Asia
Indonesian tax amnesty a boost for wealth management sector
Indonesia is to offer generous incentives for tax evaders to regularise their finances, a move that has been welcomed by the country’s wealth managers, reports Reuters.
Hong Kong to allow high risk ETFs under tight controls
Hong Kong’s main securities regulator has announced plans to allow a limited range of leveraged and inverse products, which are effectively higher risk exchange traded funds (ETFs), to be sold to the public.
ANALYSIS: Beware China’s rapidly diminishing cash pile
The ‘humiliation’ of emerging markets, led by China, is currently at an extreme says Bank of America Merrill Lynch.
China curb on credit card premium payments hits insurers
China’s reported crackdown on capital outflows by restricting the use of a major credit card to purchase insurance products in Hong Kong hit shares of some of the region’s top insurers on Wednesday.
Singapore can still be a honeypot, says Globaleye’s Murphy
Despite an exodus of life companies and increasing oversight, Globaleye’s Byron Murphy says Singapore, in offering high-quality advice, remains a honeypot for IFAs.