08/20/2018
A welcomed spike in employee benefit trusts in Hong Kong
The new rules allow companies with weighted voting rights to list on the HKSE’s main board, as well as biotech firms that have not yet turned a profit.
Legal, Regulation & Compliance
08/20/2018
China regulator asks financial institutions to support infrastructure investment
The move comes amid a period of uncertainty for China’s economy, in part because of an intensifying trade row with the United States.
08/20/2018
Dawood Ibrahim's finance manager Jabir Moti nabbed in London
He was arrested by the officials of the Charring Cross Police Station in London.
08/20/2018
[News in focus] Gov’t searches for a way to deregulate internet-only banks
The regulation dates back to 1982, when the government attempted to prevent banks from being exploited as the personal piggy banks of chaebol-owner families.
08/20/2018
HUB24 lifts targets
HUB24 has lifted its revenue targets for the next three years, as it its platform and advice licensee swelled their revenues in FY18.
08/20/2018
LO and Mizuho ink Singapore WM alliance
The agreement comes after Lombard Odier established other strategic partnerships with banks in the Philippines, Thailand and Indonesia.
08/19/2018
Chinese police nab suspects after S$120 million cryptocurrency theft
The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody.
08/19/2018
Pension fund regulator sets up panel for advice on cyber safety
The committee has been constituted by the Pension Fund and Regulatory Development Authority (PFRDA) to keep an eye on the technological changes.
08/19/2018
Mourant advises BeiGene, Ltd. on Hong Kong’s biggest biotech IPO
BeiGene, Ltd. is a biopharmaceutical company focused on developing and commercialising molecularly targeted and immuno-oncology drugs for the treatment of cancer.
08/17/2018
China central bank bars some offshore lending in latest move to support yuan
They prevent commercial banks from using some interbank accounts to deposit or lend yuan offshore through free trade zone schemes, the people said.
08/17/2018
Appleby Hong Kong shortlisted for five awards
Appleby have been recognised for their contribution in two high-profile deals this year, the disposal of ele.me to Alibaba in May and on the Carlyle Group’s investment in Ant International in June.
08/17/2018
Time for NAB to review dividend policy: MS
"NAB intends to maintain the 198c dividend in FY18E," Morgan Stanley told clients on Thursday morning.
08/17/2018
AMP to compensate super investors after fresh humiliation at royal commission
Wealth management firm admitted fees were so high that a $100,000 cash super investment made a loss, inquiry told
08/17/2018
Cayman funds shrink in Hong Kong
Funds domiciled in Ireland, UK and Bermuda also saw a decline in number and assets in Hong Kong.
08/17/2018
Australian Government releases draft decryption legislation
The legislation is subject to public consultation until 10 September 2018.
08/17/2018
$24M Thailand Bitcoin Fraud Case Update; Three Banks, Investor and Family on the Hook
The $24 Million Thailand Fraud Case Entangles A Leading Stock Investor And Bank Employees
08/17/2018
Some Australian Pension Funds May Be Derelict in Duty, Inquiry Hears
Firms that came under fire in this round of hearings include National Australia Bank after one of its units charged more than 220,000 customers for advice they did not receive.
08/16/2018
ASIC's concerns over NAB fees revealed
The corporate regulator has outlined suspected offending by National Australia Bank in a document released by the banking royal commission.
08/16/2018
Appleby Hong kong Shortlisted For Five Awards
Appleby Hong Kong has also been nominated by the China Law & Practice Awards for M&A Deal of the Year, Private Equity Deal of the Year and Offshore Firm of the Year.
08/16/2018
Macau revokes 13 offshore permits in first half of 2018
The two banks were previously being the only authorised banks to have offshore operations in Macau.