Asia
osborne says london to trade renminbi
UK Chancellor George Osborne today announced plans to make the City of London a major international renminbi trading centre, as Britain seeks to establish itself as major player in the increasingly important Chinese currency trade.
hk regulator disciplines brokers
The Securities and Futures Commission has fined a former broker at Fulbright Securities Limited HK$50,000, and suspended the licence of a CITIC Securities Brokerage supervisor.
skandia broker in hk commission case win
Royal Skandia and a local insurance broker have won a High Court case in Hong Kong over commission disclosure that is seen as having potentially significant, and positive, repercussions for the jurisdictions insurance brokerage and advice industries.
sturgeon plans central asian equities fund
Hedge fund manager Sturgeon Capital plans to launch a Ucits-compliant Central Asia Equities Fund, offering investors exposure to such markets as Kazakhstan, Turkmenistan and Georgia.
axa announces ipac closures in hk singapore
Axa has announced that it plans to close its Ipac financial planning businesses in Hong Kong and Singapore in the first half of 2012, as it seeks to shift its focus in Asia back to insurance.