

Hong Kong set to exceed family office target
Hong Kong is on track to surpass its target of attracting over 200 large family offices by year-end, Secretary for Financial Services and...
Mar 27


Hong Kong to host wealth summit amid global push
Hong Kong will host the third Wealth for Good in Hong Kong Summit on March 26, highlighting its role as a global wealth management hub....
Mar 27


PE deals in Asia rebound in 2024
Private equity (PE) deal activity in Asia-Pacific rose 11% to USD176bn in 2024, driven by a surge in buyout transactions, global...
Mar 27


HSBC names new Asia investment banking head
HSBC has promoted Chito Jeyarajah as head of investment banking in Asia, effective April 1, the bank confirmed. Jeyarajah, currently head...
Mar 27


Hong Kong's low tax regime, good education attract family offices
Hong Kong’s low-tax regime, capital market depth, and Greater Bay Area links give it an edge over rivals like Singapore and Tokyo,...
Mar 26


Indonesia's USD900bn fund unveils high-profile advisory team
Indonesia’s new sovereign fund Danantara unveiled a high-profile advisory team including Ray Dalio, Jeffrey Sachs, and former Thai...
Mar 26


Vietnam banks raise capital to meet Basel III
Vietnamese banks are accelerating stock dividend payouts to boost charter capital and meet Basel III capital adequacy standards, industry...
Mar 26


Malaysia's e-payments surge in 2024
Malaysia is on track to meet its 2022–2026 Financial Sector Blueprint target as e-payment usage surged in 2024, the country's central...
Mar 26


Malaysia set to boost capital market through family offices
Malaysia is strengthening its capital markets through policies supporting family offices, the Securities Commission (SC) said in its 2024...
Mar 25


South Korea eyes tougher rules for financial firms
South Korea’s Financial Supervisory Service (FSS) said it will strengthen oversight of banks and financial firms following revelations of...
Mar 25


Malaysia's central bank to continue monitoring digital assets
Bank Negara Malaysia (BNM) will continue monitoring digital assets in 2025 but reiterated it has no plans to recognise cryptocurrencies...
Mar 25


Philippines is now VAT-free for tourists
Philippine officials signed the implementing rules and regulations (IRR) for Republic Act 12079, enabling value-added tax (VAT) refunds...
Mar 25


BNP Paribas moves sustainability chief from Hong Kong to Singapore
BNP Paribas has appointed Eric Tran as chief sustainability officer for global banking APAC, relocating him from Hong Kong to Singapore....
Mar 24


Vietnam raises foreign ownership cap to 49% for some banks
Vietnam has raised the foreign ownership cap to 49% from 30% for select banks that have absorbed struggling lenders, aiming to accelerate...
Mar 24


Citi launches philanthropy solutions for Asia’s ultra-rich
Citi Private Bank has launched new philanthropy advisory solutions in Asia, starting in Singapore, to support ultra-high-net-worth...
Mar 24


Ontario Teachers’ Pension Plan to shut HK office, shift focus to Singapore
Ontario Teachers’ Pension Plan will shut its Hong Kong office as it reduces exposure to China, sources said. The Canadian fund, managing...
Mar 24

Macau to host exclusive family office summit in May
BEYOND Expo will host the BEYOND Wealth Summit 2025 on May 23-24 in Macau, in partnership with the Asian Family Legacy Foundation (AFLF)...
Mar 21


South Korea to ease M&A rules for savings bank
South Korea’s financial regulator announced measures to boost savings banks, including easing M&A rules and revising loan classification...
Mar 21


Prudential to sell Taiwan unit to E.Sun
E.Sun Financial Holding Co will acquire a 91.2% stake in PGIM Securities Investment Trust Enterprise, Prudential Financial Inc’s Taiwan...
Mar 21


Former CIMB banker accused of defrauding investors in bond scam
Malaysia’s Securities Commission (SC) has charged Lau Min Thung, a former head of dealing at CIMB Investment Bank, with securities fraud...
Mar 21