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China is taking another step to loosen its capital controls and in the process is giving onshore investors greater access to a previously hard-to-reach bond market. The so-called southbound link of the Bond Connect program will help draw capital from the mainland to bonds available in Hong Kong, which are currently a challenge to buy due to regulatory restrictions. The new channel could serve to check excess strength in China’s currency by balancing money flowing from overseas funds into Chinese

As it plans to grow AuM in the region to $460bn within the same period

Shanghai and Korean bourses agree to launch ETF Connect Toggle share menu Advertisement 11 May 2021 09:05PM Share this content Bookmark SHANGHAI: Shanghai and Korean exchanges have agreed to launch a cross-border scheme for exchange-traded funds (ETFs), and aim for closer cooperations in index development and bond markets, the Shanghai Stock Exchange (SSE) said on Tuesday. SSE general manager Cai Jianchun and Korea Exchange chairman Sohn Byungdoo signed a memorandum of understanding (MOU) for closer partnership during a virtual meeting on Tuesday, SSE said ...

HSBC to Hire More Wealth Managers, Continues Expansion in Asia Zacks.com 3 days ago In an effort to tap the Asia market, which has been witnessing a surge in the number of billionaires, HSBC Holdings plc HSBC has planned to hire more than 1,000 managers in its wealth management business in the region by the end of 2021. The news was first reported by South China Morning Post. Popular Searches In the first quarter of 2021, Asia operations accounted for almost two-thirds of HSBC’s adjusted profit before tax in the wealth and personal banking business. Also, wealth business revenues in Asia...

Feb 26, 2021     Hubbis Aims to become the leading wealth manager in Asia with expansion of affluent, private banking, asset management and insurance capabilities with plans to hire over 5,000 wealth roles in the next 5 years HSBC announced it plans to invest over USD3.5 billion in the next five years to accelerate the growth of its Wealth and Personal Banking (WPB) business in Asia and drive its ambition to become the leading wealth bank in the region. These investments will focus on expanding our wealth teams to increase distribution capabilities...