Managers of Wealth Asia Pacific

Government planning to relax FDI rules for pensions sector

Discussions are taking place between the finance ministry and the Department of Industrial Policy and Promotion

Banks brace for pain as royal commission begins

It’s shaping up as the policy highlight of the year.

Late tycoon Yu Pang-lin’s entire HK$10 billion estate can go to charity, High Court rules

Yu, who owned kung fu legend Bruce Lee’s former mansion, died three years ago and had earlier said he would donate his earthly possessions to help those in need

Chinese regulator grants second batch of FOFs licences

Overseas experiences show that FOFs are good products for pension investment because of its asset allocation feature

Singapore MAS in bid to regulate ‘large scale movement’ of advisers

Such recruitment practices increase the risk of FA representatives engaging in aggressive sales tactics

Hong Kong’s Central Bank looks likely to tighten liquidity

HKMA Chief Executive Norman Chan said on Thursday afternoon the city is capable of coping with fund outflows and will ensure the exchange rate doesn’t weaken beyond its band.

Australia PM’s son says Goldman sidelined him after 1MDB warnings

Alex Turnbull claims bank ‘B-tracked’ him after querying dealings with Malaysian fund

Hong Kong Suspends UBS From IPO Sponsoring

«UBS intends to appeal the decision,» the Swiss bank said in the legal disclosure section of its annual report, which means the suspension won't enter into force yet. The SFC wasn't immediately available for comment

Japanese Watchdog Bares Its Teeth

The financial regulator increased monitoring of virtual currency exchanges following the massive hack on Coincheck which resulted in the theft of $532 million worth of digital tokens.

New guernsey finance appointment in hong kong to support island's growth in asia

The promotional agency for the island’s finance industry opened an office in Hong Kong at the end of 2016, linking up with the regulator, the Guernsey Financial Services Commission.

Urgent rates decision likely to face next head of China's central bank

The U.S. Federal Reserve's rate decision will be made public on March 21

Devil in the detail in Singapore-Malaysia link

Cross-border exchange cooperation is back in focus in Asia – and at scale.

Can Regulations Temper the ICO Craze?

Regardless of the gravity of restrictions, these regulatory efforts, especially those made by major economies, appear to impact both the local and international crypto markets.

Prudential's Malaysia unit in stake sale talks with pension fund as regulatory deadline looms

Foreign insurers are required to cut their stakes in their local units to 30% to abide by a directive announced by Malaysia's central bank last year, under an initiative to lift domestic participation in the industry.

MAS Wants Clampdown on Mass Defections

The recent mass recruitment of representatives by FA firms from competitors was accompanied by sizeable sign-on incentives.

‘Wolf of Wall Street’ Producer to Pay $60 Million in Settlement

The complaint targeting the 2013 picture, directed by Martin Scorsese, is among more than two dozen forfeiture lawsuits filed by the U.S. against $1.7 billion assets that were allegedly acquired with money stolen from 1Malaysia Development Bhd.

The secret insider terms used in Chinese money laundering

Nearly two percent of China’s GDP may have been lost to capital flight in the first three quarters of 2017

Central Bank's New Directive Threatens To Bring Down India's Booming Digital Wallets Industry

Ironically, this regulation comes at a time when mobile wallets reported a 14% growth in January transactions at 113.6 million compared to 99 million in December 2017.

Australia to Expose Banking Secrets

A former judge investigating the industry rejected its application.

China vows to confront structural issues with tighter control

Corporate debt to be reined in to contain financial risk

Legal, Regulation & Compliance