08/21/2018
Australian commission spotlight less kind to retail super funds than to industry funds
The spotlight was less kind to bank-backed retail super funds.
Legal, Regulation & Compliance
08/21/2018
Bank of Thailand governor strikes hawkish tone as GDP gains 4.6%
Thailand can’t go against the global trends in interest-rate policy, he said.
08/21/2018
Alleged head of BitConnect cryptocurrency scam arrested in Dubai
BitConnect has been accused of operating an exit scam after duping investors out of millions of rupees.
08/21/2018
Korea Exchange says it checking Merrill Lynch trades after media reports, petition
Petitions on the website of the South Korean president’s office have called for investigations into Merrill Lynch’s KRX trades.
08/21/2018
Ogier a finalist for Asian Offshore Law Firm of the Year
This recognition for the work of our office here in Hong Kong is very welcome, and reflects a year of hard work by everyone in the team.
08/20/2018
A welcomed spike in employee benefit trusts in Hong Kong
The new rules allow companies with weighted voting rights to list on the HKSE’s main board, as well as biotech firms that have not yet turned a profit.
08/20/2018
China regulator asks financial institutions to support infrastructure investment
The move comes amid a period of uncertainty for China’s economy, in part because of an intensifying trade row with the United States.
08/20/2018
Dawood Ibrahim's finance manager Jabir Moti nabbed in London
He was arrested by the officials of the Charring Cross Police Station in London.
08/20/2018
[News in focus] Gov’t searches for a way to deregulate internet-only banks
The regulation dates back to 1982, when the government attempted to prevent banks from being exploited as the personal piggy banks of chaebol-owner families.
08/20/2018
HUB24 lifts targets
HUB24 has lifted its revenue targets for the next three years, as it its platform and advice licensee swelled their revenues in FY18.
08/20/2018
Gibraltar-headquartered Sovereign obtains new Hong Kong licences
Any person who carries on a trust or company service business in Hong Kong without a licence commits an offence.
08/19/2018
Chinese police nab suspects after S$120 million cryptocurrency theft
The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody.
08/19/2018
Pension fund regulator sets up panel for advice on cyber safety
The committee has been constituted by the Pension Fund and Regulatory Development Authority (PFRDA) to keep an eye on the technological changes.
08/19/2018
Mourant advises BeiGene, Ltd. on Hong Kong’s biggest biotech IPO
BeiGene, Ltd. is a biopharmaceutical company focused on developing and commercialising molecularly targeted and immuno-oncology drugs for the treatment of cancer.
08/17/2018
China central bank bars some offshore lending in latest move to support yuan
They prevent commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, the people said.
08/17/2018
Appleby Hong Kong shortlisted for five awards
Appleby have been recognised for their contribution in two high-profile deals this year, the disposal of ele.me to Alibaba in May and on the Carlyle Group’s investment in Ant International in June.
08/17/2018
Time for NAB to review dividend policy: MS
"NAB intends to maintain the 198c dividend in FY18E," Morgan Stanley told clients on Thursday morning.
08/17/2018
AMP to compensate super investors after fresh humiliation at royal commission
Wealth management firm admitted fees were so high that a $100,000 cash super investment made a loss, inquiry told
08/17/2018
Cayman funds shrink in Hong Kong
Funds domiciled in Ireland, UK and Bermuda also saw a decline in number and assets in Hong Kong.
08/17/2018
Australian Government releases draft decryption legislation
The legislation is subject to public consultation until 10 September 2018.