Managers of Wealth Asia Pacific

AIOFP petitions to delay DDO, annual renewal

Executive director of the AIOFP Peter Johnston said this has ultimately resulted in unintended consequences in which advisers now have to pass compliance costs to their clients.

FinTech Australia releases regulatory map for incoming global fintech companies

The regulation map is available for free on FinTech Australia’s website, building on the number of resources FinTech Australia is providing to the broader fintech community.

New Zealand central bank opens consultation on future of money

He notes that two years ago the Bank's work was focused on the future of cash, but now it has broadened out to consider the future of money.

Goldman Sachs was poised to triumph in China. What happened?

Wall Street bank is close to taking control of its Chinese subsidiary but new challenges have emerged

Bank of China issues first ever biodiversity-themed green bonds out of Asia

The proceeds will be used to finance and/or refinance biodiversity-related eligible green projects, under eligible categories

Mishcon de Reya to launch association with Hong Kong law firm

The firm will be led by Jason Karas, a dispute resolution specialist

Joint research on multiple central bank digital currency shows potential for speeding up cross-border payments and reducing costs

The HKMA would continue to collaborate closely with the BISIH and peer central banks to broaden and deepen the research

Moving from Hong Kong to the UK

The applications for the visa opened on 31 January 2021 and is for British National (Overseas) (BNO) status holders and/or Hong Kong Special Administrative Region (HKSAR) passport holders.

Conyers Wins Finance Deal of the Year at ALB Hong Kong Law Awards 2021

The ALB Hong Kong Law Awards ceremony was held virtually on 10 September.

China - New high-octane rules for data security

The national standard has been formulated as a framework that identifies the characteristics of important data.

Open sesame

China has opened the gates to foreign fund managers, giving them unprecedented access to the world’s second-largest asset management market.

Hong Kong Stock Exchange proposes a new listing regime for SPACs

Against this backdrop, the Exchange is only going to allow the creation of legitimate forms of cash shells with very high entry thresholds.

Former Wodonga director charged with making false statement

The matter was mentioned on 13 September 2021 in the Wodonga Magistrates’ Court and has been adjourned until 23 November 2021.

Trojan group director disqualified from managing corporations for two years

Most of the companies were part of the Trojan group of companies that operated around Australia providing security services.

Report on competition in the Australian funds management industry

ASIC will take these findings into account in its ongoing work to support effective competition in the funds management industry and to improve investor outcomes.

China's market regulator proposes amendments to e-commerce law

The amendments are open for public review till 14 October.

Allen & Overy advises the Republic of Indonesia on Asia’s first sovereign SDG eurobond

The SDG bond and bonds to fund the tender offer were issued in takedowns from the Republic’s shelf registration statement with the SEC.

IMF Board Meet Over China Data Rigging Scandal

The board meeting follows an investigation, launched at the request of the World Bank’s ethics committee

ASIC publishes guidance on hawking reforms

‘Under the new laws, ASIC will be better able to tackle poor conduct by firms where consumers are pressured into products that are not right for them.’

ASIC warns of social media led ‘pump and dump’ campaigns

Market manipulation is illegal.

Legal, Regulation & Compliance