Hong Kong
AIA, Prudential create senior roles in Hong Kong for wealthy China clients
The firms are catching up with early movers that have recently been logging record premiums
Hong Kong insurance regulator vows crackdown on rule-breakers
This includes companies that evade recent curbs on broker fees and policy rates
Hong Kong’s leader dodges questions on potential second term
The city’s gross domestic product expands at its fastest pace in almost five years
China investors being shut out as some American AI firms, including SpaceX, go public: sources
Washington has been focused on keeping artificial intelligence out of China’s reach
Hong Kong hedge fund managers set for pay bump in tax plan
Private equity fund managers already enjoy zero taxes on carried interest
Mainland Chinese savers flock to Hong Kong as regulators tighten capital controls
Investors explore offshore company setups as alternative for overseas market access
Hong Kong Monetary Authority says it’s implemented new bank rules for opening accounts
The new measures will enhance Hong Kong’s advantages as an international financial centre, it adds
HSBC, AIA, Prudential shares slide after report of Hong Kong bank account curbs
The lenders are ramping up scrutiny of mainland Chinese clients opening savings and investment accounts
Futu to suspend Chinese mainland investors from adding new positions
The service halts are in line with regulators’ requirements for overseas institutions to wind down prohibited activities
Chinese curbs risk derailing record Hong Kong home-buying spree
China’s home prices are still on a yearslong decline since the downturn began in 2021
