02/05/2018
Standard Bank, UnionPay International partner for Chinese to transact in Africa
Standard Bank is also the first African bank to receive the license to issue UnionPay cards in South Africa.
Legal, Regulation & Compliance
02/04/2018
Carey Olsen advises on A$1.2bn restructure
The transaction is notable because it was the first time a creditors' scheme of arrangement had been used in the Australian market as an interim stabilising step in a broader restructuring process.
02/04/2018
China fines 19 banking institutions over loan fraud
A total of 104 employees in the banking industry were also punished, while 35 criminals involved in the case have been arrested, according to the CBRC.
02/02/2018
China puzzle unravelling for iFAST
Financial culture and regulatory issues are not deterring investment platform expansion plans.
02/01/2018
FinTech Australia Tells Aussie Government it is Time to Act on Legislation to Empower Private Company Equity Crowdfunding
Australia enacted new crowdfunding regulation (Crowd-sourced funding) in 2017 but left a gaping shortcoming in the new rules.
02/01/2018
‘Accidental Americans’ putting Asia’s wealth transfer at risk
Accidental Americans face ruin if their estates are not properly structured, a lawyer has warned.
01/31/2018
CPAM signs strategic alliance deal with Sun Life Malaysia
Sun Life Malaysia is a 49:51 joint venture between Canada’s Sun Life Financial Inc and Avicennia Capital, a wholly-owned unit of Malaysian sovereign wealth fund Khazanah Nasional.
01/31/2018
Breakthrough in Removing Iran-China Banking Hurdles
The closures were attributed to new pressures from Washington and also more stringent ant-money laundering measures adopted by Chinese lenders in line with the Financial Action Task Force requirements.
01/31/2018
Moven to receive funding from SoftBank, plans to buy bank
On one side will be the software provider that already develops digital banking software for TD Bank in Canada and Westpac in New Zealand.
01/30/2018
Lawyers investigate whether ASIC website glitch assisted insider trading
The Australian Securities and Investment Commission has hired lawyers to check whether a glitch on its website assisted insider trading.
01/30/2018
HK and Australia Fintech Buddy-up
Danielle Szetho was appointed to lead fintech Australia in June 2016 with a remit to expand the reach of the association and its members.
01/30/2018
Jefferies inks strategic alliance with BOC International
As part of Jefferies ongoing effort to meet the ever-changing needs of our global institutional clients, we are very pleased to begin working with BOCI
01/30/2018
SSC warns against investing in cryptocurrencies
The commission also requested public companies operating in fintech to comply with the established law on initial offering and fund raising.
01/30/2018
Chasing the black money chimera from Panama to paradise?
Individuals and companies are prohibited from investing in countries identified as non-cooperative by the Financial Action Task Force, an inter-governmental body.
01/30/2018
Singapore Savings Bonds oversubscribed for the first time
More than 6,300 investors applied for about S$172 million worth of SSB in January.
01/29/2018
New rules a boon for Indian real estate market
REITs are expected to be a boon for the real estate sector in India, which is suffering from a liquidity crunch and poor sales.
01/29/2018
Security Bank, MUFG to help promote Philippines
The MOU aims to generate investments in the industries listed in the Philippines’ 2017-2019 Investment Priorities Plan.
01/29/2018
Japan bank: Saudi purge is driving away investors
His decision to imprison some of the country’s most famous heads of business came under extreme scrutiny.
01/29/2018
Cooley Launches in Beijing
Investment funds lawyer Xun Zeng joins as office’s first resident partner
01/28/2018
Thailand Taking Steps to Regulate ICOs
Current guidelines limit the maximum investment for retail investors to $10,000 per ICO and $95,000 per person.