10/20/2020
Four Philippine insurers face closure for failure to meet capital requirements, report says
“The Insurance Commission had ordered them to comply in the coming days,” Mr. Funa is quoted as saying in the October 17 report.
Alternative Investments
10/20/2020
China’s ChiNext listings buoyed by easing of rules, Xinhua says
Under the new rules, listings now only require the stock exchange’s approval instead of also having to be cleared by the CSRC, which can significantly shorten the time taken for companies to go public.
10/19/2020
Singapore-based financial firm offers flexible loans to MSMEs
He said MSMEs in Cebu can now avail themselves of customized loan options to survive and even expand during these uncertain Covid-19 times.
10/19/2020
Thailand fund industry draws 7.8 billion baht net inflow in third quarter, Morningstar says
Inflows into equities funds were largely driven by funds that invest outside of Thailand, with Chinese stock funds drawing 27.8 billion baht and global stock funds, 26.1 billion baht.
10/19/2020
Korea’s Samsung Asset Management lists Hong Kong’s first REIT ETF
The underlying index comprises 30 REITs listed in developed market across Asia, including Singapore, Hong Kong, Australia and Japan, with around US$71.9 billion total market capitalisation.
10/19/2020
SPACs are the hot new thing for private equity
Other leading private equity names associated with the boom for blank-cheque acquisition vehicles include TPG Capital, Thomas H. Lee Partners and Riverstone.
10/19/2020
Shenzhen Bourse Apologizes for Trading Glitch
Due to the lack of trading confirmation, some had made multiple orders due to concerns that none were received while others claimed that they were unable to sell shares in a timely manner.
10/19/2020
Japan's September export decline slows as shipments recover
That still meant the pace of contraction in exports eased following six months of double-digit declines, including a 14.8 per cent drop in the previous month.
10/19/2020
Commentary: Gold may have lost some of its shine but don’t write it off just yet
Although the price of gold has come down from an all-time high of more than US$2,000 in August, it has the potential to rise, says The Smart Investor CEO David Kuo.
10/19/2020
Resimac turns up with the heat with interest rate cuts of up to 30 basis points
“The latest industry figures show strong activity in the home loans space. Borrowers are keen to take advantage of low interest rates and they’re hungry for great home loan deals.
10/19/2020
BT terminates two funds
The spokesperson added that the funds have delivered above benchmark performance after fees since inception.
10/19/2020
DE Shaw to open Singapore office
Elsewhere, the firm has also been growing its business in China.
10/16/2020
Indonesia fund assets lose nearly 6% in January-September as pandemic hits stocks
Bond funds dropped 1.1% to 120.66 trillion rupiah over the nine-month period, but gained 6.07% between July and September.
10/16/2020
Australian Unity launches new fund
Australian Unity has launched the Australian Unity Future of Healthcare Fund aiming to increase the wellbeing of all Australians by investing in the future healthcare needs of the community.
10/16/2020
Singapore Variable Capital Company (VCC) Current Standing Survey
VCCs are required to appoint a Singapore domiciled fund manager who is regulated by the MAS.
10/16/2020
Multi-boutique adds investment firms
Gyrostat is an independently owned asset manager which focuses on risked managed investing.
10/16/2020
About Half of Global FX Market Exposed to Settlement Risk
Approximately 31 percent can be attributed to “related party trades” and “give-up trades of prime brokers” – trade types not usually sent to CLS.
10/16/2020
InFocus: Financial advice crucial for Australia’s economic recovery
The FSC has welcomed the pragmatic approach taken by ASIC as the sector responds to the needs of consumers during these difficult times.
10/15/2020
HSIM to list first ETF under HK-China connectivity scheme
Hang Seng Investment Management will be listing a feeder ETF in Hong Kong that will invest its assets into the Shenzhen-listed Harvest CSI 300 ETF.
10/15/2020
Aquila Capital Sets Up APAC Hub in Singapore
New chief Lenz has been in the renewable energy sector since 2007.