Managers of Wealth Asia Pacific

China cracks down on tech credit scoring

Tencent and Alibaba pilot schemes curbed by central bank amid privacy fears

Mourant Ozannes receives China Business Law Journal 'Deal of the Year' recognition

Mourant Ozannes provided BVI law advice in connection with a bank and lease financing of The Antikeros, The Shonoussa, The Polyaigos and The Strofades vessels.

Bankers' Assn backs down over protection for fraud victims

Bank customers who fall prey to internet fraud will be protected by a specific clause in a new banking code, after the Bankers' Association backtracked on removing it.

Standard Bank, UnionPay International partner for Chinese to transact in Africa

Standard Bank is also the first African bank to receive the license to issue UnionPay cards in South Africa.

Carey Olsen advises on A$1.2bn restructure

The transaction is notable because it was the first time a creditors' scheme of arrangement had been used in the Australian market as an interim stabilising step in a broader restructuring process.

China fines 19 banking institutions over loan fraud

A total of 104 employees in the banking industry were also punished, while 35 criminals involved in the case have been arrested, according to the CBRC.

China puzzle unravelling for iFAST

Financial culture and regulatory issues are not deterring investment platform expansion plans.

FinTech Australia Tells Aussie Government it is Time to Act on Legislation to Empower Private Company Equity Crowdfunding

Australia enacted new crowdfunding regulation (Crowd-sourced funding) in 2017 but left a gaping shortcoming in the new rules.

‘Accidental Americans’ putting Asia’s wealth transfer at risk

Accidental Americans face ruin if their estates are not properly structured, a lawyer has warned.

CPAM signs strategic alliance deal with Sun Life Malaysia

Sun Life Malaysia is a 49:51 joint venture between Canada’s Sun Life Financial Inc and Avicennia Capital, a wholly-owned unit of Malaysian sovereign wealth fund Khazanah Nasional.

Breakthrough in Removing Iran-China Banking Hurdles

The closures were attributed to new pressures from Washington and also more stringent ant-money laundering measures adopted by Chinese lenders in line with the Financial Action Task Force requirements.

Moven to receive funding from SoftBank, plans to buy bank

On one side will be the software provider that already develops digital banking software for TD Bank in Canada and Westpac in New Zealand.

Lawyers investigate whether ASIC website glitch assisted insider trading

The Australian Securities and Investment Commission has hired lawyers to check whether a glitch on its website assisted insider trading.

HK and Australia Fintech Buddy-up

Danielle Szetho was appointed to lead fintech Australia in June 2016 with a remit to expand the reach of the association and its members.

Jefferies inks strategic alliance with BOC International

As part of Jefferies ongoing effort to meet the ever-changing needs of our global institutional clients, we are very pleased to begin working with BOCI

SSC warns against investing in cryptocurrencies

The commission also requested public companies operating in fintech to comply with the established law on initial offering and fund raising.

Chasing the black money chimera from Panama to paradise?

Individuals and companies are prohibited from investing in countries identified as non-cooperative by the Financial Action Task Force, an inter-governmental body.

Singapore Savings Bonds oversubscribed for the first time

More than 6,300 investors applied for about S$172 million worth of SSB in January.

New rules a boon for Indian real estate market

REITs are expected to be a boon for the real estate sector in India, which is suffering from a liquidity crunch and poor sales.

Security Bank, MUFG to help promote Philippines

The MOU aims to generate investments in the industries listed in the Philippines’ 2017-2019 Investment Priorities Plan.

Legal, Regulation & Compliance