12/04/2015
SAFE granted 17 new QFII quotas in November
Beijing is pressing ahead with the RQFII programme and has recently included Malaysia as its 14th overseas jurisdiction in the scheme.
Legal, Regulation & Compliance
12/03/2015
RMB joins the elite club
As China rose to the top in international trade in recent years, it was natural for RMB to become much more widely accepted in the trading of goods and services
12/03/2015
Third SMSF auditor banned
SMSF auditors must maintain high standards or ASIC will hold them to account
12/03/2015
China Shanshui Cement Group Limited: Cement Shoes for Directors?
In 2011, in the case of Re China Milk Products Group Limited Mr Justice Jones held that the directors of an insolvent company had an inherent authority to petition for its winding up, even if they were not empowered to do so by the company’s article
12/03/2015
Linklaters in talk with two Chinese firms for Shanghai venture
Linklaters is in discussions with two Chinese law firms, Shanghai Kai-Rong Law Firm and Shanghai Capital Law & Partners, as it attempts to become the first Magic Circle firm to practise Chinese law.
12/03/2015
Bank of China appeals disclosure order in counterfeit case
The Bank of China is appealing a decision by a New York court to fine it $50,000 a day for withholding information about counterfeiters' bank accounts in China.
12/02/2015
Jersey funds, capital markets and private wealth strengths highlighted in Asia Roadshows
Senior finance professionals in Asia heard about Jersey’s strength in funds, capital markets and private wealth at a number of events hosted by Jersey Finance in the Far East earlier this month.
12/01/2015
Asian companies have growing interest in U.K., says top Barclays banker
The number of people employed by U.K. companies in India has reached 690,000
12/01/2015
Central bank holds steady for 7.4% growth
The Reserve Bank will follow developments on commodity prices, especially food and oil, even while tracking inflationary expectations and external developments
11/30/2015
ASIC imposes licence conditions on wealth management firm
The Australian Securities and Investments Commission has imposed new licence conditions on retail stockbroking and wealth management firm, Morgans Financial Limited, after it found several breach incidents over recent years.
11/30/2015
International Monetary Fund set to admit Chinese renminbi to SDR currency basket
The International Monetary Fund issued a new staff report on 13 November supporting the inclusion of the renminbi in the Special Drawing Rights.
11/30/2015
S.Korea gives initial approval for first online-only banks
Another consortium of 21 partners, led by telecom company KT Corp with Alibaba's Alipay Holding Ltd, also received approval to open an online bank.
11/30/2015
Bangladesh Bank received nearly 4,000 bank fraud complaints in 2014-15
Moinul Islam Khosru returned to Bangladesh in 2009 after a year in the UK and applied for a bank loan to set up a resort in his native Sylhet.
11/30/2015
Israeli fintech teams up with Australia’s biggest bank
Economy Ministry’s deal with the Commonwealth Bank of Australia highlights the worldwide impact of Israeli financial technology
11/29/2015
Asia’s central bankers flag ‘increased uncertainty’
AN EXPANSION in policy instruments and careful coordination are essential to building defenses against increased challenges to growth and financial stability in Asia
11/27/2015
China's biggest broker Citic probed for 'rule violations'
Citic Securities will actively assist the investigation and release any progress in a timely manner. The company is operating normally
11/27/2015
Bank of China refuses to give US court account details of luxury goods counterfeiting suspects
The bank also argued that the New York court had no jurisdiction over it.
11/27/2015
China Report: Bank Executives are Fleeing to FinTech Companies
The growing number of departures were described as a “blow to traditional state-owned banks”.
11/27/2015
China lets first foreigners into local interbank FX market ahead of SDR
China issued detailed rules on letting foreigners participate in the interbank foreign exchange market in September
11/27/2015
Chinese police crack $4.5bn underground bank
The police found illegal transactions amounting to 28.8 billion yuan ($4.51 billion) from 1.4 million foreign exchange trading records