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South Korea has established a high-level task force aimed at overhauling the nation’s financial transaction regulations and reinforcing the domestic framework against illicit capital flows. Authorities confirmed that entities failing to comply with reporting obligations under current legal statutes may face administrative fines of up to 100 million won for non-compliance. Officials stated that the initiative directly responds to the growing complexity of transborder financial

Police in eastern China’s Zhejiang province have taken Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, into custody as authorities investigate alleged mismanagement following defaults on multibillion-yuan wealth management products issued by a firm under his control. The move represents the latest crackdown on mainland China’s shadow banking sector, continuing years of government efforts to regulate and clean up the industry. Haichang, mainland China’s large

India’s online gaming industry remains mired in legal limbo after the Supreme Court deferred hearing challenges to the country’s sweeping real-money gaming (RMG) ban until January 2026, prolonging a crisis that has already brought much of the sector to a halt. Gaming companies had pressed the judiciary for urgent relief against legislation that has effectively frozen their operations nationwide. However, their petitions will not be taken up in the near term. On December 11, a

Malaysia has significantly strengthened its anti-money laundering framework, particularly in its legal structures and supervisory mechanisms, marking a crucial development since the country’s 2015 mutual evaluation. Assessments by the Financial Action Task Force (FATF) and the Asia/Pacific Group on Money Laundering (APG) noted that while Malaysia has the capacity to manage complex, high-profile cases, persistent challenges remain in successfully prosecuting money laundering c

Vietnam’s Ministry of Finance has issued an impact assessment for a draft decree intended to replace Decree 03/2017 on casino operations, a move that local outlet VietnamNet reports is aimed at clearing long-standing regulatory hurdles and bringing the legal framework into alignment with current national laws. The release comes shortly after two landmark decisions: the government’s approval of permanent locals gaming at Phu Quoc’s Corona Resort & Casino and the authorisation

The Asian Infrastructure Investment Bank (AIIB) has successfully completed a public Hong Kong dollar-denominated bond issuance, raising...

Hong Kong stocks climbed on Monday, positioning the Hang Seng Index for a winning month, as investors responded positively to China's...

China is set to introduce a new wave of reforms to further open its markets, with Hong Kong playing a pivotal role in bridging...

Italian luxury brand Bulgari, part of the LVMH group, is gearing up to expand its store network across mainland China, banking on strong...

Hong Kong stocks continued their upward trajectory for the third consecutive day, hitting a fresh four-month high, driven by ongoing...

Hong Kong stocks rebounded on Thursday, snapping a two-day losing streak, with Xiaomi and AIA driving gains on the back of strong...

Didi Global, the Chinese ride-hailing giant, announced on Wednesday that it achieved record highs in both order volume and transaction...

Hong Kong stocks advanced on Monday, driven by a robust rally in technology shares, building on the biggest gain in two weeks recorded...

Chinese companies are racing to expand globally amid a competitive domestic market and slower consumption at home. Despite cultural...

Foxconn, the Taipei-based supplier for Apple, plans to invest approximately $551 million in two new ventures in Vietnam’s northern...

Hong Kong's largest note-issuing bank, HSBC, and DBS Hong Kong have opted to keep their key lending and deposit rates unchanged. This...

Absa Group, a prominent financial services company in Africa, is intensifying its efforts to forge closer ties with Chinese firms as part...

Hong Kong stocks surged to a 10-month high as Beijing's latest initiatives to rescue the struggling property sector lifted market...

Apple's dominance in China's high-end smartphone market is being challenged by local competitors, particularly Huawei and its spin-off...

Li Auto, a major competitor of Tesla in mainland China, has announced a significant price reduction on all its vehicles, following...