.
The number of lenders reducing their Asian exposure is seen to be growing fast amid the coronavirus crisis, leaving asset managers keen to fill the financing gap.
HSBC Global AM appoints new Asia fixed income chiefs; PAG names Japan PE co-heads; EquitiesFirst names Beijing office head; Noah Holdings CIO resigns; Pictet replaces Singapore chief; HKEX names interim CEO; Tahnoon Pasha departs Spencer Stuart and Asia; Newton IM poaches Aviva Investors' CEO.
The past year has seen something of a growth spurt for green bonds, with the market heading toward the $1 trillion milestone, according to data from the Climate Bonds Initiative and Bloomberg. It has also seen the emergence of social bonds, used for social investments with aims such as expanding access to healthcare and education. As well as significant government bond launches, there has been increased issuance from the corporate sector and from a wider range of businesses and industries.
In a recent webinar, AsianInvestor spoke to top experts on emerging market (EM) corporate debt to get a better sense of the opportunities, risks and rewards that investors should be familiar with. To continue the conversation, we followed up with panelists to further explore some key issues.
Taiwan’s state pension fund has pledged to regulate external managers more strictly after the bribery scandal, but the additional red tape could turn away some fund houses.
Studies show that when comparing the long-term returns of listed and unlisted real estate vehicles based on the same underlying assets, the listed sector is an effective proxy for direct property investment. However, listed real estate (LRE) has the benefit of higher transparency, diversification, unmatched liquidity and a lower hurdle to global access compared to direct property.