Manulife AM handed HK$24m fine over sale of Global Fund

“Together with concerns about the quality and extent of Manulife Asset Management’s record-keeping, these failures have jeopardised Manulife Asset Management’s capacity to ensure that recommended securities are suitable for each customer


Hong Kong's SFC Bans Ex-Morgan Stanley Director For Life

He was jailed in 2009 on 10 counts of insider trading in the shares of CITIC Resources Holdings while he was part of the Morgan Stanley team advising the company on a proposed deal to buy oil field assets in China.


Hong Kong budget aims to expand fund industry with tax incentives

To attract more private equity funds to domicile in Hong Kong, Financial Secretary John Tsang Chun-wah said the government would propose law changes to extend an exemption from profits tax for offshore funds that invest in overseas private companies and d


FSB publishes peer review on risk governance

"The report sets out recommendations that will help supervisors everywhere raise the bar on their expectations for risk governance so that firms’ practices continue to improve through changing environments.”