05/22/2014
SFC reprimands and fines Deutsche Bank Aktiengesellschaft $1.6 million for regulatory breaches
In deciding the penalty, the SFC took into account that Deutsche Bank reported the matter to the SFC and has since strengthened its internal controls on the monitoring and disclosure of its equity positions in Hong Kong listed companies.
05/22/2014
SFC reprimands and fines ICBC International Capital Limited and ICBC International Securities Limited $12.5 million each for failures related to IPO shares subscription
Although the subscriptions of some of these Placees far exceeded their declared net worth, ICBCI Capital nevertheless allocated the Offer Shares to them. As a result, massive debit balances were triggered after the Offer Shares were booked into their acco
05/22/2014
BNY Mellon to Sell 49% Stake in China Joint Venture -- Update
BNY Mellon submitted a plan to China's securities regulator to sell its 49% stake in BNY Mellon Western Fund Management Co.
05/21/2014
The bank hasn’t been charged with any wrongdoing
05/21/2014
MAS takes action against former employee of affluent banking unit of Malayan Bank for insider trading
The relationship manager had purchased shares from Sin Heng Machinery with confidential information concerning company at hand
05/21/2014
As a result of his conduct, approximately $17.6 million was written off the income statement
05/21/2014
Six months after promising to let the market play a "decisive" role in the economy, China's leaders have backtracked on a high-profile overhaul of initial public offerings.
05/21/2014
This facility was available to select banks only and other entities were barred from importing the metal
05/20/2014
The Asian Banker chairman Emmanuel Daniel believes that Bank Negara Malaysia's usage of bank liquidity to manage inflation is one of the most professional policies in the world
05/20/2014
The review petition listed 53 grounds
05/20/2014
Clifford Chance’s Hong Kong team acted for the arrangers on the deal
05/19/2014
Surat diamond Hawala case: Enforcement Directorate to send LRs to Middle-East, Hong Kong
The agency has detected some funds which have been sent through illegal banking channels to Hong Kong and China and legal replies from these countries would b.e obtained to take the probe further
05/19/2014
Taylor Wessing has formed an association with South Korean firm DR & AJU, becoming the latest UK firm to make a move into the jurisdiction.
05/16/2014
FSC lays out specifics of reform plan for public financial institutions
05/16/2014
It has shocked industry veterans and put insider trading back in the spotlight
05/15/2014
BTG Pactual raised as much as 3.66 billion reais ($1.66 billion) in its 2012 initial public offering.
05/15/2014
The regulator also said it will establish a maritime financing guarantee agency within this year.
05/15/2014
The SFC would have imposed a heavy fine
05/14/2014
Legal reforms which have been promised for the Shanghai free trade zone have proved slow to appear and could be holding up some investment including a possible local firm tie-up by Linklaters.
05/13/2014
Insider trading: alleged scam was uncovered through LinkedIn
Broker found the LinkedIn connection after his team alerted him to suspicious trades