One of the best stock pickers in America last month was a 56-year-old Taiwanese immigrant working out of a small office in suburban New Jersey, 40 kilometres from Wall Street.Wednesday, 12 February, 2014, 3:51pm
Regulators in Hong Kong and on the mainland are in the final stages of preparations to launch a long-awaited bilateral fund recognition scheme.
It would allow international fund managers based in the city to sell their products on the mainland and mainland fund managers to sell theirs in Hong Kong.4 Dec 2013 - 2:39pm
A new study by the CFA Institute has concluded that harmonised standards for reporting the performance of investment funds are needed to enhance investor protection and rebuild trust in the retail fund market.18 Jan 2013 - 5:27am
BNP Paribas, France's biggest lender, plans to increase its stake in Bank of Nanjing to as much as 20 per cent as Chinese lenders' profits defy the global economic slowdown and rise to a record.14 Dec 2012 - 3:00am
The city's Mandatory Provident Fund (MPF) reported lower returns in the past two months, although hot money inflow, which boosted third-quarter results, helped it stay in the black.
The 443 retirement funds, which cover 2.5 million employees in Hong Kong, returned only 1.24 per cent in November and 0.67 per cent in October, month on month, according to data provider Lipper.5 Dec 2012 - 3:12am
Who is eligible to be a QFII ?
Under PRC law, a foreign investor must obtain a special licence to become a qualified foreign institutional investor (QFII) to invest in China's securities market.
Only certain types of institutions are eligible to apply for QFII qualification with the China Securities Regulatory Commission (CSRC).28 Nov 2012 - 2:34am
The long-awaited employee-choice arrangement (ECA) for Hong Kong's mandatory provident funds took effect on November 1, 2012.
What happened to MPF contributions before the ECA?7 Nov 2012 - 3:36am
From tomorrow, the city's 2.4 million workers will be free to choose their own Mandatory Provident Fund provider, giving them a much-needed say where their nest egg is invested.
But complaints over the fees charged by providers, who were previously chosen by employers, are expected to continue, and may be the harbinger of further changes to the 12-year-old pension scheme.31 Oct 2012 - 2:53am