Managers of Wealth Asia Pacific

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.

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.

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.

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

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.

Chinese big names generate buzz in Hong Kong virtual banking

New players hope to tap GBA cross-border wealth management, payments

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.

Franklin Templeton receives QDLP license

The firm received its licence four years after it established a WFOE in China.

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.

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.

HK regulatory action hopes to foster ESG finance

Hong Kong’s regulators have been driving the region’s green finance and ESG practices.

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.

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.

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.

Korea's plan to foster 'Goldman Sachs' back in limbo

Pandemic, regulations block brokerages from becoming IB powerhouses

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.

HKMA Spotlights RegTech Use to Implement AML/CFT Measures

Further, technologies such as optical character recognition (OCR) are also applied in pre-filling the application form to simplify the form-filling process.

AustralianSuper denies turnover issue, delays office

Speaking about how COVID-19 impacted AustralianSuper's plans for international expansion, Delaney said the opening of its New York office was slightly delayed.

Indonesia's new mandatory public housing savings plan draws praise, brickbats

Members can withdraw all or part of their savings to purchase a home, otherwise their full savings can only be taken out when they turn 58 years of age.

AmEx wins clearing licence for China’s $27tn market

The approval marks a win for the card giant amid rising political tension between the US and China sparked by the coronavirus outbreak and a crackdown on Hong Kong.

Legal, Regulation & Compliance