

Key US-China economic officials to meet in Shanghai
Senior US and Chinese economic officials will meet in Shanghai on Aug. 15-16 for the first time since China outlined its long-term...
Aug 14, 2024


Thailand forms committee for financial hub
The Finance Ministry is forming a 34-member committee, chaired by Deputy Finance Minister Paopoom Rojanasakul, to develop policies and...
Aug 13, 2024


Foreign investors withdraw billions from China in Q2
Foreign investors withdrew a record amount from China last quarter, reflecting deep pessimism about the world's second-largest economy....
Aug 13, 2024


Singapore’s MAS chooses EY for family office compliance
The Monetary Authority of Singapore (MAS) has appointed Ernst & Young Advisory Pte. Ltd. (EY) as one of six screening service providers...
Aug 12, 2024


Philippines central bank to approve new digital banks from January 2025
The Monetary Board has approved lifting the moratorium on new digital banking licences starting January 1, 2025, allowing up to ten...
Aug 12, 2024


Chinese regulators limit duration of new bond funds
Chinese regulators are restricting the duration of new bond funds to curb investment in long-dated treasuries amid efforts to cool a bond...
Aug 9, 2024


Hong Kong does not need new virtual banks – HKMA
The Hong Kong Monetary Authority (HKMA) sees no need for new players in the city’s virtual banking sector and has launched a one-month...
Aug 8, 2024


Taiwan’s financial regulator cautions banks on China operations
Taiwan’s financial regulator has warned bank employees in China to be cautious of their remarks following Beijing’s expansion of laws...
Aug 7, 2024


HKMA initiates banking system overhaul
The HKMA will allow deposit-taking companies (DTCs) to roll over their deposits upon conversion to restricted licensed banks. DTCs, the...
Aug 7, 2024


Chinese regulators push state firms to drop PwC as auditor
Chinese regulators have asked several large state-owned clients of PricewaterhouseCoopers (PwC) to drop the auditor due to its work for...
Aug 6, 2024


Singapore regulator bans asset management firm’s ex-CEO for two years
The Monetary Authority of Singapore (MAS) has issued a two-year prohibition order against Sun Quan, the executive director and former CEO...
Aug 2, 2024


Global accounting body pushes for better climate reporting
A global accounting body proposed guidance for companies to better show the impact of climate change on their financial performance,...
Aug 1, 2024


Liquidators appointed for Tahoe Life following regulatory probe
Several liquidators from Deloitte have been appointed for Tahoe Life, a Chinese-controlled insurer, following regulatory investigations...
Jul 31, 2024


Investors welcome South Korea’s inheritance tax reduction
South Korea’s plan to lower its inheritance tax for the first time since 1995 could stimulate the economy and stocks, say investors. The...
Jul 30, 2024


China expands and simplifies foreign investment regulations
China’s central bank and the State Administration of Foreign Exchange have updated the rules for the Qualified Foreign Institutional...
Jul 29, 2024


Indonesia proposes Singapore-style arbitration to attract investors
Indonesia’s Coordinating Maritime Affairs and Investment Minister, Luhut Pandjaitan, has proposed adopting arbitration rules similar to...
Jul 26, 2024


MAS proposes standardised financial rules for all REITs
The Monetary Authority of Singapore (MAS) has released a consultation paper proposing new financial regulations for all Real Estate...
Jul 26, 2024


South Korea detains tech mogul Brian Kim over stock-rigging
South Korean authorities have arrested Kakao Corp founder Brian Kim for alleged market manipulation, marking a significant legal...
Jul 24, 2024


Malaysia’s pension fund launches new stewardship policy
The Employees Provident Fund (EPF) of Malaysia has introduced the EPF Sustainable Investment Stewardship Policy, marking its position as...
Jul 19, 2024


South Korea crypto exchanges boost regulations ahead of new law
South Korean cryptocurrency exchange operators are tightening regulations ahead of the Virtual Asset User Protection Law, effective this...
Jul 18, 2024

