Managers of Wealth Asia Pacific

CBDT allows offshore fund managers to operate from India

Bunch of fund managers recently got pre-approval from CBDT

Australian regulator chides banks over delays in repaying wrongly charged fees

The commission had questioned the retail banks and AMP over charging such fees.

Compensation scheme is treating symptoms not causes

In a discussion paper to be published in Money Management, Steinhardt said the culprits which had caused the problems were not the banks, financial institutions or the larger, well-resourced licensees and dealer groups.

Aussie banks told off for delays in fixing systemic failures

But the regulator said the firms had taken too long to identify systemic failures.

China Business Law Awards 2019

The editorial team of China Business Law Journal presents the law firms whose performances stood out in the past year

UBS, StanChart agree to settle 2009 Hong Kong IPO misconduct case: regulator's counsel

StanChart and UBS banker Cen Tian were also scheduled to appeal against disciplinary action taken by the Securities and Futures Commission (SFC) over alleged misconduct during a 2009 IPO that the two banks sponsored, or led.

China to ‘strike a balance’ between good and bad shadow bankers to halt fall in growth

Shadow banking refers to financial activities conducted by unregulated lending institutions or off-balance-sheet activities by traditional financial institutions

Hong Kong Tightens Liquidity With $192 Million Peg Defense

While the size of the buying was small relative to some of the HKMA’s interventions last year, continued weakness in the currency may prompt the central bank to drain more liquidity.

Regulation can hinder not help Asia's social enterprises, analysts say

Such ventures can register if they generate half their revenues from the business, and reinvest 70 percent of profits.

State Firm Equity Moving Too Slowly Into Pension Fund: Ex-Finance Minister

Little progress has been made to date with only five SOEs completing the 10% asset transfer

China tightens rules on wealth management, boosting prospects for foreign banks

This comes as Japan's Nomura is awaiting a licence to launch a wealth business in China, while JPMorgan and Bank of Singapore, a unit of Asian lender Oversea-Chinese Banking Corp are among others considering entries, the people said.

Thailand’s new cybersecurity law lets authorities violate privacy

Government officials are permitted to seize computers, search networks, and access and copy any data they require.

China’s central bank lifts the veil of secrecy Central banks are

Central banks are becoming more transparent, including the People’s Bank of China, which also no longer desires to intervene so often in the foreign exchange markets

The Hong Kong Private Limited Company – Corporate And Tax Particulars

Thanks to its territorial tax system, "offshore profits" derived by locally incorporated companies are tax exempted.

Cybercrime Squad and AUSTRAC remind digital currency exchanges of reporting obligations

This is a joint media release between the NSW Police Force and AUSTRAC.

MAS Enhances Guidelines on Technology Risk, Business Continuity

MAS proposes to expand the TRM Guidelines to include guidance on effective cyber surveillance

Hong Kong: UBS and Citigroup Top Contributors in Fines

SFC has confirmed that it intends to prosecute 60 individuals and companies in 2019

IRD to get information from larger pool of jurisdictions to help crack down on tax evaders

“Inland Revenue will review the information and verify that correct tax is being paid on offshore investments.

DBS bets on 'poisoned chalice' of India banking to lift profits

DBS's push into large, developing markets such as India is necessary as the lender seeks to reduce its reliance on Singapore, a tiny island state with mature economy where it derived 62 per cent of revenue in 2018

Former NAB Chief of Staff charged with fraud

Strike Force Napthali began investigating allegations of corrupt commissions being paid for contracts with a financial institution in February last year.

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