09/02/2020
Hin Leong Founder and Children Hit With Lawsuit
A recent report by authored by PwC’s Chan Kheng Tek and Goh Thien Phong said that existing assets at Hin Leong – totaling just $257 million
Legal, Regulation & Compliance
09/02/2020
Pinsent Masons advises EmpatKali founders in deal that signals Asia expansion for Afterpay
As Afterpay indicated in its FY20 results announcement, the acquisition is a first step in exploring further opportunities in select Asian markets.
09/02/2020
BNY Mellon Grows Taiwan Footprint
Our focus continues to be on growing our institutional business in Taiwan
09/02/2020
SFC bans TS’O Jing for life
The case was referred to the SFC by the HKMA.
09/02/2020
SFC bans Masy Lo Mee Chi for eight months
The case was referred to the SFC by the Hong Kong Monetary Authority.
09/02/2020
Jokowi pledges central bank to remain independent
Jokowi told a briefing with foreign correspondents that the central bank would remain independent, when asked about the recommendations, adding he had no plans to issue an emergency decree to change BI’s role.
09/02/2020
Convicted billionaire Ng Lap Seng sued over $1.9 million legal bill
The Law Firm of Hugh H. Mo on Monday sued Ng in U.S. District Court in Manhattan, alleging that Ng “simply failed and refused to pay” $1.9 million in fees, plus interest and other legal costs.
09/01/2020
Departing HK residents withdraw $167mln in pension funds in Q1, up 32% y/y
The number of claims was at 7,600 in the first quarter, up 11.8% from 6,800 in a year ago period
09/01/2020
Hong Kong Accounted for 54% of the Total APAC Data Center Investment Volume in 2020YTD
Hong Kong is an ideal data center location. According to the latest research by Cushman & Wakefield, the city ranked the fourth most attractive data center location in APAC, trailing Singapore, Sydney and Tokyo.
09/01/2020
Deloitte report reveals that Private Banks need to overhaul their AML processes
The survey also reports that many banks face challenges in meeting heightened regulatory expectations pertaining to AML and enforcing AML processes.
09/01/2020
Managers say Abe resignation won’t derail Japan’s policy efforts
Mr. Abe will remain influential within Japanese politics and the Liberal Democratic Party, which is "important from a continuity perspective.
09/01/2020
PBOC to Promote Interbank Repo Rates in Financial Products
The PBOC intends to promote the use of interbank repo rates in financial products including floating-rate bonds and floating-rate interbank certificates of deposit.
09/01/2020
Hong Kong, China regulators approve four ETFs for cross listing
The China funds will invest in the Hong Kong ETFs through the Qualified Domestic Institutional Investor programme, which allows Chinese investors to invest outside of the country.
09/01/2020
17th SSQ ALB China Law Awards 2020
The ALB China Law Awards recognise the excellence and outstanding achievements of China’s leading law firms and in-house legal teams, as well as the top deals and dealmakers of the past year.
08/30/2020
Singapore watchdog says falsehoods around financial sector hiring ‘unfair’
“Singaporeans are generally doing well in the financial sector, but MAS would like to see more of them move into the senior ranks,” the central bank said in the statement.
08/28/2020
ASIC grants frozen fund relief
ASIC is granting new relief measures to help investors facing financial hardship get access to money stuck in frozen funds.
08/28/2020
FSC Korea Extends Easier LCR Requirement Six More Months
The move is aimed at easing potential funding stress that could arise if volatility returns, and ensuring financial institutions can continue to provide funding to companies amid the Covid-19 pandemic.
08/28/2020
Bankers, lawyers on board for IOOF’s tilt at MLC Wealth
Investment bank Citi and law firm Allen & Overy are helping IOOF with its bid for National Australia Bank’s MLC Wealth.
08/28/2020
Hong Kong media executive says HSBC accounts frozen after arrest
Pompeo was retweeted by Jimmy Lai, the owner of Apple Daily and a fierce critic of Beijing, who was arrested alongside Cheung.
08/28/2020
Taiwan CSD Launches Consolidated Access to ESG Ratings
The Dashboard will be delivered on the TDCC Investor Relations Platform, an ESG initiative aimed at encouraging sustainable investing and enhancing companies’ performance on ESG issues.