Asia
Manulife wins wholly foreign-owned enterprise license in China
Manulife Investment (Shanghai) has been granted the wholly foreign-owned enterprise (WFOE) license with a registered capital of RMB 50m ($7.3m), the firm has announced.
Guernsey secures MoUs with all Chinese finance regulators
The Guernsey Financial Services Commission (GFSC) has secured memoranda of understanding with all of China’s financial services regulators after signing an agreement with the China Insurance Regulatory Commission (CIRC) on Tuesday.
Asia drives strong results for Prudential
Prudential’s new business sales of life products rose by 19% to £6.3bn ($7.7bn, €7.2bn) with strong growth in Asia and the UK offsetting a decline in the US market.
Capital Group to launch US bond fund in Asia
Despite expectations of rising US interest rates, Capital Group intends to launch a bond strategy in Asia that targets investment grade US corporates.
St James’s Places launches int’l investment plan in Hong Kong
St James’s Place has launch the international investment plan (IIP), an investment-linked assurance scheme (ILAS), in Hong Kong.