Odaily Planet Daily News: Singapore's regulatory loopholes were exposed by a 3 billion yuan money laundering case. In response, the government is taking a series of actions to strengthen supervision, including strict scrutiny of family offices and hedge funds, and vigorously cleaning up inactive family offices. The new regulations require family offices to invest at least 10% of their total assets under management or 10 million Singapore dollars (whichever is lower) in local investments, including unlisted companies, private equity and qualified debt securities. (Caixin)