UBS has made a series of senior hires and internal promotions on its foreign exchange desk in Tokyo as it seeks to capitalise on Japan’s resilient currency flows. (Finance Asia)

China has signed off a set of rules for its small but booming wealth management sector to temper rapid growth and prevent banks from exploiting loopholes to beat regulation.
More than just an area of growth, China’s wealth industry has been used by banks to attract deposits and skirt lending restrictions, much to the chagrin of the central government which wants to control lending to manage inflation. (Shanghai Daily)

Job applicants are lying about their employment history, with those in the IT as well as banking and financial services among the biggest culprits. According to First Advantage, a provider of employment screening solutions, the proportion of employees misrepresenting their qualifications on their resume in Asia Pacific rose to 4.4 per cent this year from 3.2 per cent last year. (Asia One)

With its high trading costs, aging technology and history of bucking a decade-long consolidation trend, Hong Kong’s stock-exchange operator stands out among its global peers. Yet it is the envy of many because it has something exchanges in the world’s other leading financial markets lack: a tight link to China. ( Wall Street Journal)

Results from Sotheby’s autumn auctions series in Hong Kong show that the international art market is proving resilient in the face of serious concerns over the outlook of the global economy. (Financial Times)