11/22/2022
Manulife IM Receives Approval for Takeover of China JV
This will make it the first foreign wealth and asset manager to convert its joint venture into a wholly-owned public fund management company in mainland China.
Legal, Regulation & Compliance
11/18/2022
Indonesia regulator allows banks to invest 35% of their capital in fintech firms
With the new rule, they can invest capital directly in fintech firms, or acquire their shares on the stock exchange.
11/18/2022
ANZ to pay $42m in insurance lawsuit
The class action followed claims consumers were sold credit insurance without consent when taking out credit cards and personal loans.
11/17/2022
Central Banks of Indonesia, Malaysia, Philippines, Singapore and Thailand Seal Cooperation in Regional Payment Connectivity
The RPC is expected to be a significant contributor to accelerating regional economic recovery and promoting inclusive growth.
11/16/2022
GFG Takes Step Towards Settlement With Creditors
The agreement, subject to approval, pauses further litigation by the Swiss bank against the steel group.
11/16/2022
EU and international partners launch ground-breaking partnership on just energy transition with Indonesia
In a joint statement , Indonesia and international partners have announced their commitment to meeting ground-breaking climate targets and related financing.
11/15/2022
Regulatory Approach to Digital Assets in Hong Kong and Singapore
Unsurprisingly, digital assets were the focus of various announcements issued during Hong Kong's and Singapore's respective Fintech Week events held in early November 2022.
11/14/2022
China regulators urge more financing support for property firms
A notice to the institutions from the People's Bank of China and the China Banking and Insurance Regulatory Commission covered 16 steps
11/09/2022
HKMA welcomes the additional payment arrangement for residential mortgage refinancing transactions
PAPT can better facilitate the development of digital finance while strengthening protection of mortgage customers.
11/08/2022
HashKey Capital Secures In-Principle Approval CMS License
The company was also granted an uplift of its Type 9 licence for asset management in Hong Kong in September, enabling the company to manage a portfolio of 100% virtual assets.
11/04/2022
ASIC Annual Forum 2022: New directions for the boardroom
International developments impact financial stability here in Australia.
11/02/2022
MOF and MAS Launch Process to Digitalise Banker’s Guarantees and Insurance Bonds
“This is a win for both financial institutions and their customers. eGuarantee@Gov facilitates greater efficiency in processing guarantees and reduces the operational risks associated with manual paper-based workflows.”
10/28/2022
Bank of Japan to keep ultra-low interest rates, defy global tightening trend
The nine-member board is likely to cut its growth forecasts for this year and next, the sources said, as the fallout from global monetary tightening and China’s sharp slowdown weigh on Japan’s export-reliant economy.
10/28/2022
HKMA Designates Nine CNH Primary Liquidity Providers
The HKMA has reviewed the performance of these nine PLPs in the past two years, and considers that they are all active participants in the CNH market, and have been performing their PLP roles effectively.
10/26/2022
Victory Securities is actively expanding its global wealth management business
Data shows that Victory Securities' Asset Under Management (AUM) has grown every year, with a growth rate of over 41% in a period of four years.
10/21/2022
Tender results of the re-opening of 10-year Government Bonds under the Institutional Bond Issuance Programme
A total of HK$0.6 billion 3-year Government Bonds were offered today and the same nominal amount of another Government Bond issue number 15GB3603 was early redeemed.
10/21/2022
Nordea Asset Management seeking licence to open investment hub in Singapore
The €248bn ($243bn) Nordic money manager is in the final stages of applying for a fund management licence with MAS, hoping to open shop in 2023.
10/20/2022
Thailand BOI Approves New 5-Year Investment Promotion Strategy
The board also acknowledged the investment pledges filed during the first nine months of 2022.
10/19/2022
Malaysia securities regulator suspends licence of Interpac’s top official for six months
Nazri joined Interpac as chief executive officer in 2019.
10/19/2022
Talent Flow Reversal in Focus for Hong Kong Policy Address
A dedicated office to attract business and talent has also been set up.