Managers of Wealth Asia Pacific

China grants more QFII quotas

To gradually open the capital account, the government introduced the QFII and RQFII programs in 2003 and 2011, respectively.

Vietnam jails former central bank deputy governor for three years

Vietnam's conservative leadership has targeted the corruption-plagued banking sector with impunity as its sweeping anti-graft campaign picks up steam.

Hong Kong, Abu Dhabi financial regulators ink fintech pact

The deal was signed in Hong Kong by Nelson Chow, HKMA’s chief fintech officer and Richard Teng, chief executive officer of FSRA.

Interpol warrant for Indian diamond merchant to the stars

A red corner notice seeks the arrest or provisional arrest of wanted persons with a view to extradition.

Swiss gov’t seizes luxury cars of alleged 1MDB key player

The report stated that it was not clear as to what extent the cars were paid for with 1MDB funds

U.S. fund claims $175 million from South Korea over Samsung units' 2015 merger

Mason Capital filed a notice of intent seeking a resolution through the Investor-State Dispute Settlement mechanism

Failure of risk governance in the Indian banking system

After the global financial crisis of 2007-08, risk became a major issue for regulators worldwide.

Asia's dealmakers bank on Japan to extend record first-half M&A spree

Asia's pick-up in M&A activity mirrors an upturn worldwide, with global dealmaking totalling $2.5 trillion, up 59 percent year-on-year and a record for this point in the year.

Cash infusion for Central Asia-Caucusus region

It urged financial sector and structural reforms to improve the lending and infrastructure foundation for “full benefits” under the BRI and other cross-border projects.

Indian Deposits in Swiss Banks Increase, But it’s Just the Tip of the Iceberg

Despite making tall promises, Modi govt.’s policies have failed to unearth both offshore and domestic black money.

Record number of firms registered with SFC in Hong Kong

The boom in Hong Kong’s finance industry comes at a time when $16.6 billion of shares changed hands everyday on average in the first five months of the year.

Australia funds seen to target Asia’s rich after new legislation passed

According to Ms. O’Dwyer, the legislation will allow Australian managed funds to become passport funds and sell their products to the other participating countries.

Winsome Diamonds bank fraud case: CBI files chargesheet against Mehta, former CMDs of Canara Bank

The CBI also sought a Red Corner Notice against the absconding jeweller

Asia Region Funds Passport bill good news for industry

APIR is the industry accepted standard identification regime in Australia for collective investment schemes

Baker McKenzie still Asia Pacific’s strongest law brand

Asia Pacific firms accounted for approximately half of the firms mentioned and half of all brand equity in the market.

Proposed Changes to Overseas Investment Act Amendment Bill

Proposed Changes to the Overseas Investment Act Amendment Bill – Clarity or Confusion?

Hong Kong Seeks to Widen DLT Use in Trade Finance

The HKMA said under the cooperation agreement, it will collaborate with the FSRA to develop innovative financial technology projects, with a specific interest focusing on DLT utilization in international trade finance.

HKMA signs fintech pact with Abu Dhabi - Hong Kong

The co-operation between the HKMA and the FSRA would strengthen the two authorities in their respective roles and initiatives in fintech.

ASIC imposes licence conditions on Aurora Funds Management

At ASIC’s intervention, Aurora repaid the $1 million to the AUP and compensated it for lost earnings on those funds prior to any recovery.

KPMG says audits for scandal-hit Malaysian 1MDB fund not ‘true and fair’ assessment

Mahathir has vowed to bring back billions of dollars allegedly stolen from the fund and to punish the culprits.

Legal, Regulation & Compliance