Asia
Chinese prosecutor war on ‘financial crocodiles’ gathers pace
China’s top prosecutor has vowed to intensify a crackdown on financial crimes disrupting the country’s securities and futures markets.
India’s Centrum Group gets broking licence, plans expansion
Indian financial conglomerate Centrum Group has obtained an insurance broking licence from the Insurance Regulatory and Development Authority of India (IRDAI), with which it plans to expand its business.
Aussie watchdog reports 300% jump in misconduct compensation
Client compensations for misconduct in the Australian financial services industry nearly tripled to A$618.8m (£381.2m, $490m, €416.2m) in the first half of the year, figures contained in the Australian Securities and Investments Commission (Asic) biannual enforcement report show.
Deutsche AM defends listed infrastructure investment
Following academic criticism that listed infrastructure investments don’t deliver infrastructure-like returns, Deutsche Asset Management’s head of liquid real assets for Asia & Europe has come to the asset class’s defence.
European Wealth revamps fund to attract clients in Far East
European Wealth has unveiled a new name and investment policy for its global opportunities fund in a push to attract new business in the Far East.