Managers of Wealth Asia Pacific

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.

FPA accuses ASIC of price gouging

ASIC estimated the industry funding levy for 2019-20 will be $1571 per adviser, a 38% increase on the previous year.

SFC publicly censures Fu Kwan for breach of the Takeovers Code

Upon the close of the offer on 22 August 2018, the offeror and its concert parties held 67.85% of Macrolink Capital’s shares.

Manulife Hong Kong among the first wave of insurers approved to launch 'Virtual Face-to-Face' agency sales platform

The new insurtech solution is approved by the Insurance Authority through its Insurtech Sandbox, which provides a testing ground for authorized insurers' innovative new technology applications to be applied in business operations.

Australian banks warned of 'serious brand damage' in Hong Kong

Liberal senator James Paterson, who has been highly critical of the Chinese Communist Party, said Australian companies should be very wary about succumbing to pressure to back Beijing's push into the global financial hub.

Australian sentenced to death in China for drug trafficking honest to a fault, friends say

Official details are scarce, but state media said he was detained on New Year's Eve 2013 at Guangzhou's Baiyun International Airport while trying to leave the country and he was found to have 7.5 kilograms of ice.

Australia: Significant changes to foreign investment laws proposed

Exposure draft legislation is expected to be released for consultation in July 2020

Westpac Investigated Over Further Potential Child Abuse Links

The financial crimes agency has now informed Westpac it is investigating these matters and may amend its statement of claim to include allegations arising from the investigations, the bank said in the statement.

Legal, Regulation & Compliance