Managers of Wealth Asia Pacific

AIG to sell Indian AMC business to Canadian fund

AIG is shutting its operations as the NY based fund has no short-to-medium-term plans for India.

HK Stays Top Offshore Yuan Hub

The local yuan pool consists of 827 billion yuan of deposits and 182 billion yuan worth of certificates of deposit issued in the mainland currency.

Singapore’s Javelin acquires fund manager, gains Cap Markets licence

The BHAM team will be joining Javelin as part of the transaction, and Justin Kendrick, the principal and founder of BHAM, will join Javelin as its new chief investment officer.

Pimco Sees Dim Sum Refinancing Boom on Cash Crunch: China Credit

The 3.95 percent average yield on Dim Sum bonds compares to a record 6.29 percent onshore and the 4.76 percent for dollar securities in Asia, according to Bank of America Merrill Lynch indexes that track yuan data since 2004.

Bitcoin platforms find ways to move forward after China bank ban

The third-party payment channel is fully cut, impossible to resume, but our transaction platform has to move on, said an unnamed chief executive of a bitcoin trading platform.

Manulife Completes the Acquisition of MAAKL Mutual Bhd

Group Chief Executive Officer of Manulife Holdings Berhad, Mark O' Dell, commented: "We are very pleased to have completed the acquisition of MAAKL. This greatly enhances Manulife's business and presence here in Malaysia, complementing our

JP Morgan, Lazard to assess Qld infrastructure assets

The Newman government has set a goal of paying off $30 billion of Queensland’s debt in order to save taxpayers as much as $4 billion a year in interest payments.

Croesus Retail Trust : Acquisition of Interest in Persimmon

On completion of the acquisition, Croesus TMK Hold Co and Persimmon ISH will hold a 25% and 75% interest in the Persimmon TMK respectively.

Gold traders opt for jewellery imports to tackle curbs on bullion

Also, imported jewellery comes with 92 per cent purity or even in 18 carats. It is easy for jewellers to import, melt and then make into jewellery according to the taste of Indian buyers.

Chinese Funds Look to Hedge Their Bets

Chinese funds focused on the nation’s domestic stocks are increasingly looking to hedge their bets.

Chinese-funded banks eager to go global

Yuan-denominated bonds in Taiwan, also called baodao bonds, issued for the first time by the 4 Chinese mainland-funded banks - Bank of Communications Hong Kong Branch.

Chairman Mao's old home to reopen inside luxury mall

The Shanghai home where Mao Tse-tung first read Marx has become the centerpiece of a luxury shopping centre that calls itself a cradle of "cosmopolitan chic"

Nonghyup Financial Succeeds in Acquiring Woori Group Firms

Nonghyup and Kiwoom will perform due diligence for about two weeks from the 26th and sign a formal sales and purchase agreement until the end of January.

China’s economy may be slowing, but you wouldn’t know it from the average car buyer

Passenger car sales in China look set to expand 15% this year—twice the pace of 2012.

HDFC buys Morgan Stanley's India business in major MF deal

The agreement is subject to regulatory approvals as required

Singapore’s OCBC to Expand in Indonesia

Bank OCBC NISP currently employs more than 6,000 employees who are highly motivated to serve customers in 380 offices throughout 76 cities in Indonesia.

China Development Bank To Issue Bonds on Shanghai Exchange

The move came after China's banking and securities regulators last month gave the green light to lenders to issue exchange-traded bonds

ARA Buys Macquarie Korea REIT Unit

ARA is seeking to double assets under management over five years, focusing on retail and office properties, after attracting U.S. pension investors.

New Exchange Service Bitcoin.co.id Launches in Indonesia

Bitcoin.co.id joins other Indonesian bitcoin services such as artaBit and tuker.in.

Global fund firms plot mainland China push

Big fund houses are working on distribution channels in the lead-up to an agreement allowing cross-border sale of investment products

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