Asia
Hang Seng to take majority stake in Chinese asset manager
Chinese regulators have approved Hang Seng Bank’s application to take a majority stake in a new asset manager, making the newly-formed company the first onshore fund house with a majority stake held by a non-mainland entity.
Zurich sells general insurance operations in Taiwan
Zurich Insurance Group has sold its general insurance operations in Taiwan as part of its efforts to reshape its global organisation and stem a decline in profitability.
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.