Managers of Wealth Asia Pacific

Australia's proposed relaxation to lending rules may not spur credit growth

The government said it is seeking to remove a one-size-fits-all approach. "Responsible lending has become restrictive lending," Treasurer Josh Frydenberg said.

Malaysia securities regulator launches framework to promote Islamic funds

The framework will integrate commercial with social objectives and enable investments for the greater good of society.

Southeast Asian Currencies Face Central Bank Hurdles This Week

Thai, Indonesia, Philippine central bank meetings are due

Asian central banks focus on managing systemic risk

Likewise, regulators also discussed the need to ensure adequate liquidity, anticipation of recoveries in 2021, and the timing of exit from expansionary policies.

AMP Capital shutters Aussie equities fund

AMP Capital has decided to close its 19-year old sustainable share fund, after its portfolio managers Genevieve Murray and Emily Woodland announced their resignations in August.

ASX market outage lasts all day

The ASX equity market paused trading this morning, and will not open until tomorrow morning.

OECD, UNDP Launch Plan to Align Global Finance with SDG Goals

According to new research from Standard Chartered, SDGs are not getting the investment needed to meet the targets by 2030.

Pimco obtains QDLP qualification

At least six foreign managers are expected to launch QDLP products in China this year.

Thai central bank agrees on cap for commercial banks' 2020 dividends payments

The measure was in line with guidelines from overseas regulators and would benefit financial institutions in the long run

ASIC Amends Proposed Intervention Order for Continuing Credit Contracts

The changes are to address potential unintended consequences of capturing certain sub-classes of continuing credit contracts that were not being issued to retail clients in the way described in CP 330.

Korea FSS Estimates Optimus Fund Losses Could Reach $300m

The FSS suspects these funds were either embezzled or used to pay back existing investors.

APRA Updates Draft Prudential Standard on Remuneration

The draft standard has moved to a more principles-based approach that is designed to be risk-based and proportionate, with more comprehensive requirements for larger, more complex regulated entities, i.e. Significant Financial Institutions (SFIs).

Labuan IBFC registers seven new captives in first half of 2020

Labuan IBFC is a “whitelisted” jurisdiction by the European Union and deemed largely compliant by the Organisation for Economic Co-operation and Development.

Malaysia securities regulator seeks feedback on plans to bolster unit trust industry

Current guidelines restrict lending only to eligible securities.

China's Xi Behind Ant's Failed IPO

In recent days, Beijing has also moved to strengthen antitrust laws and rein in the monopolistic behavior of the country’s top internet firms, amid a booming internet economy, accusing major players of unfair competitive practices.

ABS Releases Enhanced Listings Due Diligence Guidelines

A key update is to increase focus on the assessment of the adequacy and effectiveness of the issuer’s internal controls to meet its business needs and challenges as a listed company.

HKEX Chief Outlines Ongoing Market Development Initiatives

The third initiative Li highlighted relates to a broadening of the investment scope of the Stock Connect programme to include secondary-listed Hong Kong stocks and pre-revenue biotech issuers that meet certain conditions

Founder of China property site with no profits worth $20 billion

So far it has worked out. KE sales surged 80% to 46 billion yuan last year from 2017, and it has become China’s largest platform for housing transactions and services — no small feat for a market whose real estate brokerage services are a $1.6

Securities Commission Malaysia Introduces New Framework To Facilitate Offering Of Islamic Funds With Waqf Features

The framework is applicable to existing and newly launched unit trust and wholesale funds.

Standard Chartered Signs Deal With AWS

Standard Chartered Bank is collaborating with AWS to drive its digital transformation and deliver new personalised banking services in the bank’s 60 markets worldwide.

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