British insurer Prudential PLC has shut down Pulse Wealth, its Hong Kong wealth management unit, as it “aligns” its wealth strategy, a spokesperson confirmed. pionline.com/money-manageme…

Japanese fund manager Asset Management One has shut down its Singapore office, the firm said in a statement. pionline.com/money-manageme…

Singapore vs Hong Kong in tourism, 2023 Visitors 🇸🇬 13,610,435 🇭🇰 33,999,660 Tourism Receipts 🇸🇬 S$27.16 billion (US$20.19 billion) 🇭🇰 HK$141.234 billion (US$18.103 billion) Per capita spending 🇸🇬 S$1,995 (US$1483) 🇭🇰 HK$4,154 (US$532) (HKTB, SingStat) scmp.com/business/artic…

It's #HongKong's biggest national security case. In Jan 2021, 47 pro-democracy figures were arrested for staging a primary vote. They're accused of subversion, a serious NSL crime punishable by up to life in prison. Today, the court declared 14 of the 16 accused *guilty*.

Aging founders and a rush of private equity buyers spark deal activity in Japan pionline.com/alternatives/a… via Pensions & Investments Natalie Koh

Hong Kong's property market has lost $270 billion in value in the last five years, the longest downturn since SARS. Homeowners are now increasingly contemplating what once was unthinkable — selling at a loss bloomberg.com/news/features/… via Bloomberg Wealth Krystal Chia Claire Ballentine

Bridgewater Associates is planning to raise performance fees for its onshore funds in China after solid returns lured more assets, overcoming turmoil in the country’s 5.2 trillion yuan ($715 billion) hedge fund industry. bloomberg.com/news/articles/… via Bloomberg Markets

#NOW Selina Cheng Selina Cheng was fired this morning by The Wall Street Journal , weeks after she refused to withdraw from her newly-elected chairmanship and renewed ex-com membership of 香港記者協會 HKJA despite demands from the Journal’s senior editors and her supervisor in the UK.

😂😂 This caught me off guard this morning.

High-yield bond interest on the rise as hopes fade on investment-grade trade pionline.com/money-manageme… via Pensions & Investments Natalie Koh

Franklin Templeton to form ETF, digital assets joint venture in Japan pionline.com/exchange-trade… via Pensions & Investments Natalie Koh

Can't wait to see what they come up with in 12 months! 😊 #Sgx mas.gov.sg/news/media-rel…

Tencent and Alibaba now together back almost all of China's LLM startups. You don't see this kind of funding frenzy since, ugh, bike-sharing days. bloomberg.com/news/articles/…

Despite the AI-led market rout earlier this month, fund managers say there still are AI companies with structural growth potential, particularly in Asia. #AI #investing #asia pionline.com/money-manageme…

Value Partners appoints executive directors from new owners GF Securities pionline.com/money-manageme… via Pensions & Investments Natalie Koh

China’s retirement age hike insufficient for the nation's pension needs pionline.com/pension-funds/… via Pensions & Investments Natalie Koh

Texas Municipal CIO positive on private markets in Asia-Pacific pionline.com/alternatives/t… via Pensions & Investments Natalie Koh

#BREAKING Former chief editor of now-shuttered online news platform #StandNews Chung Pui-kuen is sentenced to 21 months in jail and Patrick Lam is given a sentence that will allow him to walk free over conviction of “conspiracy to publish seditious publications”.

"Rates coming down will help as more deals get done. Blackstone's Gray uses the size of his bag when he goes home on the weekends as an indicator (of deals in the pipeline) — he’s carrying 2 bags now vs. one." Joe Dowling via Natalie Koh Pensions & Investments pionline.com/alternatives/2…

HongShan Capital Group, formerly known as Sequoia Capital China, is setting up a London office to look for investment opportunities in Europe bloomberg.com/news/articles/… via Bloomberg Markets