Asset management salaries on the rise

Compensation is increasing for Asian equity and fixed income buy-side professionals, with investor inflows to the region forecast to drive salaries nearer to US levels, finds Greenwich.


More banks to set up fund companies

The pilot program was started in 2005, and the Industrial and Commercial Bank of China, China Construction Bank and Bank of Communications were the first banks to join.


Hong Kong Introduces Fund Management Tax Incentives

Hong Kong last revised its tax code in this area in 2006, when it exempted offshore funds from paying tax if they did no business in Hong Kong other than qualifying stock or futures transactions.