Asset managers and asset owners alike should not rely on ESG specialists from abroad, as developing local expertise is critical in the market, said KPMG and HKIFA.
The Hong Kong Investment Funds Association is firmly against stock exchange proposals to allow dual-class share structures. But asset managers are divided on the issue.
The long-awaited trading link received approval yesterday and is set for launch in December with no aggregate volume limit and exchange-traded funds to be included next year.
Asset managers point to changes they would like to see under the China-Hong Kong mutual recognition scheme to make it a more cost-effective business proposition.
As Hong Kong's Mandatory Provident Scheme Authority releases its 15-year performance review ahead of reforms due this year, the city's funds industry still sees issues to be tackled.
The number of international fund managers using the Shanghai-Hong Kong trading link has risen significantly in the past year, despite the turmoil in Chinese equity markets.
Rest Super names two new investment heads; BlackRock names co-heads of sustainable investment for Apac; AIA appoints Cambodia chief; Barings names head of institutional sales for Greater China and SE Asia; MUFG hires Asia head of ESG finance; and more.
The two investors' new JV underlines Temasek's commitment to carbon neutrality, but other sovereign wealth funds are unlikely to follow with their own venture capital investments.
Prudential Asia’s asset management arm says the senior multi-asset portfolio manager for some of its big participating funds is going on sabbatical after 20 years with the firm.
The Hong Kong-listed shares of mainland companies should receive more interest as Chinese pensions and global investors seek to benefit from relatively low valuations.
The Canadian pension fund is transferring a senior portfolio manager from Singapore with a view to expanding and internationalising its capital markets team further.
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 financial meltdown of the family office has highlighted a need for greater risk control and a more cautious approach to portfolio diversification among its peers.