Asia
hk moves closer to insurance safety net
Hong Kong has moved closer to implementing a scheme that would compensate holders of insurance policies in the event that their insurer were to become insolvent.
globaleye opens in shanghai while closing
Globaleye, the Dubai-headquartered advisory firm, has opened a new office in the Chinese megacity of Shanghai, and is closing its two-year-old Brazil operation.
hkma revises rules for private banks products
The Hong Kong Monetary Authority (HKMA) has published a revised version of its rules covering the sale of investment products, which changes the way private banks and so-called authorised institutions acting in a similar capacity are bound to deal with their clients.
mpf revision opens door to hk advisers
An overhaul of the mandatory provident fund scheme in Hong Kong, which will allow employees to choose which MPF provider they use, is being eagerly anticipated by advisers.
shanghai unveils plans for its own yuan
In what is being viewed as a challenge to the ambitions of Hong Kong, and possibly London, to become major players in the trading of renminbi, Shanghai yesterday threw its hat into the ring.