Asia
China’s ‘barbaric’ insurers continue to invest in risky assets
Life insurers in China will continue to invest in risky assets, despite a recent clampdown by the country’s insurance regulator amid a string of high-profile suspensions over stock market speculation, according to a report by Moody’s Investors Service.
Sales of life products in Singapore grow by 15%
Singapore’s life insurance industry continued to grow in the fourth quarter of last year driven by rising sales in annual premium products, latest figures show.
HSBC GAM launches Asian high income product
HSBC GAM has launched a new product called the Asia High Income Bond Fund, which is said to have a balanced approach between the firm’s existing Asian bond and high yield strategy.
HK regulator continues crackdown with ex-HSBC adviser ban
Hong Kong’s Securities and Futures Commission (SFC) has reprimanded, banned or taken action against 13 companies and individuals since the start of 2017, most recently banning a former HSBC adviser from re-entering the financial services sector for life.
Guaranteed funds ordered to change their names in China
The 151 guaranteed funds sold in China, will henceforth be called “risk-hedging strategy funds” to reflect their potential risks, according to the new guidelines released by the China Securities Regulatory Commission.