Managers of Wealth Asia Pacific

Singapore Police Force and MAS investigate companies under CoAssets Group

The joint investigation stems from complaints and feedback received from members of the public regarding suspected misconduct by CoAssets Group Companies.

China’s moves to curb market speculation are not ‘abrupt’ exit from coronavirus stimulus

The People’s Bank of China offered 2 billion yuan (US$309 million) in new liquidity on Tuesday, a far lower amount than the market expected

Top banking official praises China’s new fintech regulations

Deputy governor of the People’s Bank of China says tighter regulations for fintech are a necessity

Hong Kong: China will no longer recognise British national overseas citizens

Move comes after UK says people with status can move to Britain and eventually settle

Chinese Conglomerate HNA Says Creditors Filed Petition for Its Bankruptcy

Development adds to woes of what was once one of China’s most acquisitive companies

2021 Outlook for BCBS 239 Compliance in Southeast Asia

PwC’s South East Asia Consulting team discusses progress made to comply with BCBS 239 in Southeast Asian jurisdictions, providing an outlook and recommendations for the year ahead.

HK Regulators Ask Bankers to Explain Reasons for Departing City

During the phone calls, which hedge fund managers described as new and unusual, officials asked for a full picture of the decision-making process behind the moves and the significance of the timing.

T Rowe Price forms HK distribution partnership

The Baltimore-based asset manager has inked its first Asia ex-Japan direct retail partnership to sell funds.

Applebys Hong Kong Office Maintains its Rankings in Legal 500 as it Celebrates Historic Landmark

Legal 500 also highlighted Appleby for its strong Chinese language capabilities.

Japan, Shanghai Bourses Agree to Expand ETF Connectivity Scheme

The exchange will also explore collaboration in areas of science and technology, the REITs market, and sustainable finance.

PBoC: Ant IPO Could Be Revived

Yi added that while financial innovation has been beneficial for financial inclusion and lower transaction costs, there were risks to consider such as consumer protection and misuse of monopoly power.

Some BOJ policymakers called for making ETF buying flexible, minutes show

A few members also said the central bank must enhance the sustainability of YCC including by tweaking its operations, so it can respond to economic shocks in a timely way, it showed.

Riding the Growth Momentum in Asia

The COVID-19 global health crisis has led to the deepest economic downturn in eight decades.

Regulatory Intervention Needed for JPY LIBOR Transition – Fitch

JPY LIBOR exposures are large, at around JPY 3 quadrillion (USD 29 trillion) for financial institutions based in Japan, roughly two-thirds of which expire after end-2021.

Korea FSS to Order Banks to Compensate Lime Fund Investors

The FSS’ financial dispute arbitration process would usually take place after the exact amount of losses has been calculated, which is expected to take around five years.

Shanghai to be financial hub for yuan-denominated assets

Foreign institutions to increase participation in sectors like securities, insurance

Singapore: Evolving data privacy laws and what it means to privacy professionals

There is a rising trend where you see people suing for damages en masse, via a class action

RBI imposes ₹2 crore penalty on Standard Chartered Bank

The penalty has been imposed for delays in reporting of frauds to RBI, revealed during the statutory inspection of the bank with reference to its financial position as on March 31, 2018 and March 31, 2019

South Korean Regulator Announces Measures to Promote ESG and Responsible Investing

Regulators in South Korea continued to progress sustainable finance market development activities in August 2020, when the FSC convened the first meeting of its Green Finance Task Force.

China limits foreign laws' application to Chinese companies

The rules do not apply to any foreign laws and other measures provided for in treaties or international agreements to which China is a signatory.

Legal, Regulation & Compliance