Managers of Wealth Asia Pacific

Moving from Hong Kong to the UK

The applications for the visa opened on 31 January 2021 and is for British National (Overseas) (BNO) status holders and/or Hong Kong Special Administrative Region (HKSAR) passport holders.

Conyers Wins Finance Deal of the Year at ALB Hong Kong Law Awards 2021

The ALB Hong Kong Law Awards ceremony was held virtually on 10 September.

China - New high-octane rules for data security

The national standard has been formulated as a framework that identifies the characteristics of important data.

Open sesame

China has opened the gates to foreign fund managers, giving them unprecedented access to the world’s second-largest asset management market.

Hong Kong Stock Exchange proposes a new listing regime for SPACs

Against this backdrop, the Exchange is only going to allow the creation of legitimate forms of cash shells with very high entry thresholds.

Former Wodonga director charged with making false statement

The matter was mentioned on 13 September 2021 in the Wodonga Magistrates’ Court and has been adjourned until 23 November 2021.

Trojan group director disqualified from managing corporations for two years

Most of the companies were part of the Trojan group of companies that operated around Australia providing security services.

Report on competition in the Australian funds management industry

ASIC will take these findings into account in its ongoing work to support effective competition in the funds management industry and to improve investor outcomes.

China's market regulator proposes amendments to e-commerce law

The amendments are open for public review till 14 October.

Allen & Overy advises the Republic of Indonesia on Asia’s first sovereign SDG eurobond

The SDG bond and bonds to fund the tender offer were issued in takedowns from the Republic’s shelf registration statement with the SEC.

IMF Board Meet Over China Data Rigging Scandal

The board meeting follows an investigation, launched at the request of the World Bank’s ethics committee

ASIC publishes guidance on hawking reforms

‘Under the new laws, ASIC will be better able to tackle poor conduct by firms where consumers are pressured into products that are not right for them.’

ASIC warns of social media led ‘pump and dump’ campaigns

Market manipulation is illegal.

SFC-ICAC operation leads to conviction of Convoy Global’s former senior executives

The case was adjourned to 9 October for mitigation and sentencing while the defendants were granted cash bail.

ASIC bans former dealer and portfolio manager for market manipulation

Market manipulation is an enduring priority for ASIC. Market manipulation undermines the integrity of, and diminishes consumer confidence in, Australia’s financial markets.

Securities Commission Malaysia Launches Five Year Capital Market Masterplan

The CMP3 was unveiled at a virtual ceremony officiated by Finance Minister YB Senator Tengku Datuk Seri Utama Zafrul Tengku Abdul Aziz.

Mourant Advises on Pre-listing SPAC for first Hong Kong Unicorn to list on Nasdaq

This landmark deal will allow Prenetics to publicly trade on the Nasdaq upon completion of the transaction.

SEC advises listed companies to exercise care and caution before investing in digital assets

In case of making such investment, listed companies are advised to do so through licensed digital asset business operators to ensure legal protection.

Boosting Equity Financing for High-Growth Enterprises

Minister for Trade and Industry Gan Kim Yong will announce the following initiatives

ASIC permanently bans former Sydney financial adviser

Mr Hopkins was a financial adviser and sole director of QWL Pty Ltd (QWL) in Sydney.

Legal, Regulation & Compliance