06/19/2020
MAS says 14 of 21 digital bank applicants eligible for next stage of assessment
In the next stage of assessment, the 14 eligible applicants will have to present their proposals to MAS via virtual meetings.
Legal, Regulation & Compliance
06/19/2020
FIIG calls for taxation, regulatory overhaul
FIIG said as a result they are extremely different to other OECD countries and materially divergent from what is considered to be well documented best practice.
06/19/2020
SFC publicly criticises CICC Financial Trading Limited and China International Capital Corporation Limited for breaches of Takeovers Code
The disclosure obligations in the Takeovers Code are intentionally onerous to reflect the fact that a high degree of transparency is essential to the efficient functioning of the market in the critical period of an offer or possible offer for a company&am
06/19/2020
China's security laws send chill through Hong Kong finance sector
Economists and analysts fear prosecution or self-censorship in research reports
06/19/2020
Malaysian banking sector not out of the woods yet
For 2021E core net profits, it has pencilled in a 13% year-on-year (y-o-y) recovery, following a sharp 28.6% y-o-y contraction in 2020E.
06/19/2020
Sustainability Takes Centre STAGE in Hong Kong: HKEX Announces Plans for New Sustainable Finance Platform
Going forward, HKEX intends to continue to develop the platform in response to the dynamic and evolving sustainability landscape in Asia.
06/19/2020
China's Shandong Gold to buy Ghana-focused Cardinal Resources for $221 mln
The Chinese miner will also subscribe for 26 million new shares to be issued by Cardinal at a price of A$0.46 per share for a total A$12 million.
06/19/2020
Ogier advises Hammer Capital on fund launch for US$1.1 billion take-private of Bitauto
Ogier partner Kate Hodson from the firm's Hong Kong office led the Ogier team
06/18/2020
Westpac under pressure to settle with AUSTRAC
AUSTRAC’s decision to raise the stakes in response to the bank’s attempts to frame the allegations in public and private mirrored an identical development in its case against CBA.
06/18/2020
Chinese big names generate buzz in Hong Kong virtual banking
New players hope to tap GBA cross-border wealth management, payments
06/18/2020
China Pacific Insurance List GDRs in London
China Pacific Insurance received clearance to list in London from the CBIRC (China Banking and Insurance Regulatory Commission) in May and the CSRC (China Securities Regulatory Commission earlier this month.
06/18/2020
Franklin Templeton receives QDLP license
The firm received its licence four years after it established a WFOE in China.
06/17/2020
OCBC Issues Singapore’s First SORA-based Loan Facility
The interest rate of the SORA-based loan facility is determined at the end of the relevant interest period by compounding daily SORA rates in arrears, and adding an applicable margin.
06/17/2020
MUFG Bank Secures China Interbank Bond Market Licence
With an MUFG account, Japanese investors will be able to transact in Chinese government bonds and bank debentures in Japanese, Nikkei notes.
06/17/2020
HK regulatory action hopes to foster ESG finance
Hong Kong’s regulators have been driving the region’s green finance and ESG practices.
06/17/2020
Walkers (Hong Kong) Advises on Sands China's $1.5 Billion Bond Offering
The deal was led by Hong Kong partner Kristen Kwok, who was supported by Sonya Saxena.
06/17/2020
MAS Issues Directions on Safe Re-opening of Financial Sector
This directions are in line with an announcement from the MOH (Ministry of Health) that Singapore will be moving into Phase Two of its re-opening after 18 June 2020, 23:59 hours.
06/16/2020
Pictet Wealth downplays US comments on Hong Kong
The wealth manager also believes that China’s imposition of a national security law will not degrade Hong Kong’s role as a regional financial hub.
06/16/2020
Korea's plan to foster 'Goldman Sachs' back in limbo
Pandemic, regulations block brokerages from becoming IB powerhouses
06/16/2020
Asia’s UNHW Community: Choosing a Jurisdiction for Life and Wealth
UHNW family offices, if they are being relocated or established anew, can often bring with them hundreds of millions, or even several billions of dollars of assets under management and of course significant spending in the domestic economy.