Black money: fin min examining CBDT report

Nearly ten months after it was formed to examine ways to check the menace of black money, a committee under the chairmanship of Central Board of Direct Taxes (CBDT) chief has submitted its report to the finance ministry.


China banking watchdog to release new rules on bank fees

And according to Banny Lam Chiu-kei, macroeconomic research associate director at CCB International, lenders will have to diversify and improve their services to remain profitable as the regulator cuts more charges.


Cadwalader Adds Jones Day Capital Markets Team in Hong Kong

In an interview Sunday, Asia practice head Rocky Lee said the firm was especially pleased to have recruited a team that has worked well together previously.Cadwalader, Wickersham & Taft has recruited a three-partner capital markets team from the Hong


BNP Paribas sued for $47mln

The oil company can also pursue damages in relation to the breach of contract, the report added.


SFO charges FX trader with fraud

He traded foreign currency on behalf of 73 investors, faces three charges of theft by a person in special relationship, obtaining by deception or causing loss by deception, and false statement by a promoter.


Sun Hung Kai Ex-Chairman Arrested in Widening Probe

The arrest was “in connection with an investigation into an offence or offences suspected to have been committed” under the city’s anti-bribery law, Sun Hung Kai said in a statement today.


Fidelity’s Stairs ‘Culpable’ of Hong Kong Insider Trading

Chaoda Chairman Kwok Ho and Chief Financial Officer Andy Chan, who were also specified in the civil inquiry, didn’t break insider trading laws when they divulged the Chinese vegetable producer’s plans to issue shares on investor calls, accordi


Super funds forced to come clean

Super funds will be forced to reveal the remuneration packages of their directors, top executives and fund managers and more details of their investment holdings in a historic shift towards standards similar to those that apply to listed companies.


Asian firms unprepared for Fatca, says PwC HK partner

Kwan was a speaker at an Alternative Investment Management Associate (Aima) seminar on Fatca in Hong Kong, and said that, though it was well-attended by firms keen to comply with the legislation, there were many funds not present that were harder to reac


Minister accused of money-laundering via UBS

The Federal Prosecutor’s Office and the Federal Justice Office have confirmed that Switzerland last year gave legal assistance to Hong Kong in a money-laundering case against Musa Aman, Chief Minister of the Malaysian State of Sabah on Borneo.