Wealthtech firm enters Hong Kong with SFC license
Allfunds was recently granted the Type 1 and 4 licenses by the Hong Kong Securities and Futures Commission.
China inches up as rest of Asia trade mixed
The CSI 300 inched up 1.19% by mid-day. Sinopec Shanghai Petrochemical surged 10.08%, followed by China Oilfield Services gaining 10.01%.
BlackRock applies to sell mutual funds in China as Beijing lifts restrictions
Authorities in Beijing removed restrictions on fully foreign-owned fund management companies on Wednesday, at the same time eliminated the cap on foreign ownership of securities business.
Five AMs weigh in on Japan postponing the Olympics, Covid-19
Even without Covid-19, Japan’s 2019 Q4 economic output contracted by 7.1%, led by tax increases and slowing demand from China.
BlackRock EM veteran Andrew Swan to depart
Regional specialist to end nine-year stint with global asset manager and relocate to Australia.
Singapore, Hong Kong stocks fall along with most markets
Despite the private gauge of China’s manufacturing activity in March expanding slightly, the CSI 300 sits at 3,680.21, 0.16% lower.
Dubai-based FIM Partners turns attention to ESG
The firm will hold its inaugural roundtable event in Saudi Arabia later this year, bringing asset allocators and corporates together to share best sustainability practices.
Asian markets mostly rise after China PMI data
Asian markets were mixed on Tuesday as China reported better-than-expected purchasing managers’ index for March.
Former DBS private banker joins multi-family office
Marvin Koh joins Raffles Family Office from DBS, where he was a senior director for private banking.
BNY Mellon appoints Thomas Gibbons as permanent CEO
A veteran at the firm, Gibbons was previously serving as the interim CEO since September 2019.