The proposed corporatisation exercise is expected to be completed in the second half of 2022, subject to regulatory approvals and other customary closing conditions.
The country's Revenue Department also plans to strengthen its surveillance of cryptocurrency trading this year.
Annual investment banking fees reached a new all-time high in the region, according to Refinitiv data, demonstrating resilience in face of headwinds such as a tech crackdown, growth slowdown, U.S.-China tensions and more.
He succeeds Brenda Harvey, who returns to the United States to take up a senior role within IBM.
Tighter government COVID-19 restrictions from Saturday already prompting UBS and other banks to re-impose workplace limits.
The global commercial real estate services firm has hired a specialist in the logistics and industrial sector to provide clients with insights into investment opportunities.
Despite continued volatility, Goldman Sachs believes that 2022 will be the year that Bitcoin takes market share away from gold and even overtake the total market size of the traditional safe haven asset over time.
Despite a tech crackdown, mainland China’s ability to tap the Hong Kong market for IPOs is turning out to be less onerous with finalized regulations suggesting that the city will not undergo the same stringency as foreign hubs.
A Swiss court ordered the release of funds seized in a money-laundering probe into the daughter of the late Uzbek president. Switzerland's prosecutor objects to returning the money.
Since the trading suspension of its shares this Monday, Evergrande has been increasingly focused on negotiating with domestic investors of its bonds and wealth management products.
The Swiss bank is reportedly taking a wealthy Middle Eastern politician-prince to court over loans on a $65 million yacht and $47 million London mansion.
Investment research provider Morningstar has appointed a new head of manager research for Europe and Asia Pacific.
HSBC Asset Management has hired an ex-State Street Global Advisors executive to join its exchange-traded fund business.
The bank's CIO office highlighted the «long runway of growth» for the health care sector, said the rise of the Metaverse as our «parallel universe» has come to the fore as Big Tech has rapidly jumped onto the bandwagon.
The global investment firm is bringing its premier China-focused Equity Strategy to Malaysia.
The country's COVID-19 taskforce said closing its Vaccinated Travel Lanes (VTLs) would not stop the spread of Omicron.
A former executive at Taiwanese electronics giant Foxconn has reportedly joined UBS to lead ESG advisory in the Asia Pacific region.
DBS is the latest global bank to exercise caution on emerging market investments in Asia, underlining the need for more policy clarity in China, especially with regards to the internet sector.
The neobank will offer its Commodities wealth product to customers here.
Wealth management technology specialist to build a private banking platform for one of Taiwan's largest commercial banks.
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