Mervin Koh

【“Answer & Win” Giveaway Campaign (Round 3)】#MemberBenefits #Diversity and inclusion are integral parts of CFA Society Hong Kong’s culture. Not only do we seek to reflect a balance of gender and ethnicity amongst our Board of Directors, but we are also observing an increase in the proportion of female members in the past few years. ❓ Question: What is the Male-to-Female ratio of the Society’s members (as of 30 Jun 2023)? (Hint: https://bit.ly/3z2Jeun) 🎁 Giveaway: Limited-edition Mini Sacoche (renewed members only, limited 20 pcs) 🎮 How to participate: Leave a 👍 like on this post and submit your answer in the online form 🔗 https://lnkd.in/gWN9wtnd. The first 20 Society members with the correct answer will receive notifications for gift collection. (This giveaway game is exclusively for members who have renewed their FY25 Society membership. Other terms and conditions apply.) 👉👉 Renew your membership to ensure you don’t miss out on our upcoming networking events and other exclusive privileges. 🔗 https://bit.ly/3FH0OFc #CFASocietyHongKong #CFA #Giveaway #MembershipRenewal (The answer to last week’s “Answer & Win Giveaway Campaign (Round 2)” is “Hong Kong”. Members with the correct answers will be directly contacted for gift collection in the week of 29 July.)

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In welcoming todays Hong Kong Pension scheme results, the Mandatory Provident Fund Schemes Authority (MPFA) said "MPF is a long-term investment spanning over 40 years... Scheme members should correspondingly adopt a long-term instead of a short-term investment approach in managing MPF, especially during times of market fluctuations.” I could not agree more. So taking this long term perspective, surely MPFA need Trustees to consider long term risks like #climatechange as part of their #FiduciaryDuty? And surely they would invest differently as a result? Climate Finance Asia Hong Kong Trustees'​ Association (HKTA) South China Morning Post SCMP Enoch Yiu #TCFD #IFRS #climatefinance #sustainablefinance #ESG #climateemergency https://lnkd.in/gWE7mtYU

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The SFC’s Asset and Wealth Management Activities Survey 2023 reaffirms Hong Kong’s position as a premier asset and wealth management hub with a diversified investor base, globalised asset allocation and robust fund inflows. International investors consistently account for more than half of total asset under management (AUM), while the city allocates 60% of its managed assets to overseas markets. Compared to 2022, overall AUM grew 2% in 2023, while net fund inflows more than quadrupled. The number of licensed asset managers also showed steady growth on a three-year horizon. See press release (https://lnkd.in/gJGWCnPE) and full report (https://lnkd.in/g56wuhBG).

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MPF Ratings released Q1 2024 MPF Asset Class Fund Flow Summary by highlighting that US equities received over $9bn of MPF’s net inflows in Q1 2024, by far the largest quarterly MPF net inflows into US equities ever recorded, and a concerning trend which Mr Chung attributes to a confluence of new fund launches, disappointing local equity results and MPF members trying to capitalize on the strong momentum of the US market. Find out more here: https://lnkd.in/eRJmq4ne #mpfratings #MPFRIntelligence #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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MPF Ratings released April MPF performance survey by highlighting the ongoing rebound in Hong Kong and China equities while US equities produced MPF’s worst asset class loss in April just after members moved an unprecedented $9.2bn into the world’s largest share market. The MPF system generated a modest monthly loss of -0.24%. In absolute dollar terms, the investment loss is equivalent to -$2.85bn (or -$600 per MPF’s 4.75m members) however year-to-date investment gains continue to be positive at $25.7bn, or $5,400 per member. After factoring in contributions, total MPF assets end April at approximately $1.18tr (up $1.15bn from end of March and $43.5bn for year-to-date), equivalent to an average MPF account balance of $249,100 (up $240 from end of March and $9,200 for year-to-date). Find out more here: https://lnkd.in/gN-vnr3T #mpfratings #MPFRIntelligence #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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HKEX REACHES AGREEMENT WITH SSE AND SZSE TO EXPAND SCOPE OF ELIGIBLE ETFS UNDER STOCK CONNECT Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to announce on Friday that it has reached an agreement with Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE) to expand the scope of eligible exchange-traded funds (ETFs) under Stock Connect. The eligibility criteria for ETFs for both Northbound and Southbound trading, including the assets under management requirement and the index weighting requirements, will be relaxed to support the continued development of the mutual market access programme. This expansion will further enrich investment options and enable Stock Connect investors to allocate assets in both Hong Kong and Mainland China markets in an efficient and cost-effective way. Further details of the expansion can be found in the circular published by HKEX today. The three exchanges will work closely on the business and technical preparations for the expansion, which is expected to take effect approximately three months from the date of this announcement. #ETF #StockConnect #HKEX #SSE #SZSE

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Developments driven by a combination of innovation and sustainability point to long-term growth and an acceleration of the green transition, argues Bonnie Y Chan, Chief Executive Officer, Hong Kong Exchanges and Clearing Limited (HKEX) #AMNC24

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Hang Seng Indexes Company Limited today announced the results of its review of the Hang Seng Family of Indexes for the quarter ended 31 March 2024. All changes will take effect on 11 June 2024 (Tuesday). Find out the review highlights for our flagship indexes in below infographics. For the review results of other indexes in the Hang Seng Family of Indexes, please check the Index Review Result notice with publication date 17 May here: https://lnkd.in/g49E5UxA #HangSengIndexes #HSI

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MPF Ratings released the monthly performance survey by pointing out that while a second half pullback in May left the MPF system just short of its all-time record total asset size, average MPF account balances now exceed $250,000 for the first time since January 2022 as the system produced a positive monthly return, its 3rd in 2024. US equities topped the MPF's May performance table with a return of 4.72%, as the system generated a May gain of 2.08%, to increase its year-to-date gains to 4.36%, the best first 5 calendar months’ performance since 2021 and the 8th best first 5 calendar months’ performance since MPF’s launch. Find out more here: https://lnkd.in/gRJinnVk #mpfratings #MPFRConsistentPerformers #MPFFastMover #MarketInsights #MPFMarketShare #MPFFundFlows #MPFNetReturns #MPFIndustry #pensionschemes #assetmanagement #investmentmanagement #mpf #investment #empf

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Today’s China Top Five:   💡 𝗝𝗼𝗶𝗻𝘁 𝗩𝗲𝗻𝘁𝘂𝗿𝗲 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹 A fund management joint venture between Bank of Suzhou Co., Ltd. (56%), Temasek-backed CapitaLand (24%) and a local investment vehicle (20%) has received operational approval, with a registered capital of RMB150m. This is the first bank-backed fund joint venture to be approved in eight years.   💡 𝗪𝗲𝗮𝗹𝘁𝗵 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗖𝗼𝗻𝗻𝗲𝗰𝘁 𝟮.𝟬 The GBA Wealth Management Connect program has seen a rapid increase in participation since its expansion earlier this year. In March alone, there were over 24,000 new participants, with more than 40% coming from Hong Kong and Macao. Investors had remitted RMB16bn by the end of March, although deposits remain the most popular allocation target.   💡 𝗟𝗶𝗳𝗲 𝗝𝗩 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗙𝗮𝗺𝗶𝗹𝘆 𝗢𝗳𝗳𝗶𝗰𝗲 𝗢𝗳𝗳𝗲𝗿𝗶𝗻𝗴 AEGON THTF Life launched its “Wisdom Winner” family office service. The offering with leverage the global investment experience of Aegon to provide wealth planning to high-net-worth individuals and their families, with insurance products at the core. The service will incorporate local and global tax and trust advisory, as well as healthcare and other assistance.   💡 𝗕𝗮𝗻𝗸 𝗪𝗲𝗮𝗹𝘁𝗵 𝗝𝗩 𝗗𝗶𝘃𝗲𝗿𝗴𝗲𝗻𝗰𝗲 The combined AUM of the bank wealth management JVs that were operation for the whole of 2023 decreased by RMB25bn last year. The majority of this decrease came from Amundi BOC WM, while Schroders BOCOM WM also had declining AUM. Conversely, BlackRock CCB WM and Goldman Sachs ICBC WM were able to grow their AUM in the year.   💡 𝗜𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗣𝗿𝗼𝗱𝘂𝗰𝘁 𝗥𝗲𝗽𝗼𝗿𝘁𝗶𝗻𝗴 𝗦𝘁𝗮𝗻𝗱𝗮𝗿𝗱𝘀 AMAC plans to increase the reporting requirements for private asset management products run by securities and futures firms. This includes continuous reporting of leverage levels and notification of deferred payments. Violations will be relayed to CSRC and may result in business restrictions.   #chinatopfive #zbenadvisors #assetmanagement #mutualfunds #ETFs #china #financialnews

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【Hong Kong🇭🇰：Habitat of Family Offices】 Hong Kong has consistently ranked in the top 3⃣️ in overall competitiveness among the world's leading wealth management centres since 2013. It is Asia's leading financial centre, with a strong talent pool and industry expertise. As the number of family offices in Asia continues to grow, so does Hong Kong's role as a home for family offices✨. Due to its advanced financial system, Hong Kong is the first choice for professional services for almost 6⃣️0⃣️% of mainland Chinese enterprises seeking to grow abroad. Moreover, Hong Kong is the world's second-largest offshore wealth management centre. The city is the world's fastest-growing significant wealth management centre for global asset management💰. Rich families are drawn to Hong Kong because of its breadth, depth, and experience in the market, especially considering the significance of wealth and asset management in a family office. It is home to 70 of the world's 🔝 100 asset managers, as well as over 42,000 asset and wealth management professionals. Hong Kong is also the largest cross-border private wealth management and hedge fund centre, ranking second only to mainland China as a private equity hub. #CUHK #CUHKCFB #FamilyOffice #FinancialCentre #AssesManagenent #MainlandChina #FinancialSystem #WealthManagement

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FSDC Welcomes CSRC Measures Enhancing Hong Kong's Financial Market Hong Kong, April 25, 2024 – The Financial Services Development Council (FSDC) welcomes the recent five measures announced by the China Securities Regulatory Commission (CSRC) on April 19, 2024. These measures, aimed at expanding the mutual access between the capital markets of the Mainland and Hong Kong, reinforce Hong Kong's position as a leading international financial centre. The FSDC is particularly encouraged that four out of the five CSRC measures closely align with the policy recommendations outlined in the FSDC's research papers, namely, "Accelerating Offshore RMB Market Development: Enriching Hong Kong's Offerings as an International Financial Centre," published in March 2024, and "Revitalization of Hong Kong's Real Estate Investment Trusts Market - Promoting Liquidity," published in May 2021. Mr Laurence Li SC, Chairman of the FSDC, stated, "We are deeply appreciative of the CSRC's ongoing support and are encouraged to see our policy research work bearing fruit. The adoption of these measures signifies a remarkable step forward in strengthening the connectivity and competitiveness of both the Mainland and Hong Kong's capital markets. We anticipate that improvements in broadening liquidity, expanding product offerings, and fortifying risk management tools will drive substantial progress." #trust #realestate #FSDC #CSRC #Internationalfinancialcentre

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On May 14, we are delighted to invite you to the joint webinar hosted by Bond Connect Company Limited and ICBC International, titled “Thriving in Flux: Unlocking China's Bond Market Value”.   This event highlights a rich lineup of guests, and we will discuss the latest updates on China's macroeconomic outlook for the second half of 2024, key trends in the inter-bank market rate and Swap Connect, the investment value for overseas investors in the Chinese onshore bond market, and share insights on market opening and future market development challenges.   Speakers include: -        Tony Wang, General Manager, Bond Connect Company Limited -        James SUN, Deputy Chief Executive Officer, ICBC International -        Andy Zhang, PhD, Principal Economist, Head of Macro, Fixed income and Investment strategy Research, ICBC International -        Lin HU, RMB Rates Trader, Global Markets Department, Industrial and Commercial Bank of China -        Lingzhu Yu Steiner, CFA, Managing Director, Head of Institutional Fixed Income Sales Department, ICBC International -        Lei ZHU, CFA, Head of Asian Fixed Income, Fidelity International -        Isaac / Yuan M., Managing Director, Portfolio Manager, Fixed Income, Manulife Investment Management -        Wei TANG, Senior Manager, Global Markets Department, Industrial and Commercial Bank of China Check the event agenda, remarks and applicable disclaimer on our website: https://lnkd.in/gtHVyWzF #BCCL #BondConnect #chinabond #SwapConnect #ICBC

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Hong Kong's Stock Exchange (HKEX) adopts ISSB standards for climate-related disclosures. The new requirements, based on IFRS S2, aim for international alignment and investor appeal. Details: https://zurl.co/rdXj #ESG #Sustainability #IFRS #HKEX

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A better way to invest — the Endowus Employee Platform Solution enables fund management companies to provide their employees with access to their own full range of funds including employee share classes. “Ironically, employees of fund management companies may not have easy access to their employer’s funds. They often have to resort to regular distribution channels like brokerages or banks, investing in trailer-heavy retail share lasses of their own company’s funds.” - Samuel Rhee, Chairman and CIO of Endowus. A massive thank you to Asian Private Banker for featuring us and speaking in depth on our latest B2B endeavour. Read more here: https://hk.endw.us/3Li2mY6 Investment involves risk. Past performance is not an indicator nor a guarantee for future performance. Projected performance is not guaranteed. Please refer to our full disclaimer at https://sg.endow.us/mas. #EndowusSG #EndowusHK #CorporateInvestmentSolutions #InvestBetter

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