A high-level government advisory body says a more diversified fund distribution landscape is necessary for Hong Kong to grow as a financial hub.
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Data shows the market share of banks as distributors of investment product in Asia has slumped, even as UK figures show a rise in direct distribution. Is this what Asia can expect?
Announcing senior arrivals, the firm is bulking up in line with expected growth in services for new entrants and start-up funds. It is aiming to double revenue within five years.