As Hong Kong drops one of its last Covid-19 restrictions - the mask mandate - AsianInvestor asks financial industry experts how quickly the city will bounce back, and whether it can gain over next-door rival Singapore.
Tag : singapore
AsianInvestor spoke to Darian McBain, who launched her business offering sustainability advisory services in a bid to address the shortage of experienced professionals in the region.
As Singapore digests its influx of Chinese family offices, Hong Kong may be on the cusp of a recovery in a sector where confidence has suffered.
Chinese family office investors have flocked to the city state over reasons ranging from concerns over Hong Kong’s future to simple risk mitigation.
Although mainly a direct investor, the investment arm of the city state’s Economic Development Board sources great deals and know-how through fund allocations.
Investment management firms are drawn by the Cayman-like structure with the added benefit of Singapore's governance and reputation.
Global assets under management in 2021 only grew 12% year-on-year in comparison. Alternative assets were a key driver of growth with a 30% increase, while ESG-overlaid assets grew 77%.
The sovereign wealth fund adopts an arsenal of analytics and tools to tackle ESG, while UBS believes non-ESG products should no longer be presented to clients: panellists.
These trade-offs will reduce over time and GIC believes that sustainable companies offer better risk-adjusted returns in the long term.
Stewardship and other sustainability principles have become key criteria in manager selection now, the chief investment officers at NTUC Income and Singlife said.
The central bank will invest with global private credit fund managers, marking the extension of the Private Markets Programme (PMP) to the asset class for the first time.
If the SFC clamps down on financial institutions, employees will not have a choice but to return, but it won’t help matters for the brain drain afflicting the industry.