Asia
Disgraced top Chinese insurance regulator expelled
The former chairman of the China Insurance Regulatory Commission (CIRC) has been expelled from the ruling Communist Party following allegations of corruption.
BlackRock partners with KBank on absolute return fund
Thailand’s Kasikornbank (KBank) has teamed up with Blackrock to launch the Kasikorn Equity Absolute Return Fund.
Rich get richer: global high net worth wealth hits $64trn
The global wealth of high net worth individuals rose by 7.5% in 2016, presenting an opportunity for wealth managers and technology firms, according to the Capgemini World Wealth Report 2017.
Value Partners in fund distribution pact with Forbes
Hong Kong’s Value Partners has formed a strategic partnership to distribute funds with media company Forbes, which is branching into financial services.
Hong Kong fund industry tax concerns under review
The Hong Kong Government will be conducting a comprehensive review of the existing tax concessions applicable to the fund industry, according to Paul Chan, Hong Kong’s financial secretary.