Asia
Standard Life posts £5m loss in Hong Kong amid global job cuts
Standard Life lost £5m (€5.9m, $6.4m) last year from its wholly-owned business in Hong Kong as it confirmed that more than 800 jobs will be lost after it merges with Aberdeen Asset Management.
Hong Kong-Swiss scheme to join fund passport club
A Switzerland-Hong Kong fund recognition scheme is looking to gain traction in Asia, following closer links between the two countries in recent months.
Tighter rules unveiled for HK platforms and robo-advisers
Hong Kong’s Securities and Futures Commission (SFC) has proposed a set of suitability requirements for online platforms and robo-advisers which sell ‘complex’ investment products.
ESG has evolved to active stock picking, says East Capital
ESG investing moved on from simple exclusion screening long ago, said Karine Hirn, partner at East Capital.
Chinese regulator ‘shows its teeth’ in insurance clampdown
China’s insurance regulator has issued its third warning in just nine days, announcing a clampdown on life insurers just weeks after the high-profile sacking of its top official in a corruption scandal that rocked the industry.