10/31/2019
SSGA readies 10 funds for Hong Kong launch
They include a mixture of active and passive products covering a wide range of global equity markets
Legal, Regulation & Compliance
10/30/2019
Indonesian bank's stock rises on back of strict cost control
Bank Central Asia, with valuation over $68b, now most expensive among world's lenders
10/30/2019
Generali and Orient Commercial Bank Sign Exclusive Agreement
The agreement details that Generali Vietnam Life Insurance will be the sole insurance partner of Orient Commercial Bank.
10/30/2019
Xpress Money Expands Operations in China With Geoswift
Enables real-time bank transfers to UnionPay card account holders across 14 banks
10/30/2019
BSP invests in green bonds
The BIS said the initiative is part of its broader commitment to supporting environmentally responsible finance and investment practice.
10/29/2019
ASIC bans former Fitzpatricks employee
The regulator added that Radke was not acting as an authorised representative at the time of the conduct, but was previously a financial adviser and continued to hold trusted positions within the financial services industry over a number of years.
10/29/2019
New hedge fund will target poor corporate governance in Japan
Long-short fund to bet stock prices directly linked to good governance and high scandal potential
10/29/2019
HSBC warns of restructuring pain ahead as outlook darkens
HSBC reported pre-tax profit of $4.8 billion for the third quarter on Monday, compared with the $5.3 billion average of analysts’ forecasts.
10/29/2019
Fed Should Continue to Deliver
Sterling seems to be discounting that surely there has to be some political resolution.
10/29/2019
Gold standard for Chinese corruption
A haul of 13.5 tonnes from the basement of just one official’s home is shining proof.
10/29/2019
In rare win for regulators, Australia's Westpac loses case over marketing cold calls
The court gave ASIC and Westpac two weeks to agree on what public declarations the bank must give.
10/29/2019
Labuan IBFC Signs MoU with China Construction Bank
The MOU will allow the benefits of Labuan IBFC to be shared with CCB’s extensive clientnetwork through its 15000 branches in China and globally.
10/29/2019
Offshore: The unsilent majority
Traditionally a safe haven for offshore firms, 2019 has seen Hong Kong riven by unrest amid more than 100 days of protests.
10/29/2019
China approves more investment advisory licences
The regulator has approved five asset managers for onshore investment advisory services, continuing the shift from product sales-orientation to service-orientation
10/29/2019
Philippines plans to allow banks to set up Islamic banking units
The country has 45 universal and commercial bank groups, only one of which -- the Al-Amanah Islamic Investment Bank of the Philippines -- operates under Shariah principles.
10/29/2019
Australian watchdog slaps permanent ban on Brisbane adviser
Radke provided administrative services via a related company of Fitzpatricks Private Wealth between 2011-2018.
10/28/2019
Use of trusts in succession planning in Hong Kong
The extent of powers and functions given to a settlor, a protector and the trustee are therefore one of the most critical decisions to make when setting up a trust.
10/28/2019
Denied: memo lists Morgans’ rejection of problem-branch claims
Clients levelling claims at Morgans were instead referred to the government’s Financial Ombudsman Service
10/28/2019
DBS selects Allfunds platform
The Singapore bank has chosen the Allfunds B2B platform to access third-party mutual funds.
10/28/2019
Cayman ‘Economic Substance’ Crackdown Impacting HK Hedge Funds
In short, the new ES legislation will impact on the fund industry in Hong Kong to the extent any offshore entities are utilised.