Managers of Wealth Asia Pacific

Myanmar to approve five specialised banks for targeted lending

The CBM should also systematically monitor the specialised banks so that they don't give out additional financial assistance to those with connections to their financiers.

Proposed Asset Management Rules Will Help Tame China’s Shadow Banking Problem

Under the proposed rules, banks can no longer offer wealth management products with a guaranteed rate of return.

DFSA signs FinTech agreements with Hong Kong authorities

The DFSA signed bilateral agreements with Hong Kong’s Insurance Authority (IA) and the Hong Kong Monetary Authority (HKMA), in Hong Kong.

Hong Kong IFA firm Convoy halts trading following raids

However no time or date was given as to when this will happen.

Bank Indonesia declares bitcoin payment illegal

Cryptocurrency's volatility poses 'huge risk' to economy, central bank says

Slater & Gordon's new hedge fund owner has blunt message

The company had warned it risked insolvency if the recapitalisation was not approved.

Offshore law titan opens office in Shanghai

They are supported by a strong team of paralegals, business development managers and corporate secretaries

Canada urgently needs more trade with China, but big hurdles lie in its path

Canadian Prime Minister Justin Trudeau is on tour in China to discuss trade, but experts say hurdles stand in the way of major progress

Plans for more transparent Sibor seen benefiting borrowers

The one- and three-month ones are most widely used, and account for more than nine in 10 contracts that use the Sibor benchmark.

Barclays Africa, China Development Bank sign agreement to cooperate on development projects in Africa

Barclays Africa will also extract synergies from the CDB’s focus on inclusive finance to provide capital to SME’s and low income communities.

Hong Kong SFC issues Consultation Conclusions on the regulation of fund managers

An explanation of any such tools and exceptional measures should be disclosed in the fund offering documents or otherwise be made freely available to investors.

Former Billionaire Steel Magnate Banned From Leaving China

Thirty-six-year old Li Zhaohui was once considered one of the country’s most promising entrepreneurs.

MAS report finds Hong Kong, Korea and Singapore banks vulnerable to FinTech disruption due to reliance on payment fees

The report notes that FinTech presents opportunities for banks to improve their profitability from both the cost and revenue angles, whether exploited either internally within banks or through collaborative partnerships with FinTech companies.

Hong Kong latest jurisdiction to vanish from HMRC ROPS list

In the past, HMRC has, without warning, removed all, or nearly all, of the schemes that had featured on its list only a few weeks before of such jurisdictions as Australia, Guernsey, the US, Canada, France and Italy.

Korea’s Central Bank Raised Benchmark Interest Rate in 77 Months

The interest rate adjustment is based on a determination that the South Korean economy’s solid recovery is likely to continue for a while.

China Minsheng Bank handed fine in fake wealth management products case

China Banking Regulatory Commission said the case exposed lax internal control and risk management at the Beijing-based lender

Harneys officially launches Shanghai office after receiving China licence

The Shanghai team is led by Kristy Calvert, who has more than 15 years of experience working on cross-border transactions, ten of which were gained in the PRC.

Australia Bows to Pressure With Inquiry Into Bank Misconduct

The Australian government has bowed to growing pressure by announcing a high-level inquiry into misconduct in Australia's financial sector.

Banks invited to work on Great Wall’s $2bn Hong Kong float

Asset management company tasked with cleaning up China’s bad debt plans IPO for 2018

Wrong Turns In Paradise

It Transpires That There Is A World Of Difference Between The Panama Papers And The Paradise Papers

Legal, Regulation & Compliance