Managers of Wealth Asia Pacific

Overseas home buyers to be targeted in Kiwi tougher tax rules

New Zealand lawmakers have begun considering new regulations aimed at closely monitoring overseas property buyers, the government announced Tuesday.

2ndary lenders to lower rates Regulator expects burden on poor to be eased; spending to be boosted

The government will lower "murderous" lending rates charged by private lenders and expand low-rate loans to lessen the burden on low-income borrowers, the Financial Services Commission (FSC) said Tuesday.

Offshore law firm launches new brand identity

The new identity will be applied across the eight jurisdictions in which Ogier operates: BVI, Cayman Islands, Guernsey, Hong Kong, Jersey, Luxembourg, Shanghai and Tokyo.

ASIC updates guidance on collective action by investors

ASIC today released updated regulatory guidance for investors to help them in taking collective action to improve the corporate governance of listed entities.

Compliance window for black money in July

From early next month, those with undisclosed income and assets abroad are likely to get a window to declare these without facing prosecution.

Indonesia regulator may ease foreign ownership rules for Islamic banks

Indonesia's financial regulator said it may ease foreign ownership restrictions for Islamic banks - a move that could attract Middle Eastern lenders such as Bahrain's Al Baraka Banking Group.

UOB Asset Management gets RQFII licence and 1.2b yuan RQFII quota

With the ability to provide onshore yuan solutions to its institutional and retail clients, UOBAM will launch three China onshore RQFII funds in the region in the coming months.

Rules clear for banks on money laundering and due diligence

PEPs are defined in the international standards set by the Financial Action Task Force, on which most jurisdictions base their anti-money laundering combating the financing of terrorism frameworks.

Local govt debt issuance threatens China central bank's easing efforts

Heavily indebted local govts have issued more than 600 billion yuan of municipal bonds in the past month

Crackdown on multinational tax avoidance likely to be thwarted, says expert

The G20's efforts to crack down on multinational tax avoidance are likely to be defeated by national self-interest, particularly from the United States, one of Australasia's top tax advisers says.

China close to its goal of full yuan convertibility on its capital account

Pan Gongsheng,deputy head of the central bank, says move to offer more flexibility for Chinese investment abroad is 'not far away'

LBMA Gold Price Bank of China to join as new participant

The LBMA today is pleased to announce that the Bank of China has been approved by ICE Benchmark Administration to participate in the LBMA Gold Price auction process

Jindal fallout: Singapore will not offer bank info to India

The information on the Jindals was shared by the STRO — the equivalent of the Indian Financial Intelligence Unit — without any reference from India.

Switzerland faces competition from Asian booking centers

Dubai emerges a fast growing asset booking centre

Italian prosecutors seek to indict Bank of China, 297 people

The suspects, mostly Chinese migrants living in Italy

Former NZ head loses JPMorgan job appeal

That follows a Court of Appeal decision yesterday which ruled, in essence, that the Employment Court was not the appropriate forum for the dispute.

Appleby Advises on Four Recent HKEX Listings

The new additions to HKEx come from a variety of industries.

Milford Asset Management to make $1.5 million payment

The Financial Markets Authority has completed its investigation into certain trading activity between December 2013 and August 2014 by a trader employed by Milford Asset Management Limited.

RBA warns of risks from asset manager 'fire sales'

The Reserve Bank of Australia is concerned the rapid growth of the global asset management industry could pose systemic risks to the economy

Milford Asset Management agrees settlement with FMA

Milford Asset Management has confirmed its settlement agreement with the Financial Markets Authority

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