News
China’s Noah sets up Jersey managed trust for HNW investors
The Shanghai-based wealth manager Noah Holdings has set up a trust with international service provider JTC in Jersey to address the increasing succession planning needs of its high net worth clients in China.
ING in final talks to sell South Korean life insurance unit
Talks to sell ING’s South Korean life insurance arm have been extended prompting fears the sale could be in jeopardy, local media reports suggest.
China one year on: Renminbi to keep falling
One year on from China’s surprise currency devaluation, there is still room for a further gradual depreciation of the renminbi against the US dollar, said Jade Fu, investment manager at Heartwood Investment Management.
Julius Baer hires HSBC bankers for LatAm push
Swiss wealth manager Julius Baer Group has hired several private bankers from HSBC to bolster the firm’s Latin American business, according to media reports.
China approves Shenzhen-Hong Kong Stock Connect
China’s regulators have formally approved the Shenzhen-Hong Kong Stock Connect, which was expected to launch last year.