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.
Beijing will likely require asset owners play a bigger role in ESG investing as part of broader sustainability plans when it announces its five-year plan later this year, according to KPMG.
The city’s annual budget had little to offer to encourage people to put more aside for retirement. That’s a mistake, given its fast-ageing populace.
Industry observers expect to see stricter regulations imposed on internet financing firms after the closure of online P2P platform Ezubao.
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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.
Multinational fund houses with operations in Asia are being urged to pay attention to new proposals by OECD members to clamp down on tax loopholes over the next two years.
Sponsors in Asia will have to come up with more innovative ways to exit investments if they want to attract investors' capital to the region, industry players agree.
Trust companies may be booming in China, but the banking regulator is starting to scrutinise the shadow-banking role they play.
A report released by the two parties, plus KPMG, projects that returns from Asian real estate investments will remain higher than the global average.
The demand among pension funds around the world is a major factor behind the blurring of alternative and traditional investment managers, says KPMG.
KPMG Hong Kong has made four new appointments based in Hong Kong and Beijing.