05/01/2020
China's Central Bank Approves Business Operations of Newly Revamped Baoshang Bank
Baoshang's assets, liabilities and operations within the Inner Mongolia region will be taken over by Mengshang
Legal, Regulation & Compliance
05/01/2020
Colonial First State closes global fund
The Acadian Diversified Alpha fund was a global, absolute return, long/short equity strategy.
05/01/2020
The improper dilution of shareholders’ rights – the latest instalment in the Tianrui v China Shansui dispute
This issue has long exercised judicial and academic minds in England and other jurisdictions, with widespread disagreement.
04/30/2020
Efama and BVI call for urgent completion of Priips review
“We simply must avoid continued misinformation to retail investors and damaging the Ucits brand by extending the currently flawed Priips KID. Time is now of the essence.”
04/30/2020
Former Spectrum Wealth, NAB advisers banned
ASIC said Myers failed to identify her client's relevant circumstances or investigate whether the SMSF would achieve her clients' financial objectives beyond their desire to purchase property.
04/30/2020
DASH launches LDB platform for regulatory capital compliance
The modernized version of DASH’s LDB platform, DASH 360R, automates the calculation and reporting process, as well as any firm-specific requirements, easing significant back-office operational challenges faced by brokers and clearing firms.
04/30/2020
Malaysia is Looking for ex-CEO Wanted for Money Laundering
If found, Wong will, upon conviction, face a fine of up to RM3 million ($US 700,000) or imprisonment up to five years, or both, the statement said.
04/30/2020
Rapid uptake for succession & estate planning solutions in Asia
The global measures to curb the spread of the Coronavirus as well as the resulting market instability and travel restrictions have also allowed younger generations to speak more freely with family members.
04/29/2020
India central bank opens 500 billion rupee facility for mutual funds facing liquidity stress
India has reported 29,451 cases of Covid-19, the disease caused by the coronavirus, and 939 deaths, as at April 28.
04/29/2020
Linklaters counsels PBOC on issuance
Linklaters previously acted as international legal adviser to the PBOC on its first issuance of RMB bills in London, in 2015.
04/29/2020
China’s central bank expands fintech regulation to 6 more cities
The regulator further hopes that in expanding to these cities
04/28/2020
Asian Pensions Under Pressure on Early Withdrawals
In South Korea, one trillion won has already been withdrawn from personal pension plans, as investors utilise the money for emergency funding.
04/28/2020
Cambodia regulator gives nod to four new fund management firms, report says
The report says the SECC issued five fund management licences between January and March, including to Aegies Fund Management Plc and PLMP Venture Capital Co Ltd.
04/28/2020
iShares and S&P Dow Jones Indices ink licensing deal for ESG ETFs
iShares offered more than 900 ETFs with US$1.85 trillion of assets under management as of the end of the first quarter of the year.
04/28/2020
HKMA: «The Black Swan Has Arrived»
Performance figures for the Exchange Fund will be released in May.
04/27/2020
Using Captives to Insure Against Black Swan Events
As popularized by finance professor and Wall Street trader Nassim Nicholas Taleb in relation to financial markets, the term “black swan” refers to a rare or low-probability event that deviates from what is normally expected but poses critical
04/27/2020
Losses on Bank of China crude oil investment product could hit $1.3 billion - report
The Bank of China last week settle trades after WTI futures prices fell below $0 for the first time, ending at minus $37.63 per barrel as traders paid to get rid of their oil.
04/27/2020
Why gold is the dollar’s only real challenger among global currencies
While the greenback is set to remain strong in the short term, its purchasing power may diminish if excessive stimulus measures continue
04/27/2020
ANZ accused of exploiting staff
All staff at ANZ in Australia have been asked to use their accrued leave, even though holiday plans have been left in disarray as a result of COVID-19 travel bans.
04/27/2020
CFA Institute: Investor protections improve in Asia Pacific as regulators focus on sales inducements
The report examines regulations and industry practices around sales inducements in a number of financial markets including Australia, Hong Kong SAR, India and Singapore.