Asia
Singapore and Australia ink cross-border fintech pact
The Monetary Authority of Singapore (MAS) and the Australian Securities and Investments Commission have signed an agreement to facilitate the development of cross-border financial technology (fintech) businesses.
Feifa partners with Hong Kong’s Legacy
The Federation of European IFAs has entered into a new partnership with Hong Kong-based Legacy Trust Company.
Mirae joins parade of oil ETFs in Hong Kong
After recent oil ETF launches by China’s CSOP and Samsung AM in Hong Kong, Mirae Asset Global Investments has followed with its own product.
Schroders and State Street fined by Hong Kong regulator
Schroder Investment Management (Hong Kong) and State Street Global Advisors have been fined by Hong Kong’s Securities and Futures Commission (SFC) for two separate regulatory breaches.
HK rules seen as bottleneck to rise of robo-advisers
Hong Kong regulations require human involvement rather than an automated process in order to provide wealth management services, said iFast Financial (HK) chief operating officer Kelvin Yip.