Pimco, one of the world’s largest asset managers overseeing assets worth US$2 trillion, has called for more fiscal support from China to prop up consumer sentiment and the housing market.Policy support such as the People’s Bank of China’s announcement last Wednesday of a...
Hong Kong’s fund industry remained resilient amid macroeconomic challenges last year and is starting to rebound now, according to a director of the city’s financial watchdog, who adds that increasing the city’s global competitiveness and its connections with other markets are top priorities for future...
Shares of Hong Kong-listed investment firm Ding Yi Feng Holdings Group International have taken a hit amid speculation that its Shenzhen affiliate plans to list on an international digital exchange, and freeze asset trading for the next several months.The move has confounded market observers, who...
Blackstone, the world’s largest alternative asset manager, will double employee headcount in its private-equity business in Singapore within the next two years, a top executive said, as it looks to tap into a growing number of deals in Southeast Asia.The expansion in Singapore will also...