Top 10 Asia stories of 2017
By Tom Carnegie, 28 Dec 17
A new multi-wrapper platform, China’s asset management industry topping $7.5trn and a Hong Kong IFA firm having its office raided were some of the top stories for our audience in Asia in 2017. Click through the slides to see the others.
In December the trading of Convoy Financial Services shares was suspended on the Hong Kong Stock Exchange (HKSE) following multiple reports authorities had raided offices, homes and arrested executive directors.
One of the largest IFA firms in Hong Kong, Convoy issued a statement requesting that trading of its shares be halted on the HKSE after their price plunged by more than 7%. The halt was subsequently initiated at 11.04am local time on 7 December.
It was confirmed on 8 December that three arrests were made and eight offices raided by ICAC.
The firm is a financial adviser for Hong Kong’s mandatory provident fund (MPF) pension scheme and for insurance products.
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