Hong Kong
Fees key to Asian fund sales
Retail investors in Hong Kong, Singapore and South Korea are most influenced by fund fees in their investment decisions, but Taiwan is different, according to a BNY study.
Hong Kong asset managers jump on mutual recognition of funds initiative
Hong Kong has received 14 applications for products wishing to take part in China’s mutual recognition of funds (MRF) scheme, a new initiative which has loosened the flow of cash between the two regions.
OECD backs Guernsey in fight against tax haven status
The OECD has backed Guernsey in its fight against tax haven status, describing the crown dependency’s inclusion on the European Commission’s list of top 30 non-compliant tax jurisdictions as “very surprising”.
Hong Kong tribunal backs SFC verdict to fine fund house
Hong Kong’s Securities & Futures Appeals Tribunal (SFAT) has backed a decision to fine and reprimand asset manager, Pride Fund Management, for refusing to resolve a financial dispute with a client.
Capstone Financial launches in-house DFM service
Hong Kong-based advisory firm, the Capstone Financial Group, has unveiled its own discretionary fund management (DFM) service to help centralise client accounts and steer the business towards a fully fee-based structure.