MSCI changes tack on including China A-share in indexes

MSCI changes tack on including China A-share in...

Index provider MSCI has outlined new proposals designed to overcome issues preventing it from adding the shares of mainland Chinese companies to several key equity indexes, which should effectively allow a limited number of stocks to be included.

Published : 30, Mar 2017
UAE could face a ‘Hong Kong-style’ life sales slump

UAE could face a ‘Hong Kong-style’ life sales...Lock icon

Asia has traditionally been the principal market outside the UK for international life business but growth in sales from the two key regional hubs of Hong Kong and Singapore has come to a halt, says Provisca founder Bryan Low.

Published : 30, Mar 2017
Best and worst countries for expats

Best and worst countries for expats

With the clock now ticking on the UK’s departure from the European Union, some people are rethinking their living and employment situation. Click through the slides below to find the best and worst expat destinations, according to research firm InterNations.

Published : 29, Mar 2017
Standard Life cuts Asia insurance profile with Hong Kong sale

Standard Life cuts Asia insurance profile with...Lock icon

Standard Life has agreed to sell its wholly-owned Hong Kong life operation to its Chinese joint venture company Heng An Standard Life Insurance Company (HASL), underlining its move towards an investment-led business focus.

Published : 29, Mar 2017
 India’s largest bank to sell life unit stake in IPO listing

India’s largest bank to sell life unit stake in...

India's largest lender, the State Bank of India (SBI), has announced that it is looking to sell a 10% stake in a life insurance joint venture with SBI Life, as it prepares to launch an initial public offering (IPO).

Published : 28, Mar 2017
Life insurance business in Hong Kong up nearly 50% last year

Life insurance business in Hong Kong up nearly...Lock icon

Life insurance and annuity business in Hong Kong increased by 49% in 2016 to HK$179.1bn (£18.4bn, $23bn, €21.3bn), latest figures released by the Office of the Commissioner of Insurance (OCI) show.

Published : 27, Mar 2017
Thai regulators continue to shape investment industry

Thai regulators continue to shape investment industry...

A new mandatory provident scheme and stronger disclosure rules will impact asset and wealth managers, according to Kittikun Tanaratpattanakit, senior research analyst at Morningstar Thailand.

Published : 24, Mar 2017
Singapore regulator calls for end to ‘plague of misconduct’

Singapore regulator calls for end to ‘plague of...

The financial industry continues to be “plagued by egregious misconduct” and requires signficant reform, the Monetary Authority of Singapore’s managing director has said.

Published : 23, Mar 2017
JP Morgan to roll out more funds in China

JP Morgan to roll out more funds in China

JP Morgan Asset Management plans to launch more funds for China distribution through the mutual recognition of funds scheme, even though overall MRF sales have been slowing, said Henry Tong, head of China retail business.

Published : 23, Mar 2017
US justice department probes Jho Low role in 1MDB scandal

US justice department probes Jho Low role in 1MDB...

US authorities are planning to file criminal charges against Malaysian financier Jho Low in connection with the stricken sovereign wealth fund 1Malaysia Development Bhd (1MDB), the Wall Street Journal reported.

Published : 22, Mar 2017
Hong Kong regulator freezes accounts in US Ponzi scheme

Hong Kong regulator freezes accounts in US Ponzi...Lock icon

Hong Kong’s Securities and Futures Commission (SFC) has obtained an interim court order to freeze bank accounts connected with a suspected $15m (£12.1m, €13.9m) US Ponzi scheme that invested in Brazilian and African gold mines.

Published : 22, Mar 2017
Hong Kong Life Insurance sold in $914m deal

Hong Kong Life Insurance sold in $914m deal

Hong Kong Life Insurance has been sold to local investment firm First Origin International for HK$7.1bn (£738m, $914m, €850m) in the latest insurance M&A deal in the special administrative region.

Published : 22, Mar 2017
Indonesia hauls in a surprise $330bn from tax amnesty

Indonesia hauls in a surprise $330bn from tax...

Indonesia has raised more than $330bn (£265bn, €381bn) from at least 745,000 taxpayers as its tax amnesty approaches next week’s closing date of 31 March.

Published : 21, Mar 2017
Sacked Praemium CEO Ohanessian tries to oust chairman

Sacked Praemium CEO Ohanessian tries to oust chairman...

Former Praemium chief executive Michael Ohanessian has requested the company hold a general meeting in a bid to oust chairman Greg Camm and three directors.

Published : 20, Mar 2017
Aiming to replicate the success of Samsung

Aiming to replicate the success of SamsungLock icon

Korean asset manager Mirae has expanded across Asia, established itself in Europe and continues to grow. Jung Ho Rhee explains how the firm capitalises on a special understanding of key consumer trends in developing markets.

Published : 17, Mar 2017
Manulife wins wholly foreign-owned enterprise license in China

Manulife wins wholly foreign-owned enterprise...

Manulife Investment (Shanghai) has been granted the wholly foreign-owned enterprise (WFOE) license with a registered capital of RMB 50m ($7.3m), the firm has announced.

Published : 16, Mar 2017
Guernsey secures MoUs with all Chinese finance regulators

Guernsey secures MoUs with all Chinese finance...

The Guernsey Financial Services Commission (GFSC) has secured memoranda of understanding with all of China’s financial services regulators after signing an agreement with the China Insurance Regulatory Commission (CIRC) on Tuesday.

Published : 14, Mar 2017
Asia drives strong results for Prudential

Asia drives strong results for Prudential

Prudential’s new business sales of life products rose by 19% to £6.3bn ($7.7bn, €7.2bn) with strong growth in Asia and the UK offsetting a decline in the US market.

Published : 14, Mar 2017
Capital Group to launch US bond fund in Asia

Capital Group to launch US bond fund in Asia

Despite expectations of rising US interest rates, Capital Group intends to launch a bond strategy in Asia that targets investment grade US corporates.

Published : 14, Mar 2017
St James’s Places launches int’l investment plan in Hong Kong

St James’s Places launches int’l investment plan...

St James’s Place has launch the international investment plan (IIP), an investment-linked assurance scheme (ILAS), in Hong Kong.

Published : 14, Mar 2017

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Best and worst countries for expats
Best and worst countries...

With the clock now ticking on the UK’s departure from...

FPI up for sale with Utmost Wealth 'in the running'
FPI up for sale with...Lock icon

Friends Provident International is up for sale with...

UK/UAE treaty allows expats to cash out pensions tax free
UK/UAE treaty allows...Lock icon

A new UAE-UK double tax treaty, which came into force...

Italy introduces non-dom tax breaks to lure wealthy foreigners
Italy introduces non-dom...

Italy has introduced a flat rate of tax aimed at attracting...

Standard Life cuts Asia insurance profile with Hong Kong sale
Standard Life cuts Asia...Lock icon

Standard Life has agreed to sell its wholly-owned Hong...

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