Retirement planning considered a key corporate and social responsibility

Retirement schemes should be considered one of the key prongs of social and corporate responsibility for firms, according to Somjin Sompaisarn, CEO of TMB Asset Management and chairman of the Association of Investment Management Companies. The industry veteran says that much of the wealth gains enjoyed by medium and particularly higher income earners in Thailand stem from their investments in the financial markets. Those people without sufficient capital to invest are further hampered by their

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FSA approves HKEx’s acquisition of control over the LME

The board of Hong Kong Exchanges and Clearing Limited (HKEx) has announced that the Financial Services Authority of the United Kingdom (FSA) has approved HKEx’s acquisition of control over The London Metal Exchange Limited (LME) through its indirect wholly-owned subsidiary, HKEx Investment (UK) Limited, by way of a scheme of arrangement and a capital reduction under the United Kingdom’s Companies Act. Following the FSA’s approval, the hearing of the petition to the High Court of England a

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Hong Kong predicted to be the world’s largest financial services centre by 2017

‘Here is the City’ recently wrote an article describing how the New York and Hong Kong financial services markets would outgrow London in four years. If this is the case, this has got to be some positive news for the Hong Kong financial services sector. The key arguments are sound enough with the article citing internationalisation of the RMB, economic growth in China and a more favourable regulatory environment. However, I think it doesn’t really take into account the challenges th

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