Managers of Wealth Asia Pacific

Progress in the handling of banking complaints by HKMA

As at end-May, the handling of 538 cases was in progress.

Rest climate change trial delayed

The case will question what trustee duties apply when it comes to climate change.

ICMA Releases Guidance for Issuers of Sustainability-Linked Bonds

The proceeds of SLBs are intended to be used for general purposes, hence the use of proceeds is not a determinant in its categorisation.

Report: HK fund managers expect AUM growth

Despite severe challenges, Hong Kong’s fund management industry has a positive outlook over the next five years, according to a report by the Hong Kong Investment Funds Association and KPMG.

Goldman Sachs sees $1,800 gold prices with potential for $2,000

The metal eventually turned sideways when so-called risk assets bounced, but with gold holding up due to U.S. dollar weakness and low long-term real interest rates, Goldman said in a report Tuesday.

China security law has Hong Kongers eyeing offshore accounts

Banks see jump in inquiries as savers wonder whether their nest eggs are safe

Aussie Accounting Bodies Falsely Cited as Security Law Supporters

Political commentary is not something we do, not even in Australia where we are strictly apolitical

MAS’ Menon Warns of Looming Debt Risks, Ratings Downgrades

The centrepiece of Singapore’s response has been fiscal policy, he said, pointing to the four support packages implemented by the government to support businesses and households.

Thailand regulator, bourse to link database of investment professionals to digital platform

"This is to ensure that such capital market personnel can provide appropriate advice and useful information to investors," he says in the statement.

Hong Kongers withdraw $185 mln in pension funds in Q4, up 46% yr-on-yr

In 2014, Hong Kong was rocked by 79 days of protests that paralysed parts of the city as activists stepped up calls for greater democracy.

Asian Central Banks Exhale as Volatile Capital Flows Steady

“This means that central banks in the region can afford to ‘wait and watch’ to better assess the impact easing so far.”

Hong Kong regulator seeks feedback on REIT rule changes

The regulator is also proposing to increase REITs’ aggregate borrowing limit from the current 45% of total GAV to 50%.

Sam Henderson in court over phantom degree

The phantom qualification also appeared on Henderson Maxwell brochures from 2013 to 2016 and in an information memorandum dated May 2011.

Governance Considerations for Family Offices

Finally, a centralized governance structure can provide confidentiality for high-net-worth families since family-office services report directly to family-controlled boards.

Hong Kong regulator fines Potomac Capital for breaching rules

Excluding the aged fee receivables from liquid capital calculation under the FRR would have resulted in monthly liquid capital deficits varying from $335,000 to $449,000 for Potomac from February to May 2017 (Note 2).

SFC proposes changes to the Code on Real Estate Investment Trusts

The proposals also emphasise the continued importance of ensuring that REITs operate primarily as recurrent rental income generating vehicles.

Aviva lambasts UK banks' stance over Hong Kong

And Aviva has become the first major backer of the banks to put on record their objections to the decisions.

BOK to Form Dedicated Digital Innovation Division

The new division, headed up by a ‘chief digital strategy officer’, will be tasked with studying (among other things) the use of artificial intelligence and big data to provide more precise economic data and forecasts.

Radical Steps Needed from Vietnam Banking Sector

The Basel Accords are a series of international banking regulations that were created by the Bank for International Settlements (BIS) to enhance bank capital and reduce market and operational risk within the global banking system.

China Watchdog Reassures Hong Kong’s Financial Hub Status

Hong Kong’s role as a global financial hub will be further consolidated, the CBIRC spokesperson added.

Legal, Regulation & Compliance