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.
The US custodian bank has made two internal promotions as it seeks to drive greater collaboration across its investment services and investment management units.
Institutional investors that trade multiple Asian markets using swaps and synthetics may see their block size orders getting a later priority than other investors.
The first products must be quality and meet investor expectations, while clarity is needed on how long’s Hong Kong’s sole partner status will be exclusive, the Asian Financial Forum hears.
The SFC’s Alexa Lam and CSRC’s Xu Hao discuss the timing of the HK-China passport scheme, indicating the launch will follow the RQFII model and could be imminent.
Traders and brokers have set aside competing commercial interests to develop a due diligence checklist to comply with Hong Kong's incoming regulatory regime for e-trading.
It is transferring its fixed income team to Hong Kong, while building in equities. It aims to expand manufacturing, targeting offshore RMB products and cross-border mutual recognition.