Managers of Wealth Asia Pacific

AIA Australia announces new repayment relief benefit

Life insurance specialist AIA Australia has introduced a new benefit to help customers who lose their jobs meet mortgage repayments.

Wells Fargo AM to launch three funds in Singapore

Several other fund managers are also expected to roll-out products in the Lion City.

Ping An Donates £1.1m of COVID-19 Medical Supplies to the United Kingdom

The donation also includes technological support such as the COVID-19 smart image-reading system developed by Ping An, which can generate rapid and accurate analysis of Computed Tomography (CT) lung scans for each individual case within 15 seconds

The HKMA and the banking sector join forces to help Hong Kong’s economy overcome the outbreak of COVID-19

This has helped reduce the cash-flow pressure on customers and lessen the impact of the outbreak on the local economy.

Financial Services Remain Open and Available

All financial markets in Singapore remain open, and payment services are unaffected.

Economic Policies for the COVID-19 War

In a war, massive spending on armaments stimulates economic activity and special provisions ensure essential services. In this crisis, things are more complicated, but a common feature is an increased role for the public sector.

Malaysia central bank says almost 25% of insurance assets may face climate risk

The central bank says it’s important for Malaysian financial institutions to treat climate change like any other financial risk which could affect their profitability and balance sheets and hurt their ability to raise funds.

Chant West takes Zenith acquisition to court

Chant West says it expects the application to be heard on an urgent basis.

10 Countries Actively Regulating Cryptocurrency Despite Global Crisis

During the past week, two countries approved new cryptocurrency exchanges.

Deutsche Bank inks $3bn deal for CIP in Taiwan

Deutsche Bank is also among 25 banks in the syndicate group of lenders to the project.

Allfunds receives SFC licences

The firm has been expanding investment advisory capabilities in Asia.

Serious Fraud Office investigating Christchurch-based financial service company

A complaint was made to the SFO after the fund was frozen when a discrepancy was found in its valuation.

Australia:Illiquid superannuation funds warned to expect regulatory scrutiny

The pension industry was not consulted on the decision and industry experts calculate the size of the demand for early withdrawals would be about double the government’s estimate of A$27bn.

Withers further expands its market-leading real estate team in Tokyo

Recognised as one of the best real estate lawyers in Japan

ASIC cancels AFS licence of FS Securities

The licence cancellation took effect on 5 March 2020.

COVID-19 pain kicks in for law firm partners

This is no more keenly felt than in the mergers and acquisitions departments of the biggest firms, which rely on such big-ticket work to boost profits.

SFC extends deadlines for implementation of regulatory expectations

The SFC has said that it is closely monitoring the development of the global COVID-19 pandemic, as stated in a circular.

New Law Firm Bowers Opens in Hong Kong; Experienced Team Offers Innovative Fixed-Fee Charging Structure, Eliminates Hourly Billing

The bowers.law team will also advise on a wide range of corporate and commercial matters, including transactional corporate finance and intellectual property cases.

Kyobo Life Insurance Files Complaint against Deloitte Anjin with US Accounting Oversight Board

"The evaluation period Deloitte Anjin used in calculating Kyobo Life’s FMV included the period from June 2017 to June 2018 when its major competitors’ stock prices hit all-time highs," a Kyobo Life official explained.

A new limited partnership regime for private equity/venture capital funds in Hong Kong

The Bill could be expanded to allow for statutory migration of offshore PE/VC funds to Hong Kong.

Legal, Regulation & Compliance