Managers of Wealth Asia Pacific

Former JPMorgan Asia top banker found not guilty of bribery

Ang Ren-yi worked at JPMorgan from June 2010 until October 2011, according to court documents.

Baker McKenzie Acts for Managers in AVIC International's USD 200 million bond issuance

This deal follows AVIC International's USD 300 million bonds issuance, in which the Firm likewise represented the managers.

ASIC points to several actions against fund managers

The formal ASIC announcement said the Federal Court winding up orders represented the first final outcome arising from ASIC’s court actions issued against Mayfair 101 Group companies and their director James Mawhinney.

Former NAB Executive Jailed Over Scheme to Defrauding Bank

Human Group is said to have issued a series of invoices totalling approximately AUD 43.4 million for consulting services which were provided to NAB as part of a scheme to defraud the bank.

Singapore Authorities Probe Crowdfunding Platform for Misconduct

The probe is looking into possible offences under the Penal Code and the Securities and Futures Act.

APRA releases its policy and supervision priorities for 2021

APRA suspended much of its planned policy and supervision agenda in March 2020

Foreign banks in dilemma over dividend regulation

In 2019, Standard Chartered Bank Korea sent its largest shareholder 655 billion won ($585 million), more than double its annual net profit that year.

The Brutal Truth for Bankers Is They’re Expendable

This was largely a product of the $35 billion Ant Group Co. initial public offering, which caused subscription funds to flow in and then to exit when Chinese regulators aborted the world-record sale.

China executes former asset management chief for corruption

Lai Xiaomin was found guilty of taking $280m worth of bribes over 10 years

Law Firms Mull Hong Kong Exclusion as Arbitration Center

Client involved were mostly from U.S. and Japan-headquartered firms and the concerns cited were not limited to industries like financial services but across all sectors including technology, pharmaceuticals and consumer goods.

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.

Legal, Regulation & Compliance