06/05/2020
HK court convicts and fines for unlicensed activities
Unlicensed dealing in futures contracts and asset management resulted in a court conviction.
Legal, Regulation & Compliance
06/04/2020
HSBC says it supports China's security law for Hong Kong
A Hong Kong-based spokeswoman for the bank declined to comment beyond the contents of the post.
06/04/2020
Hong Kong Market Assessment as Geopolitical Risk Intensifies
Hong Kong’s Hang Seng Index underperformed and bucked the global risk-on trend spurred by expectation of economies re-opening.
06/04/2020
Dealer groups slam FPA policy
The dealer group leaders said the AFSL system has a crucial role to play in the oversight of financial advice, which cannot be limited to product.
06/03/2020
MAS Registered RF Fund Management Secured Inaugural VCC Incorporation Strategic Milestone
Leading by example, RF Fund Management's parent company, RF International Holdings, has supported Singapore's digital startup ecosystem, beyond just money and capital.
06/03/2020
Cognizant to pay $5.7 million in class-action suit
The latest settlement agreement by the US court requires Cognizant to pay about half of what was estimated as damages by the plaintiffs.
06/02/2020
BNP Paribas Chinese Unit Fined for Anti-Money Laundering Violations
The penalties were part of the PBOC’s efforts to ramp up punishment of financial institutions that fail to adequately guard against money laundering.
06/02/2020
Taiwan regulator issues guidelines for Prudential unit bidders
The rules, which Taiwan will adopt in 2025, require local insurers to calculate contract liabilities at their present value in order to make it easier to assess their financial performance.
06/02/2020
Hong Kong Government Reassures Financial Freedoms
As long as foreign investors are not engaged in activities relevant to national security matters, they have nothing to worry about.
06/02/2020
Thailand’s Islamic bank doubles branches; Cambodia gets takaful option
This policy is part of a rehabilitation plan for IBank which is one of Thailand’s state enterprises that ran into troubles after accruing high non-performing loans and net losses in the past years.
06/02/2020
ICAC Charges SME Director & Clerk for Defrauding HK Banks
Subsequent ICAC enquiries revealed the above alleged offences, which took place between February 2011 and June 2014.
06/02/2020
Court of Appeal finds that the court's exclusive jurisdiction can trump an arbitrator's ability to determine a just and equitable winding up
In an important decision, Re China CVS (Cayman Islands) Holding Corporation (China CVS), the Cayman Islands Court of Appeal (the CICA) has provided welcome clarification on the tension between the exclusive jurisdiction of the court to determine whether i
06/01/2020
ICICI Bank extends moratorium on credit card dues: Here's how it will work
Here is everything you need to know about ICICI Bank's extended moratorium on EMIs, according to its website.
06/01/2020
Allianz Real Estate buys Japan residential assets for 110 million euros
The company is currently merging with parent Allianz Group’s bond management arm Pacific Investment Management Company, or Pimco, to become a 100 billion euro property unit.
06/01/2020
In Hong Kong, China Threatens Businesses and Workers
Beijing is using fear and pressure to drum up support for its increasingly hard-line stance in the Asian financial capital, threatening its status as a global business center.
06/01/2020
Japan's GPIF partners with Dutch bank for green bond investment
GPIF has formed partnerships for sustainability and green bond investments with 14 multilateral development banks and financial institutions.
06/01/2020
Australia regulator says coronavirus crisis may force superannuation fund mergers
Australian superannuation fund assets fell 7.77% to A$2.73 trillion (US$1.8 trillion) as of end-March 2020 from A$2.96 trillion at the end of 2019.
06/01/2020
How Australia can improve its global fintech position
The most encouraging and crucial research findings are that Australia can substantially improve its fintech positioning in the world
06/01/2020
ASIC contradicts key claims by embattled ME Bank
The Age and The Sydney Morning Herald last month revealed ME Bank had restricted withdrawals from mortgage redraw accounts at the height of the coronavirus pandemic without warning customers.
06/01/2020
UK to extend Visa rights for Hong Kong’ers
Bonnie Glaser, Director, China power project at the Centre for Strategic and International Studies, said: “Ultimately we could see capital flight. We could see US businesses moving out of Hong Kong, expats leaving, and the end to Hong Kong as an int