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  • July 11, 2014
  • Last updated: 9:58pm
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  1. Business - Banking & Finance - WHITE COLLAR

    Give new insurance regulator power to examine pay and products

    Posted Jun 02nd 2014, 11:47am by Enoch Yiu

    ... of stockbrokers and fund managers have to be licensed by the Securities and Futures Commission. This makes sense, as many insurance salespeople at agencies and banks now sell not only simple life insurance policies but also risky investment-linked policies. But the reform should go further. Regulating sales agents or bank staff alone is not enough; lawmakers should also consider the role ...

  2. Business - Banking & Finance - WHITE COLLAR

    Insurers have millions at stake at World Cup

    Posted Jun 09th 2014, 11:17am by Enoch Yiu

    ... Enoch Yiu Major risks lie in cancellation or postponement of soccer matches due to traffic congestion Insurers have billions at stake as World Cup kick-off nears When the World Cup in Brazil kicks off on Thursday, soccer fans will not be the only ones wat ...

  3. Business - Banking & Finance - WHITE COLLAR

    Proposed mainland rules may leave many junior accountants in Hong Kong jobless

    Posted May 19th 2014, 11:34am by Enoch Yiu

    ... Enoch Yiu Timing of the move may reflect the fact that mainland has nine times as many accountants Bean counters face bleak future under new audit rules Thousands of junior accountants in Hong Kong have reason to worry about their job security after the M ...

  4. Business - Banking & Finance - WHITE COLLAR

    Fatca dealt with, but clones of tax evasion law may emerge

    Posted May 12th 2014, 10:28am by Enoch Yiu

    ... to require financial firms to report tax information about their wealthy citizens. Since many Hong Kong-based financial firms and private banks are targeting wealthy mainlanders as clients, ...

  5. Business - Money - WHITE COLLAR

    Through train's exclusive use of yuan a hurdle for Hong Kong investors

    Posted May 05th 2014, 09:45am by Enoch Yiu

    ... to obtain the currency they need, they might just give up However, the People's Bank of China appears to have failed to take into account the difficulties international and Hong Kong investors ... to the bank for their yuan. However, individuals in Hong Kong can exchange only up to 20,000 yuan a day. Even after a long lobbying effort by the Hong Kong Monetary Authority, the PBOC and other ...

  6. Business - Money - WHITE COLLAR

    Let SFC regulate investment-linked insurance policies

    Posted Apr 21st 2014, 11:41am by Enoch Yiu

    ... for the family may not be as high as expected. Hong Kong's 80,000 insurance salespeople, be they insurance agents, brokers or bank staff, do not need to apply for a licence. The lack of regulation ...

  7. Business - Money - WHITE COLLAR

    Why few retail investors might board the 'through train'

    Posted Apr 14th 2014, 10:43am by Enoch Yiu

    ... allowed anyone with a bank account at the Tianjin branch of Bank of China to trade in Hong Kong stocks without a limit, the new plan permits only institutional investors, such as pension funds ...

  8. Business - Money - WHITE COLLAR

    Hong Kong brokers left out by new 'through train' plan

    Posted Apr 07th 2014, 11:59am by Enoch Yiu

    ... on its website that investors could open foreign exchange accounts at the Bank of China's Tianjin branch to trade Hong Kong stocks. Residents could also open accounts at bank outlets ... obsolete. The QDII programme allowed mainlanders to invest offshore through fund products offered by banks or fund houses that succeeded in obtaining a quota. If the "through train" plan ...

  9. Business - Banking & Finance - WHITE COLLAR

    Offshore yuan centres not the biggest threat to Hong Kong's financial sector

    Posted Feb 24th 2014, 02:07pm by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com The real threat to the city's yuan business is the possibility of Beijing opening up capital markets Yuan milestone belies challenges ahead As local banks uncork the champagne today to celebrate 10 years since they were first allowed to engage in personal banking in yuan, they still face significant challenges ahead. Hong Kong Monetary Authority ...

  10. Business - WHITE COLLAR

    Retirement savers should heed judge's compensation ruling

    Posted Mar 19th 2013, 12:00am by Enoch Yiu

    ... was a warning to people saving for their retirement that they should invest at least part of their portfolio in equities instead of putting all the money in bank deposits or bonds. In January, we ... investment return on any compensation sum awarded. Many believe this rate is not realistic due to the low bank deposit rate as well as the volatile stock markets. Judge Mohan Bharwaney ruled ...




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