Asia
Hong Kong financial bodies unite to raise standards
Two major financial organisations in Hong Kong have merged to help strengthen professionalism within the region’s insurance and financial services market.
Jersey’s Enhance Group to open Asia office
Jersey-based investment and wealth consultancy Enhance Group said it will open a Singapore office to tap into the growth of private wealth across Asia.
China’s trading freeze may undermine MSCI inclusion
The recent suspension of trading in 1,300 A-share stocks could delay their much-awaited inclusion in MSCI’s emerging market index, fund houses said.
Hong Kong asset managers jump on mutual recognition of funds initiative
Hong Kong has received 14 applications for products wishing to take part in China’s mutual recognition of funds (MRF) scheme, a new initiative which has loosened the flow of cash between the two regions.
Asia ‘behind curve’ in use of passive strategies
Global flows into exchange-traded funds may be steadily rising, but ETF usage is lagging among wealthy clients in Asia, according to Roger Bacon, Asia-Pacific head of managed investments at Citi Private Bank.