News
Dubai International Financial Centre posts double-digit growth
Dubai International Financial Centre Investments (DIFCI), the company behind the independent financial hub in United Arab Emirates reported gross profits rose to $181m in 2014 an increase of 23% over the $147m posted in 2013.
Baring launches three Hong Kong-domiciled funds
Local demand for income investments, a simplified registration process and the ability to add an RMB share class were good enough reasons to launch the locally-domiciled products, Gerry Ng, CEO of Asia ex-Japan, told Fund Selector Asia.
Asia, Japan targeted as firms expand new fund launches
Fund managers Columbia Threadneedle Investments and Matthews Asia have launched equity products to tap the rising domestic demand story in the region
Hong Kong-compliant savings product
Generali International has become the latest life company to launch a savings product fully compliant with the ban on indemnity commission introduced in Hong Kong at the beginning of the year.
China proposes Bond Connect plan
A Chinese clearing house is considering the launch of a “Bond Connect” scheme which would mirror the Stock Connect initiative, creating an investment link between the mainland and Hong Kong debt markets.