China Marks Launch of First Private, Online Bank

06/01/2015

China’s Internet holding company Tencent has launched China’s first private, internet-based bank as a result of a government regulation last year that effectively opened the state-controlled banking industry to private investors.

US Steps Up Probe in Asia amid Tax-Evasion Crackdown

05/01/2015

US authorities would increase their investigations of international tax evasion by US taxpayers in Hong Kong and the rest of Asia following the implementation of the Foreign Account Tax Compliance Act from July last year, lawyers say.

S. Korea’s Financial Chief to Bolster Financial Technology

30/12/2014

Financial Services Commission chairman Shin Je-yoon said he will remove hurdles to the fast-growing financial technology in a bid to boost South Korea’s long-sluggish financial industry.

Singapore to Allow Increased Access to Corporate Bonds

30/12/2014

The Monetary Authority of Singapore said it will propose legislations that will make it easier for companies to offer bonds to retail investors in a bid to boost the bond market.

New Zealand’s FMA to Focus on Governance in Future Regulations

23/12/2014

The Financial Markets Authority cited governance and culture, and issues around conflicts of interest among areas it will apply much of its regulatory effort in the medium-term.

China, Thailand to Establish Yuan Clearinghouses

23/12/2014

China and Thailand agreed to establish yuan clearinghouses to boost commercial ties between the two nations.

Hong Kong Regulator Finds No Evidence of Market Rigging

19/12/2014

The Hong Kong Monetary Authority said it found no evidence of rigging in the city’s foreign exchange benchmark following an investigation into the operations of ten banks.

Hong Kong’s SFC Issues Q2 Report

17/12/2014

The Securities and Futures Commission (SFC) has reaffirmed the statutory civil and criminal liability of initial public offering sponsors for defective prospectuses among the regulator’s main accomplishments in the quarter to September.

Hong Kong Exchanges to Boost RMB Currency Futures with New Incentives

16/12/2014

Hong Kong Exchanges and Clearing is introducing new incentives for market participants in the renminbi futures market to support its development.