

HKEX proposes multiple clearing banks for investors
Investors trading on the Hong Kong Exchanges and Clearing (HKEX) may soon have the option to use multiple clearing banks for cash...
Apr 15, 2024


Hong Kong plans tax breaks for alternative investments
The Hong Kong government is poised to introduce new tax rules to attract investments in alternative sectors like private credit and...
Apr 12, 2024


Hong Kong set to launch Asia’s first spot Bitcoin ETFs this month
Hong Kong is set to launch spot bitcoin exchange-traded funds (ETFs) this month, potentially making it Asia’s first city to offer such...
Apr 11, 2024


US and China boost cooperation on financial stability
The US and China are enhancing their collaboration on financial stability, with plans for more simulations following a recent joint...
Apr 10, 2024


Only 12% of Asian investors set ESG investment targets
Despite high interest in ESG investing, only 12% of Asia’s institutional investors have committed to increasing investments in climate...
Apr 10, 2024


Credit Suisse unit to contest USD743m payout in Singapore court
A unit of the now-defunct Credit Suisse is set to challenge a Singapore court’s order to pay USD743m to billionaire client Bidzina...
Apr 9, 2024


Vietnam leads Southeast Asia in cybersecurity incidents
In 2023, Southeast Asia experienced nearly 43 million cybersecurity threats targeting businesses, as reported by Kaspersky. Vietnam faced...
Apr 8, 2024


Singapore tightens digital-asset regulations
Singapore has expanded its digital-asset regulations under the Payment Services Act to include token custody and enhance rules on fund...
Apr 5, 2024


Singapore introduces digital platform for anti-money laundering
The Monetary Authority of Singapore (MAS) has introduced COSMIC, a digital platform enabling financial institutions to share customer...
Apr 4, 2024


Singapore makes first conviction in massive USD2.2bn money laundering probe
Su Wenqiang, a Cambodian passport holder implicated in a SGD3bn (USD2.2bn) money laundering case, was sentenced to 13 months in jail, the...
Apr 3, 2024


Southeast Asian central banks join payment initiative
Brunei Darussalam Central Bank, BDCB, and Bank of the Lao PDR, BOL, have officially joined the initiative, bringing the total to eight...
Apr 2, 2024


Luxury property financier hit with more fraud charges in Singapore
Turkish national Vang Shuiming, implicated in Singapore’s largest money-laundering case, received six additional charges for fraud and...
Mar 28, 2024


Malaysia announces major tax breaks for digital companies
The Malaysia Digital Economy Corp (MDEC) will unveil new tax incentives in May for companies with Malaysia Digital and existing...
Mar 27, 2024


Philippine SEC moves to block Binance, MiTrade for lack of licence
The Philippine Securities and Exchange Commission (SEC) has requested the National Telecommunications Company (NTC) block Binance and...
Mar 26, 2024


Beijing to relax market access in push for foreign investment
Chinese Premier Li Qiang revealed plans for new regulations to address market access and cross-border data flows, aiming to bolster...
Mar 26, 2024


Vietnam moves to ease foreign investment in stock market
The Vietnam State Securities Commission (SSC) is taking significant steps to enhance the stock market by addressing foreign institutional...
Mar 25, 2024


Goldman Sachs lawsuit opens door for Malaysia to review 1MDB deal
Malaysia sees Goldman Sachs’ lawsuit over the 1MDB scandal as an opportunity to reassess a previous settlement. Second Finance Minister...
Mar 21, 2024


China imposes lifetime securities ban on Evergrande founder
China’s securities regulator has imposed a lifetime ban from the securities market on Hui Ka-yan, the former chairman of China...
Mar 20, 2024


Vietnam targets insurance market manipulation with new decree
At the 31st National Assembly Standing Committee meeting, Vietnam’s Finance Minister Ho Durc Phoc addressed concerns over unethical...
Mar 18, 2024


HKMA launches Phase 2 of e-HKD pilot of digital currency use
The Hong Kong Monetary Authority (HKMA) announced the initiation of Phase 2 of the e-HKD Pilot Programme, aimed at exploring further...
Mar 18, 2024

