Asia
Hong Kong’s ‘Toy King’ billionaire sues Convoy director
A Hong Kong billionaire has launched a HK$309m (£28.4m, $39.4m, €31.8m) lawsuit against his business partner and former Convoy director Roy Cho Kawi-chee, who has not been seen since November.
EU adding two Commonwealth, one US territory to tax blacklist
EU officials are set to add the Bahamas, St Kitts and Nevis and the US Virgin Islands to its tax haven blacklist, taking the total number of jurisdictions on the list to nine.
Eastspring establishes onshore presence in China
Eastspring Investments has joined the growing list of foreign asset managers who have set up an investment management wholly-foreign owned enterprises (IM Wfoe) in China.
China’s wealthy send $172bn offshore in three years
A “staggering” $172bn in Chinese funds have been deposited offshore by non-bank institutions in just three years, according to a report by Knight Frank.
Aviva fires up Hong Kong joint venture with Tencent
Aviva Asia will launch a Hong Kong joint venture in the first half of 2018, as the group shifts its investment focus to high growth markets.