Asia
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.
asifma forms asset management group
The Asia Securities Industry and Financial Markets Association (ASIFMA) has launched an asset management group to advocate the views and interests of Asian asset managers at local, regional and global levels.
singapores life industry posts
Singapore’s life insurance industry saw total weighted new business premiums last year jump by more than a quarter, or 28%, over 2012’s total, which itself was a record.