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FINANCE Saturday, 26 September 2015 15:58

New Zealand P2P Lender Harmoney Raises $200 Million

Harmoney Corp Limited, Australasia's largest and fastest growing peer to peer lending marketplace, today announced that the company has completed a $200m funding round, led by P2P Global Investments PLC (P2PGI) managed by Eaglewood Europe LLP (a subsidiary of...

FINANCE Saturday, 26 September 2015 15:56

Swiss Attorney General Opens Criminal Proceedings Against The President Of FIFA

News broke last night that will today be reverberating across the numerous football associations around the whole of APAC. In a bombshell announcement late night Asian time the Office of the Attorney General of Switzerland (OAG) issued the following statement: The Office of...

FINANCE Friday, 25 September 2015 14:55

Manulife Completes Purchase Of HK$4.5 Billion Manulife Tower In Hong Kong

Manulife (International) Limited has announced it has completed the purchase of Manulife Tower. Developed by Wheelock Properties, the 21-storey building is located at 83 Hoi Bun Road, Kowloon East. The deal to purchase the block was done in 2013 and the price of...

FINANCE Friday, 25 September 2015 14:54

RBS Transfers Indian Private Banking Business To Sanctum Wealth

The Royal Bank of Scotland N.V. India has signed an agreement to transfer the India Private Banking business to Sanctum Wealth Management Private Limited (“Sanctum Wealth”). The transaction comprises onshore client relationships and the associated staff. Sanctum...

FINANCE Friday, 25 September 2015 14:52

China’s Banks To Require More Office Space In Hong Kong And Singapore

Since the beginning of the millennium, mainland enterprises have been encouraged to invest overseas by the Chinese central government under its “Going Out” policy as part of the government’s strategy to internationalise its economy. The pace of “going out” has...

FINANCE Friday, 25 September 2015 14:51

Azerbaijan’s State Oil Fund Acquires Landmark Ginza Property

The State Oil Fund of Azerbaijan (Sofaz) and Mitsubishi UFJ Trust and Banking Corporation have jointly acquired a landmark retail property Kirarito Ginza in Tokyo, Japan for ¥52.3 billion. Kirarito Ginza is located in Chou Avenue, Ginza, which is the most...

FINANCE Thursday, 24 September 2015 14:57

Is A Chinese Shadow Falling Over Asia?

China is trying to find a way to achieve healthier, more sustainable growth, but this is not completely painless for its economy – or for those of its neighbours. According to Coface estimates, growth is unlikely to exceed 6.7% in 2015 and 6.2% in 2016, compared...

FINANCE Thursday, 24 September 2015 14:56

Expats Vote Singapore Best Place To Live And Work

Singapore takes the top spot in the eighth Expat Explorer country league table, with expatriates praising the opportunities for career development, appealing salaries and an excellent quality of life. Over a quarter (28%) of expats in Singapore earn more than...

FINANCE Thursday, 24 September 2015 14:55

Chinese Group To Support €1.6b Of Real Estate Projects In Northern England

Three major property schemes in Leeds, Sheffield and Greater Manchester with a gross value of £1.2bn and the potential to create 18,000 jobs are to receive substantial Chinese investment, UK Chancellor George Osborne has said. Osborne has been visiting Urumqi in...

FINANCE Thursday, 24 September 2015 14:53

Mizuho Inks Deal With Chinese Developer For Japanese Real Estate Investment

Japan's Mizuho Financial Group Inc. and major Chinese real estate developer Greenland Holding Group Co have concluded a business partnership. Greenland Holding Group one of China’s most prolific overseas real estate investors is committed on adding another...

FINANCE Wednesday, 23 September 2015 17:35

Citigroup Challenges UBS in Asia

UBS is the biggest manager of assets belonging to private investors in Asia. The No. 2, Citigroup, wants to take the top spot from the Swiss bank and has changed its strategy to achieve this goal.

FINANCE Wednesday, 23 September 2015 14:53

Aberdeen Asset Management Granted WFOE Licence - Signals Long-Term Ambition In China

China has granted Aberdeen Asset Management (‘Aberdeen’), the UK-based asset manager, a Wholly Foreign-Owned Enterprise (WFOE) business licence. The announcement comes as UK Chancellor of the Exchequer, George Osborne, leads a trade delegation to China. The...

FINANCE Wednesday, 23 September 2015 14:51

Professional Moves Around APAC – Midweek Roundup September 23rd

There has been another burst of senior moves across the wealth management and related sectors in the region; we have listed a selection below: In Hong Kong: Credit Suisse announced that John Woods has joined Credit Suisse as Chief Investment Officer Asia Pacific...

FINANCE Wednesday, 23 September 2015 14:50

CBRE Launches Report On Thu Thiem – The Pudong Of Ho Chi Minh

CBRE Vietnam has published a report on the Thu Thiem New Urban Area, the planned new financial and commercial centre for Ho Chi Minh City (HCMC). In addition to highlighting, the significant potential positive impact of planned developments in Thu Thiem, the...

FINANCE Wednesday, 23 September 2015 14:49

New High Speed Trading For Tokyo Stock Exchange

The Tokyo Stock Exchange (TSE) has decided to launch new arrowhead, the trading system for the cash equity market, on September 24 (Thu.) as planned after confirming migration operations for arrowhead renewal. The required upgrade comes as a reaction to a sharp...

FINANCE Tuesday, 22 September 2015 14:50

Australian Smartphone Users Predict Nation Will Be Cash Free By 2022

New research from Westpac has revealed Australians believe we are quickly becoming a cashless society, predicting Australia will be cash free1 by 2022. The Westpac Cash Free Report found four in five (79 per cent) Australians agree making all electronic payments...

FINANCE Tuesday, 22 September 2015 14:49

ANZ Expands In China

ANZ China has announced a further milestone in its expansion with the establishment of a new branch in Qingdao, affiliated to Shandong Province and one of the most vibrant open coastal cities in China. Speaking at the Qingdao branch opening, ANZ Chief Executive...

FINANCE Tuesday, 22 September 2015 14:48

J.P. Morgan Asset Management Launches Insights App For Android In Asia Pacific

J.P. Morgan Asset Management (“JPMAM”) yesterday announced the launch of its J.P. Morgan Insights App1 (the “App”) on tablets for Android in Asia Pacific following the successful launch of the App on the iPad last year. This important extension underscores the...

FINANCE Tuesday, 22 September 2015 14:47

Euronext Partners With Shanghai Stock Exchange On Market Data

Euronext has announced a partnership with the Shanghai Stock Exchange (SSE) to enhance the promotion and marketing of its cash, derivatives, commodities and index data in the People’s Republic of China. SSE Infonet, a wholly owned subsidiary of the Shanghai Stock...

FINANCE Monday, 21 September 2015 23:24

Asian Customers Leave Free Reign to Asset Managers

Asian clients tend to take bigger risks with their money than their European counterparts and they prefer to keep the reigns in their hands. Having been hit by the Chinese market upheaval, the tide is turning: Private banks see their mandates soaring.

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