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CITIC Securities Brokerage HK strengthens its wealth management platform

[Sponsored Article] “In the past six months, we have shifted our focus towards wealth management services,” says Tony Leung, Chief Executive Officer of CITIC Securities Brokerage HK. “As the market evolves, we have seen growing number of clients with greater demand on sophisticated wealth management products.  As such, client demands lead us to gradually transform the company from traditional securities brokerage business to wealth management.” Strong demand for wealth management services … Source link

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Vietnam 

Ministry eyes new management of ride-hailing platforms – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    A customer books a car on the Grab application. Under a new draft proposal made by the Ministry of Information and Communications, ride-hailing firms such as Grab and GoViet would be regulated as service providers rather than transportation companies. — VNS Photo Đoàn Tùng   HÀ NỘI — The Ministry of Information and Communications (MIC) has proposed managing ride-hailing platforms in a different way than other transport firms.   If the proposal goes ahead, companies like Grab, Uber and GoViet will be managed as a separate entity from…

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China 

Yet another scam in China’s fund management sector leaves investors scrambling to recoup close to US$1 billion

Shanghai-based asset management group PGA Venture Partners has suspended operations after failing to repay investors 6.6 billion yuan (US$967 million), the latest sign that the mainland’s finance sector is plagued by scams and frauds.No employees showed up at the company’s office in Jiangchang Road, Jingan district, on Thursday. The Post could not reach the company or its officials by phone.The company, also known as Yung Park Capital, said in a statement posted on the website that media… Source link

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Investment 

Standard Chartered first quarter profit up 2 per cent as weak markets, lower wealth management activity weigh

Standard Chartered said on Tuesday that its profit rose 2 per cent in the first quarter, as a weak market environment and lower wealth management activity weighed on its results and trading revenue at its closest banking rivals.The bank, one of three lenders authorised to issue Hong Kong’s currency notes, reported a profit of US$818 million in the first quarter, compared with US$803 million in the same period a year ago.In the quarter, Standard Chartered took a previously announced charge of US… Source link

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Vietnam 

Changing management thinking to boost businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Việt Nam is hastening reforms to create favourable conditions for businesses. – Photo ndh.vn HÀ NỘI – It was critical to change management thinking towards removing difficulties and creating favourable conditions for businesses, Mai Tiến Dũng, Minister and Chairman of the Government Office stressed at the meeting of the Prime Minister’s working group with six ministries on Monday. Still, simplifying procedures would not mean that management would be loosened, he stressed, adding that opinions from different perspectives must be heard to at the same time to ensure benefits of…

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Chen Siqing named ICBC chairman as string of management changes at China’s top financial institution continues

China has named a new chief for Industrial and Commercial Bank of China, the world’s largest lender by assets, people with knowledge of the matter said.Chen Siqing, chairman of Bank of China, was appointed as party secretary of Beijing-based ICBC at an internal meeting on Monday, the people said, asking not to be identified as the matter is private.Chen is replacing Yi Huiman, who became chairman of the China Securities Regulatory Commission, the country’s top securities regulator, in January… Source link

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China can excel in consumer robotics, says Credit Suisse Asset Management specialist

China can become a formidable player in the nascent consumer robotics market, where precision of movements is not as important as with industrial robotics.“The big opportunities are in the lower price segment, which I think is going to be a much bigger market than what we have today. And it is a good place [for Chinese manufacturers] to learn before making the move up [to the higher-end market],” Angus Muirhead, senior portfolio manager at Credit Suisse Asset Management, said in an interview on… Source link

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Vietnam 

Đà Nẵng tightens land management to combat price hikes – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The city of Đà Nẵng has issued a document requesting the management and supervision of real estate brokerages and land transactions be enhanced to prevent unusual price hikes caused by the spread of false information. Individuals and organisations found to have fabricated rumours regarding development projects would be strictly punished, Đà Nẵng Standing Party Committee said. Việt Nam News Agency reported that false rumours disseminated by brokers contributed to hugely inflated land prices in the central city recently. Real estate…

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Vietnam 

Hà Nội proposes tightened management of social network businesses – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under stricter management. — Photo vietbao.vn Viet Nam News HÀ NỘI — The Hà Nội Market Management Department has said businesses operating on social networks such as Facebook, Zalo and Viber should be under the same management as e-commerce websites. E-commerce websites that violate regulations may be shut down under the law and have their domain names revoked. In addition, there should be close co-ordination between…

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Vietnam 

Sacombank signs up PwC to create asset-liability management framework – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

PwC Vietnam and Sacombank sign an agreement in HCM City on Tuesday. — Photo courtesy of Sacombank Viet Nam News HCM CITY — Sacombank has hired PwC Vietnam to help upgrade its asset-liability management framework. This is expected to help the bank manage liquidity risk and interest rate risk by identifying risk thresholds scientifically, clearly and optimally, build a liquidity risk management framework to maintain adequate liquidity ensuring the bank operates safely and continuously in all possible situations and developing models to improve the quality of asset-liability management.…

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