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Malaysia to ease foreign ownership rule for insurers

By: Pedro Goncalves | 18 Oct 2018

Malaysia is getting ready to review its foreign ownership rule for insurers as the new goverment looks to roll back several of the previous economic reforms that…

HSBC set to become first foreign firm to float on Shanghai exchange

By: Christopher Copper-Ind | 18 Oct 2018

London-headquartered HSBC Holdings looks likely to become the first foreign company to trade on a Chinese stock exchange as part of a long-planned partnership between the Shanghai…

Singapore ranks second in global competitiveness study

By: Pedro Goncalves | 18 Oct 2018

A new World Economic Forum (WEF) ranking for the most competitive and innovative economies ranked Singapore in second place worldwide, just behind the United States. A total…

Surge in Hong Kong cybercrime makes 2 million victims

By: Pedro Goncalves | 18 Oct 2018

The number of fraudulent banking websites reported in Hong Kong has surged this year, with over two million Hongkongers thought to have been affected by cybercrime. In…

HSBC Singapore names veteran banker as new chairman

By: Pedro Goncalves | 17 Oct 2018

HSBC Singapore has appointed Mukhtar Hussain as its chairman and director, as the bank mounts an aggressive push to tap the burgeoning wealth in Asia and looks…

Mumbai-based IIFL Wealth Management acquires Wealth Advisors

By: Pedro Goncalves | 16 Oct 2018

IIFL Wealth Management Limited has acquired Wealth Advisors India, a Chennai based wealth management firm in a $35m deal. Wealth Advisors, will become a wholly owned subsidiary…

Japan obtains 400,000 overseas account details

By: Pedro Goncalves | 15 Oct 2018

The National Tax Agency of Japan has gathered details on 400,000 overseas bank accounts held by Japanese nationals in about 50 countries in a bid to fight…

Financial crime costs global economy $2.4trn each year

By: Pedro Goncalves | 15 Oct 2018

Over 49% of businesses in Asia-Pacific had been victims of financial crime over the past 12 months according to a report by Refinitiv as financial crime costs…

54% expats confident about building personal wealth in India

By: Pedro Goncalves | 15 Oct 2018

More than half of the expats living in India are confident about building their personal wealth during their stay in the country, a survey has revealed. Lower…

Hong Kong seeks to attract family offices, rivaling Singapore

By: Pedro Goncalves | 11 Oct 2018

Hong Kong’s Private Wealth Management Association (PWMA) is pushing for changes in the domestic tax regime as it proposes four tax policy initiatives to attract family offices.…

Expats earn $21,000 more by moving abroad: HSBC survey

By: Pedro Goncalves | 11 Oct 2018

The average expat adds an extra $21,000 to their annual salary by moving overseas, with the best-paid staff found in Switzerland, the US and Hong Kong, according…

Ping An hires former OMGI’s Asia head Carol Wong

By: Pedro Goncalves | 10 Oct 2018

Carol Wong, the former Asia head of Old Mutual Global Investors (OMGI) has joined Ping An Asset Management in Hong Kong, as part of the Chinese firm’s…

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