Hong Kong funds set for China push
As reported last week by the South China Morning Post, Hong Kong and mainland regulators have spelled out the basis on which fund managers may sell their products in each…
Hong Kong accountancy watchdog launches probe into Deborah Annells
Hong Kong’s accountancy watchdog has launched an investigation after a complaint was lodged against the local accountant expelled from Britain’s Chartered Institution of Taxation following a finding she had behaved…
Action on trust law loophole urged
Hong Kong lawmakers have urged the government to take quick action to plug what they describe as loopholes in local trust law governing how administrators handle client money held in…
China’s stock market is now worst in world
Four years after China’s growth helped lead the global economy out of a recession and won the admiration of luminaries from billionaire George Soros to Nobel laureate Joseph Stiglitz, the…
China’s SOE steelmakers to trade Singapore’s iron-ore derivatives
Chinese state-owned steelmakers are preparing to enter the Singapore-based iron-ore swaps market, in a move that could boost liquidity in iron-ore derivatives as firms look to hedge volatile prices. Markets…
Distressed US cities look to China for cash boost
According to some estimates, up to 100 US cities were in financial distress, said Mao Tong, a partner at international law firm Squire Sanders. Last month Detroit became the biggest…
Citic Securities sets high goals after CLSA deal
Citic Securities, a state-owned securities firm, completed its acquisition of 80.1 per cent of CLSA for US$ 841.68 million from Credit Agricole Corporate and Investment Bank (CIB) yesterday. Markets &…
Hong Kong loans grow amid tighter credit in China
Data from the Hong Kong Monetary Authority (HKMA) showed loans for use in Hong Kong, including trade finance, grew 3.1 per cent in June from the previous month while loans…
Taking the passive or active route
The case for the passive investing style – Jane Leung Markets & Investing feed…
Beijing cash boost flags concerns at the top on growth
Beijing yesterday stepped in to rescue the troubled stock and interbank markets with the first cash injection since February, in a sign the leadership would balance risk control and growth…
