Managers of Wealth Asia Pacific

Reactions to details of Hong Kong's new national security law

Investors will bide their time before deciding on moving their capital out.

Bank of Baroda closes subsidiary in Ghana

The closure of overseas bank branches is part of government''s plan to rationalise and streamline operations under the reforms agenda for the banking sector approved in 2017 under the then finance minister Arun Jaitley.

Bank of Thailand Plans to Create Digital Currency Prototype for Corporate Sector

The model will maximize the efficiency of corporate payment infrastructure by adding flexibility to remittance work and enabling rapid payment processing between companies.

Centre for Asian Philanthropy and Society’s Doing Good Index Plots Way Forward in Post-Covid-19 World

Governments struggling to meet growing social demands will need help from private and social sectors

IMA Releases New Reports on the Role of CFO in Sustainability

Reports analyze integration of finance professionals in sustainable business activities

Indonesia central bank makes year's 3rd rate cut, trims GDP outlook

Governor Perry Warjiyo pledged to keep all of BI's instruments "accommodative" and said there was room for further monetary easing, while trimming BI's outlook for 2020 GDP growth to 0.9-1.9 per cent from 2.3 per cent.

MAS says 14 of 21 digital bank applicants eligible for next stage of assessment

In the next stage of assessment, the 14 eligible applicants will have to present their proposals to MAS via virtual meetings.

FIIG calls for taxation, regulatory overhaul

FIIG said as a result they are extremely different to other OECD countries and materially divergent from what is considered to be well documented best practice.

SFC publicly criticises CICC Financial Trading Limited and China International Capital Corporation Limited for breaches of Takeovers Code

The disclosure obligations in the Takeovers Code are intentionally onerous to reflect the fact that a high degree of transparency is essential to the efficient functioning of the market in the critical period of an offer or possible offer for a company&am

China's security laws send chill through Hong Kong finance sector

Economists and analysts fear prosecution or self-censorship in research reports

Malaysian banking sector not out of the woods yet

For 2021E core net profits, it has pencilled in a 13% year-on-year (y-o-y) recovery, following a sharp 28.6% y-o-y contraction in 2020E.

Sustainability Takes Centre STAGE in Hong Kong: HKEX Announces Plans for New Sustainable Finance Platform

Going forward, HKEX intends to continue to develop the platform in response to the dynamic and evolving sustainability landscape in Asia.

China's Shandong Gold to buy Ghana-focused Cardinal Resources for $221 mln

The Chinese miner will also subscribe for 26 million new shares to be issued by Cardinal at a price of A$0.46 per share for a total A$12 million.

Ogier advises Hammer Capital on fund launch for US$1.1 billion take-private of Bitauto

Ogier partner Kate Hodson from the firm's Hong Kong office led the Ogier team

Westpac under pressure to settle with AUSTRAC

AUSTRAC’s decision to raise the stakes in response to the bank’s attempts to frame the allegations in public and private mirrored an identical development in its case against CBA.

Chinese big names generate buzz in Hong Kong virtual banking

New players hope to tap GBA cross-border wealth management, payments

China Pacific Insurance List GDRs in London

China Pacific Insurance received clearance to list in London from the CBIRC (China Banking and Insurance Regulatory Commission) in May and the CSRC (China Securities Regulatory Commission earlier this month.

Franklin Templeton receives QDLP license

The firm received its licence four years after it established a WFOE in China.

OCBC Issues Singapore’s First SORA-based Loan Facility

The interest rate of the SORA-based loan facility is determined at the end of the relevant interest period by compounding daily SORA rates in arrears, and adding an applicable margin.

MUFG Bank Secures China Interbank Bond Market Licence

With an MUFG account, Japanese investors will be able to transact in Chinese government bonds and bank debentures in Japanese, Nikkei notes.

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