China
Global life premiums growth led by Asia acceleration
Global life premiums growth in 2018 and 2019 will continue to be carried by the strong performance of emerging markets, in particular China, as advanced markets continue to experience sluggish growth, according to a report by Credit Suisse.
Chinese regulator sanctions firms for dodgy insurance products
China’s insurance regulator has banned three life insurance firms from applying for permission to sell new products for six months, after it found they had been offering “problematic” policies.
UBS AM launches onshore fund in China
UBS Asset Management’s Shanghai-based wholly foreign-owned enterprise (WFOE) has launched an onshore equity fund for domestic high net worth individuals and institutional investors in China.
Just Service Group partners with Montpelier China
Fintech firm Just Service Group has inked a partnership deal with advisory firm OFS Asia, better known as Montpelier China, which it describes as one of Asia’s oldest established IFA businesses.
The plus and minus of China’s new foreign ownership rules
China recently announced it would ease foreign ownership limits for fund management firms, but huge challenges await foreign players that want to enter China’s retail investor market, industry sources said.