Story w/Summer Zhen #reuters

Scoop- #JPMogan is exiting a biz with $520 billion custodian assets in HK and #Taiwan, including China investments via connect schemes. Less likely banking groups can escape the scenario planning, sizing the risks that may go beyond the business concerns reuters.com/business/finan…

My latest: EXCLUSIVE -China removes official after video games rules spark turmoil -sources - Reuters News China removed an official at a government body overseeing its press and publications regulator, five sources who were briefed on the matter said, days after Chinese gaming

My latest - Larry Fink decided to go for a China home-grown asset management veteran to oversee BLK China Inc

latest with Xie Yu

#Reuters #scoop #blackrock's passive investment veteran Susan Chan, its deputy head for Asia Pacific has been promoted to lead the region, succeeding Rachel Lord. New #China leadership unveiled also reuters.com/business/finan…

HK #Tycoon Richard Li is seeking to sell asset manager #PineBridge, which run US$15o billion, with J.P. Morgan hired to run the sales process, sources told Reuters. w/Kane WU reuters.com/business/finan…

Tycoon #RichardLi's insurance business #FWD is axing more than 50 staff in Hong Kong and Singapore this week, sources told us. Other regional insurers are seeing premium jumping since border opened with China. #reuters #scoop

Exclusive: HSBC plans to tighten risk management at Hong Kong unit Hang Seng Bank due to worries about a potential rise in bad loans amid growing economic headwinds and property sector crisis in China reut.rs/3wk8qLs

Morgan Stanley has laid off about 9% of its staff at its asset management business unit in China, sources said, as the country's spiralling stock market dampens prospects for its $3.8 trillion fund sector. w/Xie Yu

Our latest, w/Iain Withers

Exclusive: Chinese brokerage CICC cutting dealmakers' base pay by 25%, sources say reut.rs/4bcnR7v

Asset manager Value Partners cuts a third of China staff in overhaul, sources say reut.rs/3JGYi30

CICC, Citic, JPMorgan cut investment banking jobs in China as deals stall reut.rs/3wdYhAw

My latest. Canada's Power Corporation #PowerCorp has shut down an investment unit in China and dismissed all 17 staff from the local arm, sources told Reuters. reuters.com/world/americas…

My latest - in an unusual move for an industry where base pay is not subject to market conditions and bonus variations are more common, CLSA started notifying its investment bankers on Wednesday that their salary will immediately be cut by 15% to 30%

The five biggest challenges facing new HSBC CEO Georges Elhedery reut.rs/3ycfpHw

My latest with Engen Tham Sumeet Chatterjee

Our latest. Trading house and market maker #Virtuefinancial mulls China expansion as Beijing considers opening up the sector to foreign players #reuters