Managers of Wealth Asia Pacific

New rules on wealth products likely to boost China markets

Yet policy makers have been trying put a damper on them since 2017, with the chief banking regulator stressing that high risks come with high returns.

China's CICC and Tencent Holdings unit to set up fintech joint venture

The technological joint venture is expected to drive the accelerated transformation and scalable development of CICC’s wealth management business with digital and fintech capabilities," the bank says in a statement on September 24.

Qatar National Bank gets approval for first Hong Kong branch

QNB, which received approval for the branch from the Hong Kong Monetary Authority, said it would provide a full range of banking products and services and that the launch was part of an international expansion plan to establish a foothold in key markets

Former IOOF company loses court battle in timber scheme

IOOF sold its AET corporate trust business for $51.6 million to Sargon last year.

China Orders SOEs to Transfer Capital to Social Security Fund

Under a 10 September notice published on Friday, centrally-administered SOEs – including financial institutions – are required to transfer 10 percent of their state-owned equity to the social security fund by year-end.

EMEAP publishes Report “Study on the Implications of Financial Benchmark Reforms”

This report provides a brief overview of the three areas of financial benchmark reforms, summarises the results of the WGFM survey and the discussion among EMEAP members and private financial institutions, as well as identifies risk scenarios and proposes

China has 'no timetable' for launch of its digital currency, says central bank governor

The development of a digital coin required further "research, testing, trials, assessments and risk prevention", Yi said at a press conference in Beijing.

APRA’s Authority Potentially Undermined by IOOF Court Loss

APRA had sought to resolve concerns with IOOF over several years

Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’

The ECB in particular has eased aggressively, lowering its deposit rate by 10 basis points to a record low of -0.5%.

Ex-Credit Suisse Wealth Boss in Security Scrap

The Swiss bank was apparently looking to ensure that Khan didn't poach clients or key staff during the three-month period between leaving Credit Suisse and joining UBS, the Swiss paper reported.

APRA considers appeal in IOOF case

APRA left the door open for an appeal and, despite losing the case, praised IOOF for the changes it has implemented since the action was launched.

HSBC Woos Beijing Policymakers with PR Campaign

HSBC China head David Liao will go on a tour of mainland media outlets to build relationships and place more ads.

Experts Bemoan Hong Kong’s Slow Green Finance Reform

The mood at the first panel was fairly celebratory, with several Hong Kong and Guangdong government officials discussing what they bring to green finance in the Greater Bay Area around the Pearl River Delta.

Japan plans to tighten rules on foreign investment

Approval would be required when taking stakes in strategically important industries

China to deepen trade, investment cooperation with Bahamas: senior legislator

China stands ready to constantly boost its cooperation with the Bahamas in such areas as trade, investment, culture, education, tourism, agriculture and infrastructure, he said.

Taiwan regulator tightens rules for target-date bond funds, bond ETFs

The new rule became effective on September 16 but asset managers were given advance notice of the move.

Asian markets unmoved by central banks' latest actions

Market watchers look to more monetary stimulus as more economies feel the bite of the US-China trade war and tepid expansion

Steve Vickers, Hong Kong's Mr Risk, struggles to meet demand as protests roll

Fluent in Cantonese, Mr Vickers has dealt with everything from kidnappings to extortion and runs Steve Vickers and Associates Limited, a risk mitigation, corporate intelligence and security consultancy.

Welcoming Remarks and Keynote Speech at the Treasury Markets Summit 2019

Clearly an important pre-condition for a risk management hub is to have money or capital flowing through Hong Kong.

RBI Revises Concurrent Audit Rules For Banks Amidst Rising Frauds

The RBI has now issued a set of revised instructions that banks must follow to set up concurrent audits.

Legal, Regulation & Compliance