Managers of Wealth Asia Pacific

Supreme Court Upholds Dissolution of Chinese Asset Manager

The dissolution of Jilin Province Financial Asset Management makes it’s the first firm to be dissolved amongst over 60 other Chinese asset management companies.

CPA Australia: A stronger focus on customers and technology essential for small business recovery

CPA Australia's Asia-Pacific Small Business Survey 2019-20 found that there is much opportunity for Singapore's small businesses to improve their online sales presence.

Corona Count Doubt: What Say The Banks?

For the banking industry, which is not in the business of epidemiology, such doubts warrant not only a thorough review of sources but also a contingent in the event that a material gap from reality can be ascertained.

Bank Indonesia to relax credit card regulations to fuel virus-battered economy

Indonesian Credit Card Association chairman Steve Martha said the regulation would directly benefit consumers that might face financial problems caused by the COVID-19 pandemic

S&P outlook cut not a reflection of fundamentals: Indonesia

The lingering economic and financial uncertainty is a global phenomenon and Indonesia is one of many countries that have taken policy responses in the area of fiscal, monetary and financial policy to mitigate the negative impact of the spread of Covid-19

India amends Foreign Direct Investment policy to curb opportunistic takeovers

FDI proposals from countries sharing border with India needs government approval

ESMA and MAS sign MoU on financial benchmarks

The signing of the MoU follows the European Commission’s equivalence decision recognising Singapore’s regulatory framework on financial benchmarks as equivalent to the requirements under the EU’s Benchmarks Regulation.

Malaysia fund redemptions rise, but regulator doesn’t see liquidity risk

He did not provide the redemption and inflow figures.

Hong Kong Welcomes First Approved Crypto Fund

The fund will initially seek to target $100 million in assets under management in the first year, according to a Bloomberg report citing Arrano Capital’s chief investment officer Avaneesh Acquilla.

China in Africa: South Africa-China Economic and Trade Association (SACETA)-Africa Oil & Power (AOP) Partnership Opens Doors to New Chinese Investment in Africa

The partnership agreement, signed today, sees Africa’s leading energy event organizer join hands with China’s top trade and investment association in South Africa

India pushes ‘last-mile’ funds for cash-starved shadow banks

In India, bad loans are expected to swell as businesses shut down and cut jobs

Liquid and ready: Cbus

A Cbus spokesperson said the fund currently has a large amount of liquid assets, which it has been reviewing and managing daily.

MAS Urges Customers to Minimise Visits to Premises of Financial Institutions

This is in line with the guidance issued by the Ministry of Health

Offshore firm Harneys creates ‘ASS Unit’ while axing staff

"It’s a nightmare here... and nobody knows who is next", they said.

Planning personal wealth under economic globalization

Wealth planning ideas such as global asset allocation, foreign wealth management and offshore trusts, once exclusive to the rich, are now widely distributed among the mass affluent.

US returns $300 million in stolen funds to Malaysia

Low and his family agreed to forfeit more than $700 million in assets and to date

Boutique buys out Bennelong

Bennelong chief executive Craig Bingham said Bennelong are proud to have partnered with Wheelhouse, and look forward to seeing them "continue to flourish".

QSuper board takes AFCA decision to court

QSuper appealed against the AFCA decision in Federal Court on the grounds that: AFCA in the case had impermissibly exercised the judicial power of the Commonwealth, and that AFCA's decision had involved an error of law if it was authorised to make th

Financial tradeoffs matter during pandemics

Current and prospective demand and supply curves are affected, as reflected in stock and bond prices, resulting in financial market turmoil and the self-fulfilling downward spirals that come with it, be it in prices, credit or liquidity.

China Opens Treasury Bond Futures Market to ICBC, BOC, BoCom

Other domestic banks and insurance institutions are also expected to participate in the pilot programme ahead of a wider rollout.

Legal, Regulation & Compliance