Managers of Wealth Asia Pacific

City Harvest's ex-fund manager downplays involvement in property buy

Chew told the court on Tuesday 3 February that he was “just offering his services” in the role of a “fund manager"

China shadow bank regulation shows results

Beijing has declared a partial victory over shadow banking, which has loomed large over China’s $30tn banking system in recent years, enabling it to pursue looser monetary policy without exacerbating risks.

Hong Kong regulator may buy own property to save on rent

“In a digital era, the SFC can now communicate with brokers or fund managers by the internet.

Central banks of Singapore, Myanmar to strengthen bilateral cooperation

The central banks of Singapore and Myanmar are entering into a Memorandum of Understanding (MOU) to strengthen bilateral cooperation

Chinese monetary policy likely to take wait-and-see mode

China is likely to hold off major monetary policy decisions before more complete economic data indicates growth momentum

Receiver chasing 'over $25m'

The receiver of Ross Asset Management is "reluctant" to put a number on the millions of dollars it is seeking to claw back from former investors.

City Harvest's founder Kong Hee accused by church's ex-fund manager of lying to court

City Harvest Church's former fund manager on Monday accused founding pastor Kong Hee of lying to the court over the level of control he had over the Crossover Project, which involved using his wife's secular music as an evangelising tool.

Singapore Charges Ex-Forex Traders for Unlawful Gains

In unrelated cases, charges have been filed against Ivan Chng and Toh Hway Khuan, two ex-foreign exchange traders for alleged unlawful gains. The traders allegedly transacted around $1.1 billion US dollars in false trades using preferential rates.

Fund Managers to Include Foreign Assets in Indonesia

Indonesian investment fund managers may be allowed to include foreign assets in their mutual funds (conventional and Islamic-based mutual funds), offered to investors, soon

Chinese banks back risky stock margin finance in face of regulator crackdown

That exposes China's banking system to greater risks

China regulator says to punish 5 fund management firms for insider trading

China's securities regulator said on Friday it will punish five fund management companies for insider trading and prohibit them from issuing new mutual fund products for three to six months.

Linklaters appoints new India head on wave of business optimism

A quadrilingual, London-based finance partner has been appointed head of the India practice after the founder of the practice, the current incumbent Sandep Katwala, stands down after a decade in post.

Zeti: No one single entity will pose systemic risk

Zeti was speaking to reporters after a signing ceremony

Hedge funds unsure over Basel III impact

While full implementation of capital requirement regulations could have a major effect on hedge fund financing, one in three are unaware of the potential impact, finds a new survey.

Banks crack down on money transfer services

Remittances from New Zealand represent a significant part of many Pacific nations' incomes.

Banks require customers to give 31 days notice if they plan on accessing term deposit accounts early

National Senior Australia’s chief executive Michael O’Neill said the new rules introduced under the Basel III liquidity standards will put “unnecessary stress” on retirees

Liquidators eye Ponzi investors

Backers who were paid out before scheme folded could face attempt to claw back $2m

OJK to regulate capital

The OJK is reviewing the best format to measure consolidated minimum capital requirements, according to OJK commissioner on banking supervision Nelson Tampubolon.

Foreign Law Firms Face Pressure in China

Lawyers Compete Not Only With Each Other, but Also 19,000 Chinese Firms

Dentons to Merge With Dacheng of China to Create World’s Largest Law Firm

The multinational law firm Dentons announced on Tuesday that it would merge with the Dacheng Law Offices of China, creating a firm with the world’s largest number of lawyers.

Legal, Regulation & Compliance