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AS fines SG firm over suspicious transactions

The Monetary Authority of Singapore (MAS) fined Atrium Asia Investment Management (AAIM) SGD1.9m for violating anti-money laundering and...

Oct 30

FAMILY OFFICES

New AI policy to attract family offices to Hong Kong

Hong Kong is introducing a policy framework to promote responsible AI adoption in financial services, a move expected to attract family...

Bangkok Bank eyes virtual licence with key partners

Oct 30

Bangkok Bank eyes virtual licence with key partners

Bangkok Bank (BBL) is optimistic about securing a virtual bank licence, leveraging the capabilities of its consortium partners. The...

Oct 29

ECONOMY

Singapore’s digital economy grows 6.6% in 2023

Singapore’s digital economy expanded 6.6% in 2023, contributing SGD113bn, or 17.7% of GDP, according to the Infocomm Media Development...

Hong Kong eyes AI in finance, extends crypto tax breaks

Oct 29

Hong Kong eyes AI in finance, extends crypto tax breaks

Hong Kong introduced its first policy guidelines on AI in finance and floated a tax break for virtual assets, aiming to bolster its...

Global ETF market sets new record with 1,426 launches

Oct 29

Global ETF market sets new record with 1,426 launches

The global ETFs industry saw a record 1,426 new product listings in the first nine months of 2024, according to ETFGI. After accounting...

Citi’s family office head joins Goldman Sachs in Singapore

Oct 29

PEOPLE MOVES

Citi’s family office head joins Goldman Sachs in Singapore

Goldman Sachs has appointed Jonathan Gan as an executive director in its alternatives capital markets group in Singapore, according to...

AIA prepares to open branch in China’s Anhui province

Oct 28

AIA prepares to open branch in China’s Anhui province

AIA Group has secured approval from China’s National Financial Regulatory Administration Anhui Bureau to prepare for the launch of a new...

Hong Kong, Thailand collaborate on tokenisation projects

Oct 28

Hong Kong, Thailand collaborate on tokenisation projects

The Hong Kong Monetary Authority (HKMA) and the Bank of Thailand (BOT) have announced a collaboration to explore cross-border...

OCBC Malaysia pushes ‘double green’ investment banking strategy

Oct 28

OCBC Malaysia pushes ‘double green’ investment banking strategy

OCBC Malaysia, encompassing OCBC Bank (Malaysia) Bhd and OCBC Al-Amin Bank Bhd, is embracing “double green” as its investment banking...

SK chief Chey Tae-won to lead 2025 APEC CEO summit

Oct 28

PEOPLE MOVES

SK chief Chey Tae-won to lead 2025 APEC CEO summit

SK Group Chairman Chey Tae-won will preside over the 2025 APEC CEO Summit, held alongside the APEC leaders’ summit in South Korea, the...

Hong Kong hosts three major regional finance events in last week of October

Oct 25

Hong Kong hosts three major regional finance events in last week of October

The final week of October sees Hong Kong attract regional and international asset managers and private wealth executives with three...

Global risks prompt calls for portfolio diversification

Oct 25

Global risks prompt calls for portfolio diversification

Global economic risks are mounting due to the US election, China’s uncertain economic recovery, and broad geopolitical tensions,...

Cybersecurity failures leave Hong Kong's financial system vulnerable

Oct 25

Cybersecurity failures leave Hong Kong's financial system vulnerable

Hong Kong’s financial institutions are facing mounting challenges as investigations expose significant gaps in Anti-Money Laundering...

IMF projects 6.1% growth for Vietnam in 2025

Oct 25

ECONOMY

IMF projects 6.1% growth for Vietnam in 2025

The International Monetary Fund's (IMF) updated World Economic Outlook 2025 projects Vietnam's economy to grow by 6.1% next year,...

Taiwan FSC eyes rule revisions after banks, insurers complain

Oct 25

Taiwan FSC eyes rule revisions after banks, insurers complain

Taiwan’s Financial Supervisory Commission (FSC) is reviewing its regulations following criticism from local banks and insurers over...

South Korea to maintain investor ties ahead of WGBI debut

Oct 24

South Korea to maintain investor ties ahead of WGBI debut

South Korea will maintain close communication with global investors to ensure a smooth inclusion in the World Government Bond Index...

Hong Kong targets unlicensed auditors in new crackdown

Oct 24

Hong Kong targets unlicensed auditors in new crackdown

Hong Kong will introduce two new measures by March aimed at curbing unlicensed auditors and agents, Secretary for Financial Services and...

China conducts first SFISF operation worth CNY50bn

Oct 24