Managers of Wealth Asia Pacific

Exchange programme enhances HK-Shanghai financial co-operation

Miss Au said she believed the Shanghai post-secondary students could experience the unique international appeal of Hong Kong through their study tour here.

KPMG converts to special group partnership in China

According to the new regulations, the auditing giants should form special group partnerships with limited liability to continue their business in China when their joint venture terms end.

Chinese Efforts To Reshape Tax System Lauded

The IMF urged Beijing to continue these efforts, and frame them with clear medium-term fiscal plans, to provide evidence that the reform agenda is fiscally sustainable.

India revises tax treaty with Indonesia

The revised tax agreement would provide for effective exchange of information, including banking details

Israeli and china ink economic ties

Accountant General Ms. Michal Abadi-Boiangiu said that "the financial protocols with China enable the financing of export deals that would not have been carried out had it not been for the agreements.

Singapore advisers slapped for compliance failures

The Monetary Authority of Singapore (MAS) has reprimanded two companies for failing to ensure their employees met the minimum exam requirements of the Financial Advisers Act.

Korea - Offshore money laundering, wealth transfer surges

The Korea Customs Service said it has clamped down on 48 cases of offshore wealth transfer, money laundering and other related crimes during the January-June period.

Slaughters targets Aussie quartet as it abandons sole best friend strategy

Slaughter and May has drawn up a list of four preferred local firms to work with in Australia in the wake of Linklaters’ alliance deal with Allens.

S Korea's illegal wealth transfers soar in recent years: data

They involved a total of 152.8 billion won (US$132.8 million) in 2010, up from 16.6 billion won in 2007, the data showed.

Clifford Chance elects new Tokyo head

Capital markets partner Kanda will assume the role on 27 July.

Singapore top of Simmons' international growth agenda

Hoyland also said that Singapore was “probably top of the agenda” in terms of international expansion but added that there was not a long list alternatives.

Super-rich ‘hiding’ at least $21 trillion

The Price of Offshore Revisited was written by James Henry, a former chief economist at the consultancy McKinsey and commissioned by the Tax Justice Network.

Hedge Fund Manager Dubbed ‘King of Tokyo’ Has Left Japan

Dubbed the “King of Tokyo” by traders, the 53-year-old American seemed to have it all: wealth, professional acclaim and status as a patron of contemporary art.

Japan Banking Minister: FSA Will Deal With Wrongdoing Related To Tibor

"We should think of rates manipulation and internal controls as separate things," he said.

Global Investment Management Industry Continues To Face A Regulatory Avalanche Of Disparate Rules: KPMG Report

Observers, however, are beginning to see some consistency regarding the implementation of new regulations across the globe, with the U.S. and Europe setting the bar and Asia catching up.

Withers appoints first Chinese partner

She is Withers' first Chinese partner globally and is the seventh partner in Asia.

Indonesia's new bank ownership rules leave door open for DBS deal

The long-awaited regulation announced on Wednesday is aimed at preventing lenders in the fast-growing G20 country falling captive to single interests and ensuring a diverse shareholder base to hold management accountable.

Societe Generale is to repay HK wealth management clients $11 million

The Securities and Futures Commission said it had raised concerns that in more than 3,000 transactions, Societe Generale's clients had paid or received a different price for over-the-counter traded products than the price paid by the bank, with the d

Hong Kong Court Refuses to Strike Deutsche Bank Lawsuit

Tin Lik, the developer, sold the Gateway Plaza in Beijing to the bank’s RREEF China Commercial Trust (625) in 2007 and alleged that investment bankers inflated rents from the property before the trust’s Hong Kong listing in June that year.

HKMA and SFC release joint consultation conclusions & supplemental consultation relating to the proposed regulatory regime for the OTC derivatives market in Hong Kong

For a discussion of the HKMA and SFC's proposals in the Consultation Paper, please see our client briefing entitled "HKMA and SFC begin joint consultation process relating to the reporting, clearing and trading of OTC derivatives in Hong Kong&am

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