Retirement income products are driving growth in Australia's retail fund market, with funds under management growing by almost 20 per cent in the year to 31 March 2015, research reveals.
Reliance Capital on Wednesday announced that GIFT, a Gujarat government project, has allotted 5,00,000 sq ft of space in the International Finance Service Centre Special Economic Zone, being set up under the GIFT project, to the company.
The BOK said Korea was the world's sixth-largest holder of foreign reserves in April. China had the largest FX reserves with $3.7 trillion, followed by Japan with $1.3 trillion. The data for China is based on end-March figures.
The deal to sell the Mitsubishi Fuso Truck and Bus Corp properties is expected to be finalised in the next few weeks, the people said,
Hong Kong subsidiaries may have to redesign their RQFII product offerings as a result of upcoming mutual recognition, as they face direct competition with funds offered by their mainland China parent firms.
Shanghai Stock Exchange, China Financial Futures Exchange and German exchange operator Deutsche Boerse have agreed to set up a Frankfurt-based joint venture (JV) in a move to promote trading of offshore RMB financial instruments.