Managers of Wealth Asia Pacific

Walkers Hedge Funds Trends - Part 1

All data, unless referenced, is taken from Walkers' in-house investment funds survey.

UAE, China Central Banks Meet To Enhance Renminbi Clearing

The Central Bank of the UAE, CBUAE, today hosted a workshop with the Central Bank of China and the Agricultural Bank of China on 'Improving the Renminbi Clearing in the UAE'.

Vietnam arrests ship firm execs for 'embezzling $4.5m'

They were being investigated for "abusing position and power to appropriate assets", it added.

PBOC Consults Internally on Draft Rules for Financial Conglomerates – Report

Chinese policymakers believe financial holding companies could pose systemic risk due to their opaque crossholding structures through which they can control multiple financial institutions and conduct business across different sectors.

SFM HK Management fined for short selling failures

This led to the system indicating 2.4 million Great Wall Motor shares available for trading, when in reality only 808,000 shares were available for trading.

Meng arrest a huge provocation to China

As with Europe’s great powers back then, the United States, led by an administration intent on asserting America’s dominance over China, is pushing the world toward disaster.

Australia's IOOF Holdings execs step down amid probe

APRA alleges IOOF used pension customers' funds to compensate them for losses caused by the company.

Investors managing $32 trillion in assets call for action on climate change

"The global shift to clean energy is underway, but much more needs to be done by governments to accelerate the low carbon transition and to improve the resilience of our economy, society and the financial system to climate risks," the statement

Two British Banks Ensnared in Huawei Dispute

HSBC, Standard Chartered said to be among institutions potentially misled by the Chinese company

Aleema to face money laundering case if evidence found: adviser

The prime minister's sister was slapped with a double penalty (taxes and fine) because she did not disclose the said property worth around Rs74 million.

HKMA to Grant Virtual Banking Licences in Q1 2019

Of the remaining applicants, the HKMA will shortlist about one-third of them for the next stage of assessment.

BNP Paribas says it receives corporate Panda bond underwriting licence

This senior underwriting licence will help us to attract more foreign issuer participation in China’s bond market.

Ginza’s ‘property king’ handed 4-year term for tax evasion

Known as the “Ginza Property King,” Kawamoto, 86, was arrested for violating the Corporation Tax Law by Tokyo District Public Prosecutor’s Office in 2013.

Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct

The numbers suggest that less than 2% of reported money laundering cases involved cryptocurrency.

UK judge to rule on extradition of Vijay Mallya, the Indian tycoon nicknamed ‘King of Good Times’

The Indian authorities have been seeking Mallya’s extradition after financial investigators accused him of siphoning off millions from the loans to buy properties overseas.

China fines banks over wealth management violations

The central bank has tightened regulations on the asset management businesses

Noble facing insolvency after new share listing is blocked

Singapore authorities deal blow to commodity trader’s restructuring plan

Japanese government seeks to ax innovation fund head

Tanaka is known for his global experience and his wealth of contacts at home and abroad.

BOJ's Kuroda dismisses chance of near-term rate hike

“Raising interest rates now to create policy space for future economic downturns may risk delaying achievement of our inflation target,” he said.

Japanese Police Receive 6000 Reports Regarding Potential Fraud in Crypto

While the increase is significant it still pales in comparison to the overall number of reported incidents across the broader financial industry in Japan.

Legal, Regulation & Compliance