Asia
Hong Kong plans to extend resolution powers to unregulated firms
Unregulated financial firms in Hong Kong will now be included in the city’s budding resolution regime, which will give the regulators greater powers to minimise the impact failed institutions have on the local economy.
Credit Suisse: China’s new middle class overtakes US
China has overtaken the US as the nation with the largest number of middle class adults in the world, according to a Credit Suisse report.
Gibraltar signs cooperation deal with Hong Kong on AIFs
The Gibraltar Financial Services Commission has signed agreements with the two major regulatory authorities in Hong Kong to improve cooperation in supervising the activities of alternative investment funds (AIFs).
Mirae targets Asia, Australia and Middle East
One of the world’s largest emerging markets investors, Mirae Asset Global Investments, explains why it is targeting wealth managers in Australia, Asia and the Middle East.
Hong Kong pilots scheme to streamline fund approval process
Hong Kong’s financial regulator is looking to speed up the application process for distributing funds across the region by piloting a new initiative.