shanghai unveils plans for its own yuan

shanghai unveils plans for its own yuan

In what is being viewed as a challenge to the ambitions of Hong Kong, and possibly London, to become major players in the trading of renminbi, Shanghai yesterday threw its hat into the ring.

Published : 31, Jan 2012
mourant ozannes opens first asia office

mourant ozannes opens first asia office

Offshore law firm Mourant Ozannes has opened an office in Hong Kong, its first in Asia.

Published : 30, Jan 2012
new antimoney laundering guidelines

new antimoney laundering guidelines

A new set of guidelines on anti-money laundering and counter-terrorist financing has been published by the Securities and Futures Commission in Hong Kong.

Published : 27, Jan 2012
hsbc sells thai wm arm to krungsri

hsbc sells thai wm arm to krungsri

HSBC has entered an agreement to dispose of its Thailand-based retail banking and wealth management arm, and expects the deal to be completed in the first half of 2012.

Published : 26, Jan 2012
singapore implements strict rules for rating

singapore implements strict rules for rating

The Monetary Authority of Singapore has implemented a new regulatory framework and code of conduct for credit rating agencies (CRA).

Published : 19, Jan 2012
aam lures shoon from ipp

aam lures shoon from ipp

AAM Advisory, an expat-focussed Singapore advisory firm which had its origins as a local franchise of PKF, has lured Mark Shoon from IPP Financial Advisers to be its head of compliance.

Published : 19, Jan 2012
kinetic opens first office in asia

kinetic opens first office in asia

Kinetic Partners, a company which provides professional services to the asset management, investment banking and broking industry, has opened its first office in Asia.

Published : 19, Jan 2012
manulife hong kong sales force hits 5000

manulife hong kong sales force hits 5000

The number of full-time agents selling Manulife insurance products in the Hong Kong market touched 5,000 at the end of 2011, a 9% increase over the preceding 12 months, Manulife Hong Kong said yesterday.

Published : 16, Jan 2012
osborne says london to trade renminbi

osborne says london to trade renminbi

UK Chancellor George Osborne today announced plans to make the City of London a major international renminbi trading centre, as Britain seeks to establish itself as major player in the increasingly important Chinese currency trade.

Published : 16, Jan 2012
hk regulator disciplines brokers

hk regulator disciplines brokers

The Securities and Futures Commission has fined a former broker at Fulbright Securities Limited HK$50,000, and suspended the licence of a CITIC Securities Brokerage supervisor.

Published : 12, Jan 2012
skandia broker in hk commission case win

skandia broker in hk commission case win

Royal Skandia and a local insurance broker have won a High Court case in Hong Kong over commission disclosure that is seen as having potentially significant, and positive, repercussions for the jurisdictions insurance brokerage and advice industries.

Published : 11, Jan 2012
sturgeon plans central asian equities fund

sturgeon plans central asian equities fund

Hedge fund manager Sturgeon Capital plans to launch a Ucits-compliant Central Asia Equities Fund, offering investors exposure to such markets as Kazakhstan, Turkmenistan and Georgia.

Published : 9, Jan 2012
axa announces ipac closures in hk singapore

axa announces ipac closures in hk singapore

Axa has announced that it plans to close its Ipac financial planning businesses in Hong Kong and Singapore in the first half of 2012, as it seeks to shift its focus in Asia back to insurance.

Published : 9, Jan 2012
frustration among hk insurance brokers

frustration among hk insurance brokers

Insurance brokers in Hong Kong are expressing frustration over an industry agreement that they inform clients whenever they are due a commission from the sale of insurance products, even though their main rivals in the marketplace insurance agents, which typically represent the major insurance giants do not have to.

Published : 5, Jan 2012
axa sells hong kong based Ipac advisory firm

axa sells hong kong based Ipac advisory firm

Axa Group is looking to sell those parts of its Hong Kong-based Ipac advisory company that it did not dispose of last year, as it seeks to bring to an end a nine-year affiliation with the self-described holistic lifestyle financial planner, market sources say.

Published : 4, Jan 2012
india to open stock market to foreign investors

india to open stock market to foreign investors...

Foreign investors are to be allowed direct access to Indian equities, in a policy shift designed by the Indian government to increase the depth of the stock market and increase foreign inflows into the country.

Published : 3, Jan 2012
guernsey signs tiea with India

guernsey signs tiea with India

Guernsey has signed a Tax Information Exchange Agreement (TIEA) with India, the 13th with a G20 member.

Published : 21, Dec 2011
singapore based uob am fined

singapore based uob am fined

The Monetary Authority of Singapore (MAS) has fined UOB Asset Management S$50,000 for failing to issue monthly statements to its customers over a six year period.

Published : 21, Dec 2011
nikko am extends asian reach with indian jv

nikko am extends asian reach with indian jv

Tokyo-based Nikko Asset Management has broadened its reach in Asia, with the announcement of a joint venture with Indian company Ambit Holdings Private Limited.

Published : 19, Dec 2011
bogus facebook adviser fined hkd20000

bogus facebook adviser fined hkd20000

An unlicensed adviser was today fined HK$20,000 and given a community service order of 80 hours, for advising on securities via the social networking website Facebook.

Published : 15, Dec 2011

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