Managers of Wealth Asia Pacific

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.

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.

Legal, Regulation & Compliance