Asia
cic fined by hong kong regulator
The Securities and Futures Commission in Hong Kong has fined and reprimanded CIC Investor Services for its failure to comply with professional investor regulation.
asia sales helps prudential hit near 30 increase
Asia continues to be one of the fastest growing markets for Prudential, with the region’s new business profit jumping by 15% year-to-date for the company, bolstered by significant growth in the key markets of Hong Kong, Singapore and Indonesia.
hong kong unveils plan to create independent
Hong Kong has unveiled plans to replace its Office of the Commissioner of Insurance, a government body, with a new, independent insurance regulator, and has set an 11 October deadline for public and industry comment on the plan.
hk in second consultation on independent
Hong Kong’s Government has launched its second consultation on measures it plans to take to establish an independent insurance authority, or IIA.
sfc begins legal proceedings against first china
Kong Kong’s Securities and Futures Commission has begun legal proceedings against former and current directors of First China Financial Network Holdings and is seeking to have the directors disqualified.