Surendra Rosha

🤝 Exciting new partnership with Manulife Hong Kong and Macau 🤝 Syfe is proud to announce a new collaboration with Hong Kong’s number 1 MPF provider to help its members make confident retirement planning decisions. Manulife's MPF member survey found that 71% had problems managing their MPF investments, whilst 53% felt they lacked enough knowledge in MPF portfolio management. To address this, Manulife has launched a new 𝐌𝐏𝐅 𝐑𝐨𝐛𝐨-𝐀𝐝𝐯𝐢𝐬𝐨𝐫 𝐩𝐨𝐫𝐭𝐚𝐥 which features an innovative digital tool from Syfe, designed to recommend an MPF-fund-based portfolio based on each person’s unique circumstances and investment needs. The recommendation includes full transparency into the portfolio allocation, such as asset class breakdown and top holdings, enabling simpler and more informed decision making. You can read more about the partnership here:  https://lnkd.in/d7PfTwsc Below: Jeanie Ho (Head of Hong Kong and Macau Retirement, Manulife, centre) Kevin Li (General Manager and Head of Syfe Hong Kong, left)

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📢"Advisors Today" Volume 1, 2024 Published 📢   The latest edition of IFPHK's journal "Advisors Today" is published. In this issue we look at the state of financial literacy in Hong Kong, the efforts in financial education, and the IFPHK Financial Education and ESG Leadership Awards. The CEO Regulatory Column also provides valuable perspectives on crypto assets, the ascent of finfluencers and the calling for more consumer protection in this area. Delve deeper into the story to gain a comprehensive understanding of these insightful contents.   📍Link: https://lnkd.in/gbWY8fec #IFPHK #AT #AdvisorsToday #FinancialEducation #CryptoAssets #Finfluencers 

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The growing focus on impact investing by family offices in Asia is a welcome trend. The increasing sophistication of family office strategies, as highlighted in the article about Hong Kong and Singapore, demonstrates a commitment to impact beyond simple #philanthropy. Collaboration between family offices and organisations like AVPN is crucial to unlock the full potential of this approach. By sharing knowledge and best practices, we can ensure that capital is allocated more effectively towards solving Asia’s social and environmental challenges. As data and impact measurement tools continue to develop, family offices will be even better equipped to make informed decisions and maximise their impact. This is an exciting time for impact investing in Asia, and with the increasing involvement of family offices, we can look forward to a future where financial returns go hand in hand with positive social and environmental outcomes. #familyoffices #impactinvesting #socialinvestment #sustainability Vikas Arora

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Between a rock and a hard place: HKEX's balancing act Hong Kong's capital markets remain an attractive place for PRC companies to raise funds from international investors, including through IPOs. Recent indicators and client requests suggest that after a somewhat slower period, interest in and demand for HK IPOs are picking up. Underwriters and potential issuers will likely remain cautious until after the US elections. However, as the US-China geo-political and geo-economic relationships are expected to remain tenuous, PRC companies and investors are exploring options beyond western capital. The HK IPO process can thus serve as an important indicator of how the financial sector and other market participants address the existing and future US-China conflict of laws, particularly around international sanctions and PRC countermeasures. Despite being stuck between a rock and a hard place, the HKEX has been able to strike a creative – albeit some might say, timid – balance between international banks' commitment to sanctions compliance and domestic rules. 1. Sanctions opinion This balancing act relies on the requirement for potential issuers to provide a sanctions memo from a qualified counsel. We have supported a number of recent successful IPOs and pending processes. We can therefore attest that HKEX takes this sanctions clearance very carefully – often through a number of detailed follow up queries and clarifications – before the disclosure terms are finalized. A legal opinion must address whether business activities within the track record period (3 years): (i) are subject to or may have violated any sanctions and export controls laws in applicable jurisdictions; and (ii) will result in any material sanctions risks to itself or other stock exchanges. Dealings in high-risk countries like Iran and Russia should therefore be carefully reviewed and sanctions risks should be efficiently mitigated. 2. Sanctions compliance The legal opinion is a "live" document and delays in listing will require the analysis to capture an updated track record period. This requires an applicant to continuously comply with ever-changing sanctions regimes. Indeed, the HKEX recommends all applicants monitor their business for exposure to sanctions risks during and after their listings. While international sanctions compliance might not always be a top priority, any company with HK IPO aspirations would be well-advised to enhance its sanctions compliance early to save legal fees and IPO delays. 3. Collaboration with regulators Listing applicants should also be ready to answer questions from the regulator and be flexible when circumstances change – eg SenseTime, a facial recognition developer, removed US investors from its IPO after being added to the CMIC List. Our sanctions and our IPO teams are happy to address any questions – Frank Bi, Li Jiang, Tom Cummins, Dr. Dr. Claus Zimmermann, Vicki Tang, Kenneth Lee

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This week at #RIJapan2024 Head of Sustainable Investment for Japan, Atsuhito Mori, along with a panel of experts, will discuss the importance and use of social data and the lagging on the ‘S’ and disclosure in Japan under the theme ‘Social disclosure in Japan’. Come and join Stream B-2 to learn more. https://lnkd.in/d3w-TGza #SustainableInvestment #SocialDisclosure #ESG #SustainableGrowth

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Almost 300 participants from more than 100 banks attended today’s industry sharing session, “Journey to Operational Resilience: Mapping and Testing,” co-hosted by the HKMA and The Hong Kong Association of Banks. In her opening remarks, Carmen Chu, Executive Director (Banking Supervision) of the HKMA, shared the positive progress made by banks in putting in place robust operational resilience frameworks. She also highlighted the remaining challenges in mapping and scenario testing exercises, as well as the importance of keeping the momentum in the coming months. The HKMA will continue to proactively work together with the industry, noting the increasingly far-reaching consequences of operational disruptions in today’s interconnected world. Panel speakers included Marina Tong of HSBC, Rose Kay of Standard Chartered, Peter Law of Bank of China (Hong Kong), and Ricky Woo of DBS Bank, who shared valuable insights and good practices for mapping the interdependencies of banks’ critical operations. Real-life case studies from payment, trading and mobile banking operations were shared. The panel also discussed effective methods for conducting scenario testing to unveil vulnerabilities for early remediation. Read more about today’s industry sharing session here: https://lnkd.in/gX6C2yiB Stay tuned for further supervisory engagement and knowledge sharing initiatives to support the operational resilience of the banking industry!

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We support the Global Financial Leaders' Investment Summit Follow Finance Mandarin 漢通金融學院 Ask Vienne Lee Finance Mandarin for Intrepration & Translation Services https://lnkd.in/g_BitWT3 #translation

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While traditional asset allocation focuses on regions and sectors, head of multi asset Asia Andy Wong prefers a more forward-looking approach that capitalises on specific investment themes. In this video, he describes the three different pillars of his strategy and the themes he is currently exploring in his portfolio. #multiasset #assetallocation #Asia

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【#MPFABlog Utilize relevant information as a smart MPF scheme member】 #MPFA Chairman Mrs Ayesha Macpherson Lau published her blog post today, reminding scheme members to carefully identify and understand different #MPF-related information available in the market when managing their MPF. She pointed out that general information focusing on the overall market performance may not be the most relevant reference for scheme members in planning their retirement protection. The overall investment return of the MPF System is an average figure reflecting collective investment decisions made by over four million MPF scheme members. This average figure is merely a generalized statistical value, which has no direct correlation with the investment returns of individual scheme members because the portfolio of each scheme member has different risk level and the markets invested have different performance, leading to diversity in returns. She suggested making reference to more personalized data which offer more insights on their individual situations, and developing appropriate investment strategies for retirement protection in accordance with risk tolerance level in different life stages. Click here for the press release: https://lnkd.in/g9B_yE_6 Click here for the blog post (Chinese only): https://lnkd.in/gjTmXC43 #MPFABlog #MPFA #MPF #RelevantInformation #InvestmentStrategies

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Raffles Family Office has hired Barry Tse, a former UBS banker, as the Managing Director of Relationship Management. Tse, who will be based in Hong Kong, is tasked with expanding the business. He brings extensive experience from his previous roles at UBS, Julius Baer, Macquarie Bank, and Man Investments. This move is part of Raffles Family Office’s broader strategy to strengthen its presence in the region, following other recent high-profile hires. https://lnkd.in/gQS3dhNr

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HSBC Global Private Banking has appointed Annie Lim as the new desk head for Singapore. Lim joins from Lombard Odier, where she focused on wealth management and advisory for ultra-high net worth clients, including family offices. With nearly 30 years of experience in the banking industry, she has also worked at Credit Suisse, Standard Chartered, and American Express Bank In her new role, Lim will be responsible for growing HSBC’s client relationships in the UHNW segment and family offices, reporting to Hammad Hashmi the market head for Singapore, Malaysia, and Indonesia

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🎓 Curious about family offices and trust structures in Hong Kong? Check out this insightful conversation between our Programme Director Bonnie Leung and our instructor Maggie Chen, and learn more about our HKU Master of Family Wealth Management programme at The University of Hong Kong.💼💡   #wherefamiliesandwealthcrossover #familywealthmanagement #hkfamilyoffices #hongkongfamilyoffices  #familybusiness  #wealthmanagement #hkufamilywealthmanagement #hkufwm #hku #universityofhongkong  Hong Kong Institute for the Humanities and Social Sciences

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At Moofest 2024, our expert panel shared invaluable strategies for reaching that coveted S$1 million portfolio milestone. Featured speakers: - Kunhee Park, Senior Manager ETF Business Development, Invesco Ltd. - Ryan Wu, CFA, Head of Private Wealth & Institutional Business, Moomoo SG - Kathlyn Toh, Director & Chief Trainer, Beyond Insights Sdn Bhd - Christopher Tan, Committee Member, Securities Investors​ Association (Singapore) - Jamie Chung, Head of Singapore Warrants, Macquarie Group With over 75 years of combined investment experience, our experts offered these key insights: 🚀 Start Early and Stay Consistent: The power of regular, disciplined investing over time How small, consistent contributions can lead to significant growth 🌐 Strategic Diversification: Balancing your portfolio across various asset classes Leveraging stocks, ETFs, and other instruments for optimal risk-reward 🛡️ Effective Risk Management: Strategies to protect and grow your wealth in volatile markets The importance of understanding and managing your risk tolerance 📚 Continuous Financial Education: Why ongoing learning is crucial for making informed investment decisions Resources and tools available for enhancing your financial literacy ⚖️ Systematic Approach to Investing: The benefits of a disciplined, methodical investment strategy How automation and regular reviews can keep you on track #MoomooSG #Moofest2024 #IAlsoCan #InvestSmarter

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Dr. Stephen Roach and Dr. Mark Mobius recently visited Hong Kong. I enjoyed meeting both of them and learning from them. While this article captures their recent comments, I wonder, however, if our government really 'hit back?' I hope this phrase only attempts to jazz up the headline to draw eyeballs. I believe our city is humble enough to accept constructive criticism gracefully, which is essentially what Roach tried to offer. It is important to note that this whole thing isn't a fight, but a constructive debate. In a fight, you try to win. In a debate, or in any persuasion, you try to win your opponent over. Let us try to keep our heads down, get the city working, and next time when Roach is back in town, we win him over. Don’t we remember the old adage that goes, 'Everyone should be quick to listen, slow to speak, and slow to get angry.' #hongkong #future #economy #business #debate https://lnkd.in/gyD_3yrs

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Since 2017, the Hong Kong Monetary Authority (HKMA) has integrated ESG factors into our investment process. In 2019, we established the overarching guiding principle to prioritize ESG investments with comparable long-term risk adjusted returns, underpinning an approach for responsible investment that dovetailed with our investment objectives. In 2022, we have set a net-zero emissions target by 2050 for our Investment Portfolio. We also exercise shareholder rights in our public equity holdings in a manner that helps safeguard the long-term value of our investments, as we believe that responsible corporate behavious guided by ESG factors will help create shareholder value in the long-term. We joined the United Nations-supported Principles for Responsible Investment ("PRI") as its first Asian central bank signatory, and has been contributing actively to various PRI practice guides. At the Greenwich Economic Forum this year, there were questions from the audience on institutional investors' commitment to sustainable investing I was honoured to share the stage with William Bell, CIO of Alternatives, Arch Capital Group Ltd. Mark Burgess, Chairman & Investment Committee, Australian Retirement Trust, Jay Madia, Managing Director, Axis Capital and James Aiello, Co-Founder, Greenwich Economic Forum on a panel focusing on institutional investor perspectives.

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The HKMA has released the Sustainability Report 2023, outlining measures taken to strengthen banks’ climate resilience, enhance the green and sustainable finance ecosystem, invest responsibly and move forward as a sustainable organisation. The Report highlights our dedication to advancing the sustainability agenda, leveraging our roles as a bank supervisor, market facilitator, responsible investor, and a sustainable organisation. Read the Sustainability Report to learn more: https://lnkd.in/g7vWrAtV Access the HKMA Annual Report 2023 for additional insights: https://lnkd.in/gEwH9BJG #Sustainability #GreenFinance #ClimateChange #ESG #ClimateGoals

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