Hong Kong

Actively managed investment funds are important. Amongst other benefits, the capital pooled and invested through such actively managed investment funds provides financing for innovative new industries and technologies, which in turn drives broader economic development and growth. Hong Kong has for a long time realised this and successfully supported the growth of such active asset management industry here, providing one of the limbs that makes Hong Kong a truly great global financial centre.

This is the fifth-straight quarter of decline.

Revised GDP figures revealed that the economy contracted 2.9% in Q3.

2 in 5 expect GDP to decline by over 1%.

The watch was auctioned for charity at a whopping price of CHF31m.

Up to 575 million shares is up for grabs.

The amount was slashed by up to 20% from the top price range.

Asset Protection Trusts (APT) can be used by anyone to protect their assets. There are many advantages to using APTs which include shielding assets from political instability in one’s home country, protection from litigation from creditors, protecting beneficiaries from wasting the assets and even providing protection against your assets being taken in a divorce.

This is well below APAC’s average salary increase of 3.2%.

Demand from mainland China fell at the sharpest rate in 21 years.

The property has an agreed value of $129.4m.

The assignment of the spectrum will take effect in December.

The regulator has published a set of standards comparable to licensed securities and trading brokers.

Customers can now set-up a multi-currency savings and wealth management account through their smartphones.

But total sales consideration soared 44% to $65.6b.

Exits are becoming tougher and investors have no choice but hold onto assets as returns decline.