Asia
SJP Asia reports £13m loss while CEO Bellamy to step down
David Bellamy, chief executive of St James’s Place (SJP), will step down from his role at the end of 2017 as the group’s Asian business reports a £13.2m (€15.5m, $16.4m) loss.
Harvest Global grows international distribution
Harvest Global Investments (HGI), the international arm China’s Harvest Fund Management, has unveiled a new global distribution network to drive its expansion plans and attract new investors around the world.
Swiss-Hong Kong fund recognition scheme garners interest
The planned Switzerland-Hong Kong mutual fund recognition scheme has already begun to attract interest from Asian fund managers interested in the lucrative Swiss market.
Asian equities defy Trump
Asian equities have given the US the finger. Despite Trump rejecting the TPP, the Asia stock market, as measured by the MSCI Asia ex Japan, was up 3.8% in sterling terms in January – a much better start to the year than all other major markets, bar Latin America.
China to lift 50% foreign ownership cap on life insurers
China is considering easing the 50% ownership cap on overseas life insurers buying domestic companies in the biggest shakeup of the industry in almost two decades.