Asia
former citic pacific exec jailed for insider
A former assistant director of finance at CITIC Pacific, a Hong Kong based property and mining company, has been jailed and fined for insider dealing.
hong kongs affluent optimistic for market over
The “aspiring affluent” and affluent in Hong Kong are more optimistic about the next six months than their Singaporean counterparts according to a recent survey which also found the majority plan to review their investments.
not for profit pension providers recommended
Hong Kong’s Mandatory Provident Fund Schemes Authority is urging the government to consider a number of recommendations to help drive down fees and improve performance of MPF retirement schemes, even going so far as to suggest the use of not-for-profit providers.
banks share of indian insurance market growing
As they have tended to do in other emerging markets, banks have increased their share of the market for life insurance in India over the past six years, significantly reducing the business handled by individual insurance agents, representatives of Standard Life’s India joint venture insurance business told analysts and investors in London.
singapore government grants regulator wider powers
The Singaporean government has passed two Bills aimed at strengthening investor protection and increasing the Monetary Authority of Singapore’s powers of enforcement, as it seeks to emulate regulators in Australia and the UK.