

Taiwan regulator rejects historic deal
Taiwan’s Financial Supervisory Commission (FSC) has rejected CTBC Financial Holding’s proposed USD4.1bn takeover of Shin Kong Financial...
Sep 19, 2024


Singapore’s MAS awards tax incentives to 1,650 single family offices by August end
The Monetary Authority of Singapore (MAS) has awarded tax incentives to about 1,650 single family offices (SFOs) as of the end of August,...
Sep 18, 2024


Financial cooperation deepens as HK, Macau link clearing systems
The monetary authorities of Hong Kong and Macau will establish a direct link between their clearing, settlement, and custodian systems to...
Sep 18, 2024


40% of Singapore firms see minimal impact from carbon tax hike
Nearly 40% of Singaporean companies reported minimal impact from the recent carbon tax hike, according to a survey by the Sustainable...
Sep 17, 2024


Record China fine on PwC shifts focus to Hong Kong’s accounting watchdog
The focus of a prolonged investigation into PricewaterhouseCoopers (PwC) shifts to Hong Kong after the accounting firm received a record...
Sep 17, 2024


Shanghai police probe HywinWealth Management over illegal fundraising
Shanghai police have launched a criminal investigation into Hywin Wealth Management for alleged involvement in illegal fundraising,...
Sep 12, 2024


South Korea’s finance minister proposes scrapping investment income tax
South Korea’s Finance Minister Choi Sang-mok announced plans to review and potentially scrap the forthcoming financial investment income...
Sep 11, 2024


Hong Kong’s new security law poses legal challenges for US firms
The Biden administration issued a warning that US businesses operating in Hong Kong are increasingly at risk due to the implementation of...
Sep 9, 2024


Bursa Malaysia moves to attract more foreign investors with more liquidity
Malaysia’s stock exchange is taking steps to reduce the dominance of large domestic investors to boost trading and attract foreign...
Sep 6, 2024


Chinese fund managers asks execs to return excess earnings
China Merchants Fund Management (China Merchants FM), under directives aligned with China’s “common prosperity” campaign, has mandated...
Sep 6, 2024


Taiwan FTC reviews Taishin, CTBC bids for Shin Kong Financial
Taiwan’s Fair Trade Commission (FTC) is reviewing competing bids by Taishin Financial Holding Co and CTBC Financial Holding Co for Shin...
Sep 6, 2024


Philippines expands financial inclusion with new Islamic banking unit
The Philippines has enhanced its financial inclusion landscape with the addition of a second Islamic banking unit (IBU), operated by...
Sep 5, 2024


Vietnam proposes major cuts in business regulations for 2025
The Ministry of Industry and Trade in Vietnam has proposed to cut or simplify 69 business conditions and administrative procedures for...
Sep 5, 2024


Singapore sees 25% rise in bankruptcy filings in H1 2024
Bankruptcy filings in Singapore surged by 25% in the first half of 2024, according to the Ministry of Law, with 2,334 people applying and...
Sep 4, 2024


Hong Kong SFC bars ex-UBS associate director for life
The Securities and Futures Commission (SFC) of Hong Kong has issued a lifetime ban to Charles Lam Chung-yiu, a former associate director...
Sep 4, 2024


SFC releases new licensing guides for financial professionals
The Securities and Futures Commission (SFC) has released two new guides aimed at easing the licensing process for visiting and returning...
Sep 2, 2024


HKMA launches tokenisation sandbox for financial sector
The Hong Kong Monetary Authority (HKMA) has launched Project Ensemble Sandbox to accelerate the adoption of tokenisation in the financial...
Aug 29, 2024


New rule forces Indonesian banks to publish lending margins
Indonesia’s Financial Services Authority (OJK) will mandate banks to publish detailed breakdowns of their lending rates, including...
Aug 28, 2024


eMPF lauded as global leader in pension platforms
Hong Kong Mandatory Provident Fund Schemes Authority’s chair, Ayesha Macpherson Lau, hailed the eMPF, a digital platform launched in...
Aug 27, 2024


Malaysia’s regulator fines Grant Thornton Malaysia for audit breach
The Securities Commission’s (SC) Audit Oversight Board (AOB) has fined Grant Thornton Malaysia PLT (GTM) MYR150,000 (USD34,400) and its...
Aug 26, 2024







