Managers of Wealth Asia Pacific

Banks Mull Evergrande U-Turn After HKMA Questions

An HKMA spokesperson said that the banking regulator would communicate with banks on different topics regularly but did not comment on specifics as a matter of policy.

Crypto Mogul Calls Possible Full Ban for Bitcoin in China

Despite headlines about the ongoing crypto crackdown, it is still legal today to own bitcoin in China and trade it amongst friends and strangers but not through platforms or businesses.

Asia: Understanding Subsidiary Governance

To support development in Asia specifically, we have provided three essential things to consider when planning for regulatory compliance.

Tencent shares slide after Beijing crackdown on music rights

The company and its affiliated businesses have been told that they can no longer engage in exclusive deals over music rights and must dissolve any existing agreements within 30 days.

PwC renews its salary structure, bonus payout and other benefits

“We’ve launched our new strategy in response to staff feedback,”

BT Funds Management and Asgard Capital Management ordered to pay a $3m penalty for charging fees for no service and making misleading statements

The Court found that between September 2014 and August 2017, a total of 404 customers were harmed by BT’s and Asgard’s conduct.

ASIC cancels AFS licence of Fentborough Pty Ltd

The cancellation of Fentborough’s AFS licence is part of ASIC’s ongoing efforts to improve standards across the financial services industry.

BOJ Sets Out Strategy to Address Climate Change

The BOJ itself will also make disclosures with consideration for the TCFD recommendations and enhance its communication with the public on climate-related conduct in general.

Exceptional 2022 Banker Pay or Expect Exits

There hasn’t been that middle layer of associates, analysts and VPs coming through

Chinese Regulators Could Hit Didi Harder Than Alibaba

Issues expressed by regulators include concerns about data security practices such as disclosure of statistics on taxi trips taken by government officials.

ASIC publishes Cost Recovery Implementation Statement 2020-21 for feedback

Feedback on the draft CRIS can be submitted until 13 August 2021.

Asia's Financial Hubs Battle for Alternatives Authority

With over 10,000 managers in China, the expectation is many will want to set up in Hong Kong and broaden their fund portfolios

Opening Keynote Speech at Fraud and Financial Crime Asia 2021 Conference

Carmen Chu, Executive Director (Enforcement and AML), Hong Kong Monetary Authority

From Strategy to Action — Advancing ESG in Asia Pacific

As businesses integrate ESG action into business renewal, there is an imperative to mitigate risks and pre-empt regulatory and compliance complexities

ASIC consults on draft guidance for the hawking reforms

These reforms flow from two recommendations of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry.

ASIC bans Gold Coast adviser and cancels AFS licence of Trade Wind Financial Services

ASIC also found that Mr Bevan is not a fit and proper person, having regard to his connection to a refusal or failure to give effect to a determination by AFCA.

Hong Kong Stock Exchange to implement new FINI platform to modernise IPO settlement process with a T+2 settlement timetable

Platform users will need to be on-boarded and will need to agree to FINI terms and conditions.

Legal, Regulation & Compliance