Asia
HK shell company sold by deVere suspended by insurance regulator
Shell company Devere Group Hong Kong Ltd, which is no longer owned by the deVere Group, having been sold last year, has had its licence suspended by the Hong Kong insurance regulator.
China opens door further by clarifying ‘beneficial ownership’
The China Securities Regulatory Commission has said Northbound investors buying through the Stock Connect enjoy proprietary rights, clarifying a key outstanding issue for foreign investors.
HEAD-TO-HEAD: BlackRock Asian Dragon vs Investec Asian Equity
China’s central bank announced a cut in its benchmark interest rate on 10 May, the third reduction since last November, in attempt to combat an economic slowdown and relieve deflationary pressures.
Desmond Ng to lead Allianz Global’s Asia business
Desmond Ng has been named as the next head of Asia-Pacific, replacing Douglas Eu who is taking charge of the firm’s US operations.
Manulife Singapore launches new investment-linked plan
Manulife Singapore has launched a regular premium investment-linked plan designed to help clients grow their wealth by investing 100% of the premium right from the beginning.