Asia
China to crack down on ‘barbaric’ life insurers
China’s insurance regulator is to introduce measures aimed at curbing the investment activities of life insurers following a string of high-profile suspensions over stock market speculation.
Asia’s wealth managers turn to local markets for new hires
Wealth management firms in Asia are ramping up domestic recruitment due to rising demand by Asian clients for advice from managers with local knowledge, language skills and cultural understanding.
Singapore regulator considers ethics training for advisers
The Monetary Authority of Singapore (MAS) is looking to introduce an ethics module in exams taken by financial advisers and capital markets intermediaries, in the wake of the 1MDB scandal.
Hong Kong fund sales plunge by 15%
Sales of collective investment schemes in Hong Kong dropped by 15% from HK$65bn ($8.4bn, €7.9bn, £6.65bn) to HK$55bn during the period April 2015-March 2016, according to the SFC’s yearly survey.
RL360° gains Malaysia licence, opens office
RL360° has opened a new branch office in Kuala Lumpur, Malaysia, after it was granted a license by the Labuan Financial Services Authority (LFSA).