Hong Kong

The Hong Kong stock market is finally shaking off its image as a home for unloved Chinese IPOs.

Hong Kong-headquartered CLSA voted the best in Asia for equity research and sales in the largest-ever Asiamoney equities poll.

China and Hong Kong

The 28th annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Nearly 6,700 valid responses were received from voters representing fund management houses, insurance companies, pension funds, sovereign wealth funds, hedge funds and wealth managers from around the world.

Vehement opposition to the latest dual-class share proposal from the institutional investor community means HKEX will have to go back to the drawing board.

Haitong International Securities

HSBC lifers like to argue that the ethos of corporate and social responsibility is part of their DNA in Hong Kong. That’s not necessarily because they are caring and sharing souls by nature, though they doubtless are. But it’s more because for decades, being ‘The bank’ in Hong Kong, the primary issuer of banknotes and the territory’s most important commercial institution, came with similar responsibilities of being de facto government.

Starting in the 1930s, Hang Seng built its franchise banking the small Hong Kong traders and hawkers that other banks wouldn’t touch. The more things change, the more they get bigger.

At first glance, the connection between an Indonesian tax amnesty and Singapore bank DBS’s recent push into Asian private banking isn’t apparent. But think again. Singaporean banks have seen billions of dollars leave their care since Jakarta gave Indonesians an amnesty to get their finances in order. Indonesian officials have said 57% of funds repatriated home came from Singapore.