China’s financial regulators are channelling pension and insurance funds into the nation’s equities to establish medium and long-term holdings and stabilise Asia’s largest capital market. Starting this year, 30 per cent of the annual insurance premium earned from new coverage policies will be put into yuan-denominated A shares, said Wu Qing, the chairman of the…
Hong Kong has long been aware of its potential to be a widely recognised medical hub, largely on the strength of an internationally respected healthcare system. But the focus, rightly, has remained on a local population heavily dependent on a public health sector. Medical tourism has never really got off the ground. Meanwhile, the city…
HONG Kong’s bourse and securities regulator on Friday moved to shorten the approval time for company listings, the latest effort to boost the attractiveness of Hong Kong as a global venue for initial public offerings (IPO). Hong Kong Exchanges and Clearing (HKEX) said it would communicate closely with the Securities and Futures Commission (SFC) to…
Authorities charged Robert Westbrook on Friday with multiple counts of fraud after evidence showed he allegedly hacked the emails of senior executives from at least five U.S.-based companies and read their inboxes. Westbrook, 39, is accused of then trading ahead of the companies’ earnings results, reaping millions in illicit profits. According to a U.S. district…