China
hong kong managers in race to introduce
Hong Kong-based fund managers are “racing” to introduce Hong Kong-domiciled funds, ahead of plans for a “mutual recognition” programme that will enable them to be sold in mainland China, according to a report published today.
amp capital and china Life arm to launch asset
Australia's AMP Capital has entered into a pact with China Life Insurance Group's subsidiary, China Life Asset Management to set up a fund management company in China.
china asset managers to lobby beijing over
Mainland China’s fund management companies have formed a new association in Hong Kong, with the aim of being able to speak with a single voice on issues of shared concern.
ng to head up china desk at coutts uk
Vivienne Ng has been appointed to the newly-created position of executive director and head of Coutts International's China desk in the UK, in a move the bank says indicates the growing importance of Chinese-derived wealth in Britain.
moodys downgrades hk banking system
Moody's Investors Service has downgraded the outlook for Hong Kong's banking system to negative from stable, citing its "concerns regarding persistent negative real interest rates" and the institutions' "growing exposures to Mainland China".