Asia
imprisoned former credit suisse manager
A former Credit Suisse AG relationship manager in Hong Kong has been banned from re-entering the finance industry after being handed a seven year prison sentence at the end of last year.
axa completes purchase of 50 of chinese insurer
Axa has completed its purchase of a 50% stake in Chinese property and casualty insurance company Tian Ping.
standard chartered reported selling hk
Standard Chartered is looking to sell its Hong Kong consumer finance business, PrimeCredit, as part of a strategic repositioning, according to a published reports. The bank declined to comment.
former abn amro employee banned over forgery
Hong Kong's Securities & Futures Commission said it has banned a former employee of what at the time was known as ABN AMRO Bank from re-entering the industry for three years from 19 February, following his conviction in 2012 on one count of "copying a false instrument".
hk fund industry net sales slump in 2013
The Hong Kong fund industry witnessed a slump in net sales in 2013 over the previous year, according to Hong Kong Investment Funds Association, which attributed the decline to bond funds which saw net annual outflows for the first time since 2007.