Managers of Wealth Asia Pacific

ASX market outage lasts all day

The ASX equity market paused trading this morning, and will not open until tomorrow morning.

OECD, UNDP Launch Plan to Align Global Finance with SDG Goals

According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.

Pimco obtains QDLP qualification

At least six foreign managers are expected to launch QDLP products in China this year.

Thai central bank agrees on cap for commercial banks' 2020 dividends payments

The measure was in line with guidelines from overseas regulators and would benefit financial institutions in the long run

ASIC Amends Proposed Intervention Order for Continuing Credit Contracts

The changes are to address potential unintended consequences of capturing certain sub-classes of continuing credit contracts that were not being issued to retail clients in the way described in CP 330.

Korea FSS Estimates Optimus Fund Losses Could Reach $300m

The FSS suspects these funds were either embezzled or used to pay back existing investors.

APRA Updates Draft Prudential Standard on Remuneration

The draft standard has moved to a more principles-based approach that is designed to be risk-based and proportionate, with more comprehensive requirements for larger, more complex regulated entities, i.e. Significant Financial Institutions (SFIs).

Labuan IBFC registers seven new captives in first half of 2020

Labuan IBFC is a “whitelisted” jurisdiction by the European Union and deemed largely compliant by the Organisation for Economic Co-operation and Development.

Malaysia securities regulator seeks feedback on plans to bolster unit trust industry

Current guidelines restrict lending only to eligible securities.

China's Xi Behind Ant's Failed IPO

In recent days, Beijing has also moved to strengthen antitrust laws and rein in the monopolistic behavior of the country’s top internet firms, amid a booming internet economy, accusing major players of unfair competitive practices.

ABS Releases Enhanced Listings Due Diligence Guidelines

A key update is to increase focus on the assessment of the adequacy and effectiveness of the issuer’s internal controls to meet its business needs and challenges as a listed company.

HKEX Chief Outlines Ongoing Market Development Initiatives

The third initiative Li highlighted relates to a broadening of the investment scope of the Stock Connect programme to include secondary-listed Hong Kong stocks and pre-revenue biotech issuers that meet certain conditions

Founder of China property site with no profits worth $20 billion

So far it has worked out. KE sales surged 80% to 46 billion yuan last year from 2017, and it has become China’s largest platform for housing transactions and services — no small feat for a market whose real estate brokerage services are a $1.6

Securities Commission Malaysia Introduces New Framework To Facilitate Offering Of Islamic Funds With Waqf Features

The framework is applicable to existing and newly launched unit trust and wholesale funds.

Standard Chartered Signs Deal With AWS

Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.

Vietnam fund makes first use of fast track migration scheme

Introduced in July, the new fast track regime has combined the processes for an incoming manager to gain GFSC consent along with the securing of its licence to conduct fund management into a single 10-day review period.

Thailand securities regulator to cut red tape by 2022, report says

He says the SEC has completed five projects as of September, including development of a paperless application process for mutual funds, and cutting down the number of forms required for bond issuance from 32 to 12.

SGX and CME Expand Clearing Partnership

The other two price return contracts: the SGX FTSE Emerging Market and SGX FTSE China H50 Price Return futures, are planned to be available on the Mutual Offset System (MOS) clearing link with CME from the first half of 2021.

Bank Indonesia and Monetary Authority of Singapore Extend Bilateral Financial Arrangement

The bilateral financing arrangement was established in November 2018, following the Singapore-Indonesia Leaders’ Retreat, where the leaders asked BI and MAS to establish the arrangement to build confidence in each other’s economies.

The AIFMD Review: Potential Impacts for Asia Pacific

The EC is indeed contemplating the idea of having a single rule book for investment funds, with the aim of harmonising the UCITS directive and the AIFMD despite them having different objectives

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