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FINANCE Thursday, 14 May 2015 16:25

Vincent Tan Buys Belgian Football Club

Malaysian tycoon Vincent Tan has bought Belgian first division club KV Kortrijkt. The price for the West Flanders-based outfit is said to be in the region of five million Euros. KV Kortrijkt are currently fifth in Belgium's top flight with three games to go. This...

FINANCE Thursday, 14 May 2015 16:21

Another Day Another Chinese Billionaire

Ni Zugen, chairman of home appliance maker Kingclean Electronic yesterday joined the swelling ranks of Chinese billionaires. His business KingClean Electric Co. Ltd made a soaring debut on the Shanghai Stock Exchange taking his wealth via his holdings to in...

FINANCE Wednesday, 13 May 2015 20:26

ANZ Report Shows Rapid Growth Of Digital Banking

According to a newly released report Australians are increasingly turning to digital platforms to manage their money, with ANZ’s 2014 Adult Financial Literacy Survey finding nearly three quarters of people now bank online, while use of mobile and tablet has...

FINANCE Wednesday, 13 May 2015 16:41

EFG Asset Management In New Fund Launch

EFG Asset Management (EFGAM) has launched the New Capital Global Equity Conviction Fund, an open-ended equity fund that will typically invest in 40 to 60 global stocks across all market capitalisations. EFG Asset Management is the asset management arm of EFG...

FINANCE Wednesday, 13 May 2015 16:40

Hong Kong Broker Chooses Fidessa’s Trading Platform

Guotai Junan Securities, a Hong Kong broker, has gone live with Fidessa’s fully-managed trading platform enabling it to trade equities on the HK Stock Exchange, and offer better connectivity and client services. Fidessa is providing connectivity to the Shanghai...

FINANCE Wednesday, 13 May 2015 16:37

Hong Kong SFC Issues Reminders On KYC

The Hong Kong Securities and Futures Commission (SFC) yesterday issued a Circular reminding intermediaries on the importance of appropriate account opening procedures for investors in and outside Hong Kong in order to fully comply with the Know Your Client (KYC)...

FINANCE Wednesday, 13 May 2015 16:34

Midweek Professional Moves

Fidelity Worldwide Investment has appointed a new head of private banks distribution for Southeast Asia. Sabrina Gan, who was previously director and head of retail - Singapore at BlackRock, will drive Fidelity’s efforts to deepen relationships with private banks...

FINANCE Wednesday, 13 May 2015 16:31

Dalian Wanda Group Pay $20.41 Million For Monet

Sotheby’s yesterday unveiled the purchaser of Monet’s Bassin Aux Nympheas, Les Rosiers as the Dalian Wanda Group Mr. Guo Qingxiang, who is in charge of the art collection of Wanda Group, said, “Dalian Wanda Group has been actively collecting Impressionist and...

FINANCE Tuesday, 12 May 2015 16:32

Shanghai FTZ To Allow Overseas Investment

A Shanghai city financial regulator has announced plans of a new scheme allowing Chinese individuals to invest in financial markets overseas. It is likely the scheme will be launched this year at the Shanghai free trade zone, Also under the program, authorities...

FINANCE Tuesday, 12 May 2015 16:21

More Senior Moves This Month

Time to catch up on some senior moves for this second week of May. Steve Hickman has been appointed to head of region and chief executive in Singapore and South East Asia at Old Mutual International. Swiss private bank Pictet has hired Soo Ong Ling in Singapore...

FINANCE Tuesday, 12 May 2015 16:20

Hong Kong Firm Buys Second Oxford St Block

Hong Kong's Emperor International has announced the acquisition of a retail and office building located at 25-27, Oxford Street, London for £35,500,000, equivalent to approximately HK$419,645,500. The Property is an 8-storey retail and office complex with a floor...

FINANCE Tuesday, 12 May 2015 16:19

The Mixed Sporting Fortunes Of Asian Owners

They are a who’s who of self-made tycoons and as well as being highly successful businessmen they are connected by another common denominator, football. Tony Fernandes, Vincent Tan, Vichai Srivaddhanaprabha, Peter Lim, and Dejphon Chansiri. The owners of QPR,...

FINANCE Tuesday, 12 May 2015 16:18

Bovill Announces New Asia Head

Shortly after opening its new Singapore office financial services regulatory consultancy Bovill has appointed Eddie Lim as new head of Bovill Asia. Bovill launched its Asian operation last month, opening a new office in Singapore. Building on 15 years of...

FINANCE Monday, 11 May 2015 16:12

Hong Kong SFC Recovers $190 Million

The Hong Kong Securities and Futures Commission (SFC) has resolved proceedings involving the Descartes Athena Fund SPC (the Athena Fund), paving the way for about 340 overseas investors allegedly defrauded by the collapsed private hedge fund to recoup part of...

FINANCE Monday, 11 May 2015 16:07

UK’s Second City Target For Chinese Wealth

GlobalChina Wealth Management Company an intermediary company who claim to help Chinese state owned companies, listed companies and high net worth individuals to invest in Europe, UK properties, energy and infrastructure are said to be eyeing serious inward...

FINANCE Monday, 11 May 2015 16:01

Head Of Private Bank For Asia Departs

With over two decades of wealth management and associated legal expertise the popular banker who has been based in Hong Kong since 1996 left the bank last Friday.

FINANCE Monday, 11 May 2015 15:56

EXCLUSIVE Asian Wealth Times Meets Juwai.com

Located in Hong Kong and Shanghai Juwai.com has become synonymous with international property for Chinese buyers.

HIGH-END Saturday, 9 May 2015 17:20

Lifestyle Round Up

Bonhams To Auction Five Meiji Masterpieces ++ Yao Ming Raising Big Money ++ Rare Chinese And Asian Banknotes Under Hammer ++ Asian Buyers Splash $96m On Van Gogh And Picasso Works

REAL ASSETS Saturday, 9 May 2015 17:15

Real Estate Round Up

Hong Kong Home Values Defying Gravity According to reports out of Hong Kong the local property market continues to move ever upwards. Analysts have frequently dismissed the stamina in the local market claiming it would have to recalibrate and one of these years...

HIGH-END Saturday, 9 May 2015 17:11

AC Milan – Asian Suitors Strung Along

The soap opera that is the financial situation at AC Milan played out another episode this week with Silvio Berlusconi the puppet master tugging the strings in front of his Asian suitors like a modern day Mister Geppetto.

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