Asia
CITIC and former directors facing legal action
State-owned Chinese conglomerate CITIC and five of its former directors are facing legal action from the Hong Kong authorities which allege they provided false or misleading information when the firm incurred “massive losses” in 2008.
Ashmore steps up operations in the Gulf
Ashmore appears to be stepping up its activity in the Middle East, with the appointment of its former Turkey chief executive to lead its efforts in Saudi Arabia.
Axa appoints two to Asia fixed income team
Axa Investment Managers has made two additions to its fixed income team in Asia, as it attempts to bolster its coverage of the region.
Manulife offers RMB
Manulife Asset Management (Taiwan) has introduced the country’s first RMB-hedged share class for a non-China focussed fund.
Lyxor launches LSE-listed China Ashares ETF
Lyxor has listed a China A-shares ETF on the London Stock Exchange in a bid to take advantage on increased investor appetite for the market.