BOCHK Asset Management (BOCHK AM) and Fubon Asset Management (Fubon AM) has signed a Memorandum of Understanding (MoU) on a strategic partnership for an exclusive cooperation in investment advisory and business development in the Taiwan region.

Driven by recent client acquisitions in Taiwan, South Korea and Hong Kong, Pictet Asset Management (PAM) has been growing its Asian business, especially in emerging market debt.

Union Bank of Taiwan has recently obtained full branch status in Hong Kong.

JPMorgan Asset Management expects to see attractive opportunities in the Greater China markets in 2012, particularly in consumption and banks in China, while paring back property and financial holdings in Hong Kong and Taiwan.

Taiwan’s regulator recently announced that overseas branches of commercial banks are now allowed to invest in securities issued by government or corporations in Mainland China.

Taiwan’s Securities and Futures Bureau has clearly defined the range of foreign securities and derivatives that brokers can buy, releasing the rankings of the issuers or guarantors for foreign stock exchanges, government bonds and corporate bonds.

Bank of East Asia has announced that its Taiwan offshore banking unit has launched RMB services.

Bank SinoPac has been fined NT$2 million (US$65,000) for providing to a subsidiary information about clients who have been registered as unwilling to be the target of co-marketing.

Taiwan’s Securities and Futures Bureau has announced plans to amend relevant guidelines to reduce the requirements for securities companies which want to enter the wealth management business.

Citibank is expanding in Greater China by launching Citibanking in China and a new wealth management proposition in Taiwan.

Calvin Tso of HSBC reveals some of the key developments and changes underway in Taiwan’s wealth management industry – especially regulatory trends and their implications for products and sales practices.

The asset management arm of UK insurer Aviva has been granted a license to sell funds to retail and institutional investors in Taiwan, the firm looks to expand its business in Asia.

Bank of East Asia (BEA) is planning to expand its wealth management offering in Taiwan, hiring Wang Boxin as chairman of its local business.

UBS is inviting applications for its 2010 Wealth Management Associate Program in Asia Pacific, with the aim of providing a foundation for young talent in the region seeking a career in the industry.