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.
Philippines plans to implement ARFP; Mutual recognition a matter of timing, says Lam; Malaysia issues crowdfunding rules; Water Oasis ex-CEO admits to insider trading; Accountants settle US case.
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.