HK confirms scrapping of MPF offset mechanism
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.
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China Merchants Bank aims to double Hong Kong RMs
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.
HK urged to boost retirement schemes with tax breaks
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.
Traders flag concerns over extra-territorial rules
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.
Mechanics of HK, Shanghai stocks-link unveiled
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.
Old Mutual boosts sales team, eyes retail market
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.
