Managers of Wealth Asia Pacific

Nomura Signs MOU related to BOOSTRY Security Token Business

Under the MOU, the three companies also plan to form a business alliance regarding BOOSTRY’s operation and business.

Family-owned trust fined $1.1 mil by MAS for breaching anti-money laundering requirements »

These failures were identified by MAS in an inspection. ATSPL has paid the penalty in full and taken remedial actions to address the risk management deficiencies that led to the breaches.

Hong Kong: Banker Exodus Around the Corner

There is no pull factor – this is all push, the person said, noting the inquiries are largely in the «consideration stage.

Taiwan Sees Opportunity in Hong Kong Exodus

Taiwan President Tsai Ing-wen has also expressed sympathy for opponents of the new law, and opened an office earlier this month to facilitate immigration from Hong Kong.

Hong Kong needs to lift its regulatory game as China’s billionaires eye Singapore for its stability, cost advantages

Greater Bay Area billionaires see Hong Kong as a natural choice for establishing family offices for investing, succession planning

Expansion of the scope of the Private Funds regime

The change makes it clear that those entities that are not actively offering, or no longer issuing, interests no longer have an argument that they may be exempt on this basis.

Australia Extends Coronavirus SME Guarantee Scheme

The Scheme has seen more than 15,600 businesses accept loans worth AUD 1.5 billion.

Iran-China deal is ‘pragmatic’: CGTN

Iran and China plan to sign a 25-year comprehensive cooperation agreement.

PH is haven for the oligarchs

President Rodrigo Duterte recently claimed that he has managed to dismantle the country’s oligarchy without declaring martial law.

China takes over companies linked to disappeared financier

Chinese authorities are stepping up their bid to maintain financial stability as Covid-19 proves ruinous for economic growth and soured loans pile up.

Singapore economy in "dire" state but financial system robust, MAS says

Half the profits, or $5.3 billion, will be returned to the government and the other half will be added to the central bank’s reserves.

China: Regulators Seize Nine FIs Linked to Tomorrow Group

Operations will continue as normal for at least a year. Debt obligations and creditor rights will not be affected.

China to Connect Interbank, Exchange Traded Bond Markets

Under the arrangement, qualified investors will be able to buy and sell tradable bonds in either of the two markets through either market’s electronic trading platform, subject to meeting investor suitability requirements.

Hong Kong Regulators Offer Assurances on National Security Law

The rules and accepted practices governing market trading activities

Private jets, fast cars leave investors facing $100m wipeout

The empire of Michael Gu, a 32-year-old former mobile phone salesman, has collapsed as investors question his high-octane lifestyle.

Benefits of Crown Dependencies trusts for Asian families

Ties between Asia and the Crown Dependencies have traditionally been strong

Westpac found to be immature, reactive

The reassessment confirmed that Westpac was overly complex which results in confusion around accountability and challenges in execution

Australia Woos Financial Capital and Talent in Hong Kong

Canberra announced last week that it would be offering assistance to Hong Kongers seeking to leave the city after implementation of the new and controversial law.

Indian regulator in push for unbiased advice

Firms to segregate advisory and product distribution activities

L&T to wind up West Asian wealth management unit after InCred deal collapses

The shutdown of the unit will have little impact on L&T Finance as the business accounts for barely 0.1% of its consolidated income and net worth.

Legal, Regulation & Compliance