Asia
Great Eastern sells Vietnam business to FWD Group
FWD Group, the insurance arm of Asia-based Pacific Century Group, has secured regulatory approval to buy Great Eastern Life’s Vietnamese business for S$48.2bn (£24.5bn, $35.6bn, €32.3bn).
Advice firms in Hong Kong come to terms with new rules
Independent financial advisers in Hong Kong have spent much of May coming to terms with further substantial changes to the region’s previously light touch regulatory regime.
Fitch sees surge in China’s fund market
China is the fastest-growing mutual fund market globally, with mutual-fund assets that nearly quadrupled over the last four years, the ratings firm said.
Singapore emerging as top fintech hub – Baker & McKenzie
The southeast Asian capital Singapore is busy building a infrastructure, but Hong Kong serving as a base for Chinese fintech companies, according to law firm Baker & McKenzie.
BlackRock, Nomura, Avanda get new China RQFII quotas
Blackrock, Nomura AM and Avanda IM have all received new RQFII quotas for investing in China after the scheme was expanded by RMB21.2bn ($3.22bn, £2.24bn) in April, according to the latest data from State Administration of Foreign Exchange.