Increasing compliance costs are keeping Asian wealth managers up at night, according to a PwC survey. Wealthy women are also an important demographic to keep an eye on.
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Some form of the financial transaction tax being debated in Europe will come into force, but what the final rules will look like is still unclear, and a decision is some way off.
Multinational fund houses with operations in Asia are being urged to pay attention to new proposals by OECD members to clamp down on tax loopholes over the next two years.
The six-month postponement of the US's Foreign Account Tax Compliance Act allows Asian companies more time to negotiate, but they shouldn't be complacent, PwC cautions.
The Monetary Authority of Singapore has set out recommendations from its Financial Advisory Industry Review. Insurers may be relieved the rules don't go as far as some expected.
Sponsors in Asia will have to come up with more innovative ways to exit investments if they want to attract investors' capital to the region, industry players agree.
There is fear about a mooted 10% tax being applied retrospectively to gains made by QFII investors trading A-shares. Regulators are tipped to unveil answers in the next six months.
Many hedge funds invested in the Indian markets, and the dealers that provide this access through P-notes, have stopped adding positions for fear of potential tax liabilities.
South Korean institutions are increasingly investing overseas in a bid to resolve their asset-liability mismatches.
Guidance is needed over new proposals that could hit fund capital gains and damage foreign investment into India.
Announcing senior arrivals, the firm is bulking up in line with expected growth in services for new entrants and start-up funds. It is aiming to double revenue within five years.
Joint-venture players underestimated the difficulty of operating in China, says PwC, with most now anticipating no market share growth in the face of more competition from domestic firms.
