Swiss bank converts all India funds to QFIs

Last year, France’s Societe Generale the exited private banking business in India, and Bank of America-Merrill Lynch’s wealth management business outside the US, was acquired by Julius Baer.


Standard Life revives Indian listing plan

Standard Life is back on the trail to list its Indian joint venture as the life assurance market recovers from a regulatory overhaul, with a flotation possibly coming as soon as the second half of next year, according to bankers.


S'pore 2nd largest offshore yuan centre

RGI measures the internationalisation of the currency using the parameters of offshore yuan deposits, dim sum bonds and certificate of deposits, trade settlement and other international payments, as well as foreign exchange turnover.


China mulls opening door on gold market

Such a plan, if brought to fruition, could also eventually give the country more control over international gold prices, according to experts contacted by the Global Times.


Global fund industry rebounds, total assets now $120 trln

"The fund management industry has recovered quickly from the sharp fall in assets under management at the outset of the credit crisis, with most of the recovery coming from market performance rather than new inflows."