Hong Kong budget aims to expand fund industry with tax incentives

To attract more private equity funds to domicile in Hong Kong, Financial Secretary John Tsang Chun-wah said the government would propose law changes to extend an exemption from profits tax for offshore funds that invest in overseas private companies and d


Fraud trial begins at German private bank

The five are accused of misusing bank assets in connection with three real estate deals worth 134 million euros ($175 million), public prosecutors said.


Guidelines on certain aspects of the MiFID suitability requirements

Firms should also make sure that the client understands the notion of investment risk as well as the relationship between risk and return on investments. To this end for instance, firms should consider using indicative, comprehensible examples of the leve