Managers of Wealth Asia Pacific

Deutsche Bank facilitates margin trade for offshore investor in China

New QFII, RQFII measures expand investment scope for foreigners, increase diversification

Law Society of Hong Kong Honors Morrison & Foerster with Pro Bono and Community Work Recognitions

The award honors local and foreign law firms who have demonstrated outstanding commitment to volunteer pro bono and community work.

APRA Announced Further Reduction in Committed Liquidity Facility

If outstanding government securities continue to increase beyond 2021, the CLF may no longer be required in the foreseeable future.

China and EU conclude investment agreement

The agreement will provide a fair market climate for EU investors with clear rules on Chinese State-owned enterprises (SOEs), transparency in subsidies, prohibition of forced technology transfer and other distortions.

China says US sanctions have no ‘legal effect’ in Hong Kong or China

Last month, the US also sanctioned 14 members of the National People’s Congress, the Chinese legislature, for their role in drafting the new national security law for the city.

SEC issues regulations on the issuance and offer for sale of insurance capital bond

The new regulations allow insurance companies to issue and offer for sale of insurance capital bonds.

The Job Of Tomorrow

Some jobs will disappear and others will emerge as the world faces a dual disruption

ASIC commences civil penalty proceedings against Squirrel Superannuation Services

ASIC alleges that between around March 2015 and July 2018

Appleby Acts as Cayman Counsel to Datang Group Holdings Limited

The Appleby team was led by Asia Group Head and Partner Judy Lee and Partner Chris Cheng with assistance from Legal Manager Kaile Yang.

Taiwan regulator may ban Fuh Hwa from BLF mandates over bribery scandal

Mr. Yu allegedly received bribes from Taiwanese investment firm PJ Asset Management to buy local stocks at prices higher than market value using BLF money.

Shanghai, Shenzhen Bourses Implement Revised Delisting Rules

The draft rules specified that companies found to be inflating their net profit or total profit by more than 100 percent for three consecutive years would be mandatorily delisted, provided that the total inflated amount is more than CNY 1 billion.

Carey Olsen partners featured on China Business Law Journal's 2020 A-List

To identify the leading individuals, researchers invite thousands of in-house counsel and China-focused lawyers at both PRC and international law firms to nominate those they consider to be the top private practice lawyers for the Chinese market.

Cambodia law allowing government bond issuance takes effect, report says

The government securities will be listed on the bourse “soon”, the Phnom Penh Post reported on December 21, quoting Sou Socheat, director-general of the Securities and Exchange Commission of Cambodia.

Brunei ruler wants pension fund to address members’ concerns, report says

The Sultan spoke to reporters during an unscheduled visit to the Ministry of Finance and Economy on December 31.

Non-banks to dominate digital banking application

Last Thursday, BNM said the licensing framework for digital banks enables the innovative app to uplift the financial wellbeing of individuals and businesses, and foster sustainable growth.

The Year Ahead: Developments in Global Litigation and Arbitration in 2021

Our report features economic analysis from The Economist Intelligence Unit, and legal analysis from our team of more than 1,000 disputes specialists across 77 offices.

Jack Ma arrested? Chinese media says Alibaba founder 'embracing supervision'

Ma's disappearance has fuelled speculations that he is either arrested or placed under house arrest. China has a track record of not revealing information on arrests of big personalities, so under 'supervision' could well mean jail

FIRB website updated

We welcome website feedback at any time.

Self-exiled former Hong Kong lawmaker Ted Hui accuses HSBC of ‘embezzling’ his money by freezing his credit cards

Ted Hui, who is currently in Britain, maintained the cards’ cancellation was a ‘political consideration’

Singapore police arrest 230 for role in scams involving S$2.9mil

They are being investigated for the offence of cheating or money laundering.

Legal, Regulation & Compliance