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Stock fund with 61% return this year likes China, EV stocks
A HIGH-PERFORMING Matthews Asia fund manager says China is in a "sweet spot” for investors, thanks to rising individual wealth in the nation.
HSBC to buy out life insurance JV partner in China
HONG KONG: HSBC Holdings PLC said its insurance unit had agreed to acquire its China life insurance venture partner’s 50% stake to own fully the company under the new rules on foreign ownership that came into effect in January.
China to make it easier for foreign life insurers to buy domestic firms
HONG KONG: China plans to make it easier for foreign life insurers to make controlling acquisitions and large equity investments in domestic peers, five people with knowledge of the matter said, as the country pushes ahead in opening up its financial sector.
Asia’s billionaires develop taste for boutique wealth managers
HONG KONG: Growing demand by Asia’s rich for independent advisory services and access to a wide variety of investment products is spurring the surge of boutique wealth managers more associated with the established wealth hubs of Switzerland and London.
Eco World generates hope with home ownership campaign
KUALA LUMPUR: With a sales target of RM6bil for the financial years 2019 and 2020, Eco World Development Group Bhd kicked off its Home Ownership Programme with EcoWorld (Hope) yesterday with a signing ceremony with Malaysia’s largest lender by asset size.
UOB opens new branch in Kuching
KUCHING: United Overseas Bank (M) Bhd (UOB Malaysia) has opened its branch in iCom Square, Kuching.
Factbox - Xi Thought: China's push to be a modern, socialist superpower
BEIJING (Reuters) - The political "thought" of President Xi Jinping, China's most powerful leader in decades, is encapsulated in two weighty tomes and dozens of published "important speeches".
The force behind Bitcoin’s meteoric rise
Asian retail investors are pushing the price of bitcoin to new heights
Jockeying for cash: North Korea allows racetrack gambling as sanctions bite
SEOUL (Reuters) - Punters in North Korea who once risked three years hard labour for gambling are now able to bet on local horse races as the isolated country scrambles to unearth new sources of hard currency amid intensifying international sanctions.
Deutsche Bank plans Asia wealth expansion
SINGAPORE: Deutsche Bank AG is stepping up hiring for its Asian wealth-management business as part of a “multi-year” expansion to bolster a unit that has lost key executives and assets in recent years.
