Hong Kong
Hong Kong’s new Insurance Authority eyes mis-selling crackdown
Hong Kong’s new insurance regulator plans to work closely with its mainland China counterpart to protect consumers when it officially takes over from the Office of the Commissioner of Insurance (OCI) on 26 June.
The problem with Asian fund passport schemes
Regulatory and tax squabbles and the desire to deepen domestic fund industries are some of the high hurdles for passporting programmes, says Daniel Caleghin, head of wealth management strategy for Asia-Pacific at Deloitte subsidiary Casey Quirk.
Expat hotspots top global competitive ranking
Hong Kong and Singapore ranked first and third as the most competitive countries in the world, with Switzerland coming in second, according to the 2017 IMD World Competitiveness Ranking.
UK and Hong Kong regulators sign fintech agreement
The Financial Conduct Authority has entered into a co-operation agreement with Hong Kong’s Securities and Futures Commission (SFC) to support innovation in fintech.
Standard Life posts £5m loss in Hong Kong amid global job cuts
Standard Life lost £5m (€5.9m, $6.4m) last year from its wholly-owned business in Hong Kong as it confirmed that more than 800 jobs will be lost after it merges with Aberdeen Asset Management.