HSBC Life, headquartered in Hong Kong, has issued the most valuable life insurance policy ever recorded, valued at $250 million (£197 million). This unprecedented whole-of-life protection policy, taken out by an anonymous customer, is designed to secure wealth for subsequent generations of the policyholder’s family. Edward Moncreiffe, CEO of HSBC
Decline in Offshore Yuan as Borrowing Costs Drop The Chinese yuan experienced a slight weakening on Thursday, influenced by a decrease in offshore yuan funding costs and the persistent low performance of China’s blue-chip stock index. The drop in offshore liquidity has led to a fall in borrowing costs for
Asset Management’s Humble Year 2023 demanded humility from asset managers as the bond market defied predictions, challenging even the most seasoned investors. Bets against the Federal Reserve’s relentless interest rate hikes repeatedly fell short, especially post the Silicon Valley Bank crisis. As yields soared, the market’s consensus shifted, expecting the
• CSRC to implement reductions in funds’ trading commissions during the current year. • These measures come in response to a significant decline in fund launches amid the ongoing market downturn. Source: Bloomberg
With inflationary pressures coming to the fore in certain areas of the global economy and the continuing impact of Covid-19, there are many important and urgent issues to discuss. In our capacity as offshore legal advisers, we wanted to highlight some of the features from our Investment Funds/M&A and Finance
Features of the Incubator Fund The BVI’s Securities and Investment Business (Incubator and Approved Funds) Regulations, 2015 (the “Regulations”) introduced the “Incubator Fund” which provides a streamlined basis for start-up investment managers to establish a track record of managing funds with an open-ended strategy. The Incubator Fund regime under the
This was way higher than the net outflows of USD 95 million registered during the quarter ended September 2021 India-focused offshore funds and exchange-traded funds (ETFs) witnessed a net outflow of USD 435 million in three months ended December 2021, making it the 15th consecutive quarter of withdrawal, according to
