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SEOUL, Aug. 10 (Yonhap) -- Officials from South Koreas and Swedens nuclear regulatory agencies met on Monday to discuss policy and regulatory issues related to high-level radioactive waste disposal and small modular reactors (SMRs). The South Korean Nuclear Safety Commission stated that the meeting in Seoul was part of cooperation between the two countries based on a memorandum of understanding signed in 2014. Sweden is one of the countries with advanced technology for high-level radioactive waste disposal and is the second country in the world, after Finland, to build such a deep geological disposal facility. South Koreas nuclear regulatory agency stated, "We plan to further enhance South Koreas regulatory capabilities for high-level radioactive waste disposal facilities through cooperation with Sweden."The president of the New York Stock Exchange is optimistic about the pipeline of listings in Asia and globally, and believes the global listing boom will continue until 2027.Hong Kong stocks in the new consumption sector showed mixed performance, with Laopu Gold (06181.HK) rising over 7%, Mixue Group (02097.HK) rising over 4%, and Shanghai Auntie (02589.HK) falling over 20%.On August 10th, the highest 7-day annualized yield of Tencent Wealth Managements "Current Account +" was 1.1970%, and the lowest was 0.7060%. The highest 7-day annualized yield of WeChat Pays "Lingqian Tong" was 1.0280%, and the lowest was 0.9010%. The highest 7-day annualized yield of Alipays "Yuebao" was 1.0400%, and the lowest was 0.9010%.On August 10, the National Disaster Prevention, Reduction and Relief Commission and the Ministry of Emergency Management activated a Level IV national emergency response for disaster relief in response to the severe impact of Typhoon Dolphin (No. 13) on Zhejiang Province. A disaster relief working group was dispatched to the disaster area to assess the situation and guide and assist local authorities in disaster relief and assistance work, including disaster statistics and verification, resettlement and relief of affected people, and basic living security.

The Australian Authority Suspends Orders For Two Permanent Investment Funds

Charlie Brooks

Nov 25, 2022 14:27

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Friday, the Australian securities regulator ordered a unit of asset management firm Perpetual Ltd to temporarily halt promoting or delivering two products to individual investors due to elevated market risks.


Perpetual is aiming to conclude a deal with EQT-owned Barings Private Equity Asia (BPEA) and Regal Partners, while being compelled by the court to launch its own takeover proposal for rival Pendal Group.


The Australian Securities & Investments Commission (ASIC) has ordered Perpetual Investment Management's Perpetual Pure Microcap Fund and Perpetual Geared Australian Share Fund to halt distributing interest and giving advice to retail investors for 21 days.


According to the regulator, the portfolios of the funds are exposed to extreme market volatility and carry substantial risks, increasing the potential that investors would sustain enormous losses.


"ASIC issued the interim measures to protect retail investors from engaging in funds that may not be appropriate for their financial objectives, circumstances, or needs," the regulator noted.


"The Australian Securities and Investments Commission is concerned that Perpetual did not appropriately consider these features and risks when choosing the wide target markets for the products."


The government expects Perpetual to take "immediate measures" to ensure compliance.


Reuters requested a response from Perpetual but did not receive a prompt reply.

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