Hong Kong

Asia | 2 Nov 15

HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division.

Asia | 29 Oct 15

Hong Kong’s advisory body for developing financial services said action must be taken to stop the city from being overtaken by other jurisdictions as a centre for exchange-traded funds.

People Moves | 28 Oct 15

Axa Investment Managers has taken on Simon Weston as its senior equity fund manager for its Hong Kong office as it sets its sights on expanding the business around the world.

Products | 28 Oct 15

Zurich International Life has become the latest company to launch a new regular premium savings product in Hong Kong, following the introduction of the GN15 regulations on 1 January this year.

Investment | 28 Oct 15

London-based investment house New Capital has launched four Dublin-domiciled UCITS funds to be sold to investors in Hong Kong.