Asia Pacific
US asset manager Federated Hermes plans to establish an office in Hong Kong to capitalize on Asia's market opportunities. The board-approved move, set for announcement at the upcoming Asian Financial Forum, addresses global geopolitical tensions and client demands for local services.
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Tensions between China and Japan have risen over territorial disputes in the East China Sea. Diplomatic exchanges have become strained, with both nations increasing military patrols. Efforts for dialogue are underway to prevent escalation.