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HKMC Improves SME Financing Guarantee Scheme 5/25/2012 The Hong Kong Mortgage Corporation Limited has announced that with the
government’s support, it will introduce a new 80% loan guarantee product
under the SME Financing Guarantee Scheme, from May 31, 2012 and for a period
of nine months.
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Hong Kong-London RMB Forum Holds First Meeting 5/27/2012 The private sector-led Hong Kong-London Forum, which was established in January
this year to promote closer collaboration between Hong Kong and London in support
of the wider international use of the renminbi, held its first meeting on
May 22, 2012.
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CEPA Boosts Hong Kong's Industries 5/24/2012 The China/Hong Kong Closer Economic Partnership Arrangement services liberalization measures have boosted the development of Hong Kong’s traditional industries, Financial Secretary John Tsang says.
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Hong Kong Revises Bank Market Entry Criteria 5/17/2012 Amendments to the Banking Ordinance, which seek to update market entry criteria
for Hong Kong's banking sector, will be submitted to the Legislative Council on
May 23 and, subject to its negative vetting, will take effect on July 12, 2012.
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Hong Kong Abolishes Corporate Capital Duty 5/15/2012 The Registrar of Companies, Ada L L Chung, has announced that the capital duty
currently levied on Hong Kong companies will be abolished from June 1, 2012.
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Hong Kong Progresses Arbitration Centre Credentials 5/15/2012 As part of the government's determination to develop Hong Kong into a regional
dispute resolution centre, in particular as an international arbitration hub in
the Asia Pacific, the Secretary for Justice, Wong Yan Lung, has announced a broad
consensus in Hong Kong on the setting up of an industry-led single accreditation
body for mediators.
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Hong Kong Concerned At Operation Of US Volcker Rule 5/14/2012 Following is a question in the Legislative Council, the Secretary for Financial
Services and the Treasury, Professor K C Chan, confirmed that Hong Kong shares
the concerns raised by other financial markets, such as Canada, France, Germany,
Japan and the United Kingdom, over the extra-territorial reach and the implementation
of the United States’ Volcker Rule restrictions.
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Hong Kong Still Sees Problems On Mainland Services 5/11/2012 Secretary for Commerce and Economic Development, Gregory So, has replied to a
question in the Legislative Council regarding the tax and procedural difficulties
being experienced by the Hong Kong services sector in developing business in Mainland
China.
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Offshore Merger And Acquisition Activity Rises 5/9/2012 A new report from Appleby shows that transaction values for mergers and acquisitions (M&A) in major offshore financial centers rose by 25% in the first quarter of 2012.
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Hong Kong Vows To Maintain Stable Property Market 5/8/2012 In a speech to the Oxford and Cambridge Society of Hong Kong, the Financial Secretary
John C Tsang said that the government's initiatives to maintain a stable property
market have been fairly effective, but that it would have “no hesitation
in applying further measures,” if necessary.
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Hong Kong Readies Corporate Disclosure Regime 5/7/2012 Hong Kong’s Securities and Futures Commission and Hong Kong
Exchanges and Clearing Limited have both welcomed the enactment of the
Securities and Futures (Amendment) Ordinance 2012, which,
in particular, establishes a statutory disclosure regime for listed companies.
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Nissan Infiniti Locates Global HQ In Hong Kong 5/4/2012 Invest Hong Kong has used its recent assistance to Infiniti, Nissan
Motor’s luxury car brand, while basing its global headquarters in the city, to highlight
Hong Kong's favoured position as a preferred location for overseas multinationals.
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IRD Issues 2m Individual Tax Returns In Hong Kong 5/3/2012 As Hong Kong’s Inland Revenue Department begins sending
out 2.16m tax returns, the Commissioner of Inland Revenue, Chu Yam-yuen, reminded
individual taxpayers to file their tax returns by June 2, while sole proprietors
of unincorporated businesses have until August 2.
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Hong Kong Will Not Change Depreciation Rules 5/3/2012 In reply to a question in the Legislative Council, Hong Kong’s Secretary
for Commerce and Economic Development, Gregory So, said that the government could
not permit Hong Kong enterprises with import processing subsidiaries in Mainland
China to submit claims for depreciation for machinery used there.
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HKMA Reviews Its Progress In 2011 5/3/2012 In addition to its actions to strengthen further the risk management of banks
through its supervisory actions and countercyclical measures on property mortgages,
the Hong Kong Monetary Authority pointed, in its 2011 Annual Report, to
its support to the further expansion of renminbi market activities in Hong Kong.
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Hong Kong Gazettes Budget Measures 4/30/2012 The Inland Revenue (Amendment) Bill 2012, which aims to implement the concessionary
revenue measures proposed in the 2012-13 Budget, has been gazetted in Hong Kong.
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Hong Kong Signs DTA With Malaysia 4/27/2012 On April 25, in Kuala Lumpur, Hong Kong’s Financial Secretary, John C Tsang,
and the Malaysian Minister of Finance, Ahmad Husni Hanadzlah, signed a comprehensive
double taxation agreement between Hong Kong and Malaysia.
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Bermuda Concludes Marketing Push In China 4/26/2012 Business Bermuda, the promotional agency for the territory's financial services
industry, has concluded a week-long business development and relationship-building
trip in Shanghai and Beijing mirroring the decisions of other small,
low-tax, financial centres targeting the region as a new source of financial services growth.
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Hong Kong Confirms Business Registration Fee Waiver 4/25/2012 The Revenue (Reduction of Business Registration Fees) Order 2012,
which waives Hong Kong’s business registration fees for one year, came into
effect on April 1, 2012, the territory's Inland Revenue Department has confirmed.
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Hong Kong To Trade Renminbi Futures 4/24/2012 Hong Kong Exchanges and Clearing Limited has plans to introduce renminbi currency futures in the third quarter of this year, subject to regulatory
approval and market readiness.
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Hong Kong To Halve Import, Export Charges 4/20/2012 To boost Hong Kong's external trade by lowering transaction costs and thereby
benefiting the import-export sector, the Commerce and Economic Development Bureau
has proposed halving import and export declaration charges.
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Hong Kong, Indonesia DTA Comes Into Force 4/17/2012 It has been announced that the agreement for the avoidance of double taxation, signed between Hong Kong and Indonesia on March 23, 2010, came into force
on March 28 this year, after the completion of ratification procedures on both
sides.
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Hong Kong, Spain DTA Enters Into Force 4/16/2012 The agreement for the avoidance of double taxation, signed between Hong
Kong and Spain on April 1 last year, came into force on April 13, after the completion
of ratification procedures on both sides.
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WTO Members Pressure Argentina On Trade Policy 4/9/2012 At the Council for Trade in Goods meeting on March 30, 2012, fourteen World Trade Organisation members jointly
expressed their deepening concern about Argentina’s import-licensing measures, which were said to have significantly restricted trade flows.
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Hong Kong-Japan DTA Comes Into Effect 4/6/2012 The governments of Japan and Hong Kong have exchanged notes and agreed that the
double taxation agreement between the two countries entered into force on
April 1, 2012.
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World Economic Forum Issues Global ICT Report 4/6/2012 The World Economic Forum, in collaboration with INSEAD, has issued the Global
Information Technology Report for 2012, which is said to be the most comprehensive
assessment of the preparedness of global economies to leverage the networked economy.
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APEC Focuses On Trade And Investment 4/6/2012 The Asia-Pacific Economic Cooperation is moving ahead with cooperative
efforts to evaluate and identify initiatives to support freer, faster and more
beneficial trade in the region that will lead ultimately, it is hoped, to a Free
Trade Area of the Asia Pacific.
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China Expands RMB Overseas Investment Scheme 4/6/2012 After close consultations between Hong Kong’s Securities and Futures Commission, the People's Bank of China and China’s State Administration of Foreign
Exchange, the China Securities Regulatory Commission has announced an expansion
of the Renminbi Qualified Foreign Institutional Investor scheme.
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Hong Kong Issues 2011-12 Tax Returns 4/4/2012 On April 2, Hong Kong’s Inland Revenue Department issued about 170,000
profits tax returns, 120,000 property tax returns and 220,000 employer's returns
for the year of assessment 2011/12, and about 2.16m tax returns for individuals
will be issued on May 2.
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Hong Kong Launches New AML/CFT Regime 4/2/2012 Legislation which was approved by the Legislative Council in June 2011 and which
will enhance the Hong Kong financial sector’s anti-money laundering and counter-financing of terrorism regime went into effect on April 1.
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Hong Kong's Cash Bonus Enters Second Stage 4/2/2012 The Financial Services and the Treasury Bureau has confirmed that the second stage
of Hong Kong’s HKD6,000 cash handout scheme commences on April
1.
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Hong Kong Begins Islamic Bond Tax Consultation 3/30/2012 The Financial Services and the Treasury Bureau has launched a two-month consultation
on the proposed amendments to the Inland Revenue Ordinance and Stamp Duty Ordinance
to promote the development of an Islamic bond, or 'sukuk', market in
Hong Kong.
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Hong Kong Reviews Insurance Sector Developments 3/28/2012 During his remarks to the Hong Kong Federation of Insurers, the Secretary
for Financial Services and the Treasury, Professor K C Chan, reviewed recent developments
in the insurance industry, that have 'played an important part in the development
of financial services in Hong Kong'.
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Hong Kong's SFC Waives Annual Fees 3/27/2012 Hong Kong’s Securities and Futures Commission has announced that the
payment of annual licensing fees will be waived for a two-year period, effective
from April 1, 2012.
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Hong Kong Broadens Investor Base With 'Kangaroo' Bond 3/27/2012 The Hong Kong Mortgage Corporation Limited has hosted the signing ceremony
for its successful launch of an inaugural public issue in Hong Kong of an Australian
dollar “Kangaroo” bond.
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Hong Kong Launches Consultation On Trust Law Reform Bill 3/26/2012 Hong Kong’s government has launched a two-month public consultation on its
draft legislation on trust law reform, which followed the positive responses it
had received from stakeholders in an earlier consultation held in 2009.
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Hong Kong Gazettes Order To Eliminate Capital Duty 3/20/2012 As presaged in the 2012-13 Budget on February 1 this year, the Companies Ordinance
(Amendment of Eighth Schedule) Order 2012, to abolish Hong Kong’s capital
duty levied on local companies, has now been gazetted, Secretary for Financial Services and the Treasury Prof. KC Chan has announced.
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Hong Kong's Insurance Business Continues Growth 3/19/2012 Total gross premiums of Hong Kong’s insurance industry grew by 9% last year
to HKD225.8bn, the Office of the Commissioner of Insurance has announced.
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Hong Kong, Malaysia Set Cross-Border Investment Platform 3/15/2012 It has been announced that a pilot platform on cross-border investment and debt-securities
settlement will be launched on March 30 by the Hong Kong Monetary Authority,
Bank Negara Malaysia and Euroclear Bank.
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Hong Kong To Adopt Basle III Banking Reforms 3/13/2012 Hong Kong’s Banking (Amendment) Ordinance 2012, which empowers the Hong
Kong Monetary Authority to make rules to prescribe the capital, liquidity
and disclosure requirements applicable to authorized institutions, has been gazetted.
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Hong Kong Reviews Plans For Financial Services 3/9/2012 Secretary for Financial Services and the Treasury, Professor K C Chan, has tabled
a plan at the Legislative Council Finance Committee, whereby the
government will continue to work closely with regulators and the industry to foster
the sustained development of the financial services industry in Hong Kong.
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HK Firms Face Chinese Barriers Despite CEPA 3/2/2012 Following questions in Hong Kong’s Legislative Council, the Secretary for
Commerce and Economic Development, Gregory So, has given an assurance that the
government will continue to monitor the operation of market liberalization measures
under the Mainland and Hong Kong Closer Economic Partnership Arrangement.
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Hong Kong Lauds Effectiveness Of Special Stamp Duty 3/2/2012 Hong Kong’s Secretary for Transport and Housing, Eva Cheng, has said that
the special stamp duty, which was introduced in November 2010, has been
effective in curbing short-term property speculative activities.
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Hong Kong's Cash Bonus Enters Second Stage 2/29/2012 Hong Kong’s Financial Services and the Treasury Bureau said the overall
implementation of the HKD6,000 cash handout scheme has been smooth
since its launch, and that Stage 2 will commence on April 1.
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APEC Business Leaders Push Asia-Pac FTA 2/29/2012 The Business Advisory Council of the Asia-Pacific Economic Cooperation is focused on taking further steps towards realizing the goal of an integrated
Asia Pacific economy, and on liberalizing and facilitating trade and investment,
leading ultimately to a Free Trade Area of the Asia Pacific.
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Appleby Set To Launch Shanghai Office 2/28/2012 Appleby, which claims to be the world's largest provider of offshore legal and fiduciary and administration
services, has announced its decision to expand its global reach by establishing
a new representative office in Shanghai, China.
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Hong Kong, Jersey Sign DTA 2/28/2012 On February 24, Hong Kong’s Secretary for Financial Services and the Treasury,
Professor K C Chan (pictured), and Jersey’s Chief Minister Ian Gorst, signed a double
taxation agreement between Hong Kong and Jersey.
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Liechtenstein Ratifies EFTA FTAs With HK, Montenegro 2/20/2012 The Liechtenstein government has ratified the European Free Trade Association free trade agreement with Hong Kong together with a related agreement
on labour standards, and has submitted the agreements to parliament.
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Hong Kong Concludes Short Position Reporting Rules 2/15/2012 Hong Kong’s Securities and Futures Commission has published the conclusions
to its consultation on proposed short position reporting rules, which will now
be submitted to the Legislative Council for consideration.
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Hong Kong Tax Residence Rule Questioned 2/13/2012 Following a question in Hong Kong’s Legislative Council, the Secretary for
Financial Services and the Treasury, Professor K C Chan, has provided numbers
for the Hong Kong residents caught by the 183-day income tax threshold for working
or staying within Mainland China.
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Hong Kong Further Improves SME Financing Guarantee Scheme 2/8/2012 To support small- and medium-sized enterprises during the global economic
slowdown, Hong Kong’s Secretary for Commerce & Economic Development,
Gregory So, has proposed further concessionary measures under the SME Financing
Guarantee Scheme within the first half of this year.
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Hong Kong's DTA Network Expands 2/7/2012 Hong Kong’s double taxation agreement with the Czech Republic, signed
on June 6, 2011, came into force on January 24 this year, while that with Spain,
signed on April 1 last year, will come into effect on April 16, now that ratification
procedures have been completed on all sides.
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Liechtenstein, Hong Kong Cement Economic Ties 2/3/2012 Secretary of Commerce and Economic Development of the Special Administrative
Region of Hong Kong, Gregory So Kam-leung, has recently held talks with
Liechtenstein’s Foreign Affairs Minister Aurelia Frick, during a working
visit to Vaduz, with the talks focussing on the excellent economic relations
between the Principality and the Region.
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Hong Kong To Foster Ties With ASEAN Countries 2/6/2012 According to the Director of the Hong Kong Economic and Trade Office in Singapore,
Fong Ngai, Hong Kong will continue to make the most of its 'China advantage'
and global connectivity to foster economic ties with Association of Southeast
Asian Nations countries in 2012.
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Mourant Ozannes Opens Hong Kong Office 2/3/2012 Leading offshore law firm, Mourant Ozannes, has opened an office in Hong Kong
to provide clients and intermediaries with access to the firm's offshore legal
services in an Asian time zone.
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Hong Kong To Launch Microfinance Pilot Scheme 2/3/2012 The Hong Kong Mortgage Corporation Limited has announced that it will shortly seek approval to launch a microfinance pilot scheme with a trial period of three years, from mid-2012.
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Singapore Tops 'Doing Business' Index 2/3/2012 The World Bank report, ‘Doing Business 2012’, the ninth in an annual
series, ranks 183 economies on their ease of doing business, and reports a general
improvement in the global business regulatory environment.
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Hong Kong To Set Up Insurance Fund 2/2/2012 Hong Kong’s government has announced the consultation conclusions and final
proposals on the proposed establishment of an insurance policyholders' protection
fund.
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China Pushes Shanghai As International Financial Centre 2/2/2012 China’s National Development and Reform Commission and the Shanghai Municipal
Government have disclosed that it is intended that Shanghai will be a centre
for onshore renminbi trading, clearing and pricing by 2015, before it becomes
an international financial centre by 2020.
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Hong Kong Reduces Taxes To Support Growth 2/2/2012 Hong Kong’s Financial Secretary, John C Tsang, has unveiled a 2012/13 Budget
which proposes a wide range of tax concessions aimed at supporting businesses
and individuals, who face a possible global economic slowdown.
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Hong Kong To Implement AML Guidelines 2/1/2012 Following the release of a set of consultation conclusions, Hong Kong’s
Securities and Futures Commission has announced the gazetting of a new set
of guidelines on anti-money laundering and counter-terrorist financing,
which will take effect on April 1, 2012.
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WTO To Ease LDC Accession Requirements 1/27/2012 The Sub-Committee on Least Developed Countries, on January 20, agreed to start
work on developing recommendations to “further strengthen, streamline and operationalize”
current guidelines on the accession process of LDCs, as called for in a decision
by the Eighth WTO Ministerial Conference last month.
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InvestHK Assists Record Number Of Companies 1/23/2012 Invest Hong Kong has announced that it assisted 303 overseas and mainland
Chinese companies to set up or expand in Hong Kong in 2011 - the 11th consecutive
year that it has beaten its annual target for the number of completed projects.
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Hong Kong Plugs Its Private Equity Advantages 1/20/2012 In a speech at the Asia Private Equity Forum 2012 in Hong Kong, the Financial
Secretary, John C. Tsang, confirmed that private equity is an important component
of Hong Kong's asset management business, as Asia has become a magnet for venture
capital investment, largely on the back of developments in mainland China.
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Hong Kong To Relax Listing Rules For Chinese Firms 1/19/2012 At the Asian Financial Forum, held in Hong Kong, the vice-chairman of the China
Securities Regulatory Commission, Yao Gang, has indicated that overseas
listing rules will be relaxed this year.
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Joint HK-UK RMB Forum Launched 1/18/2012 The Hong Kong Monetary Authority and the United Kingdom Treasury have announced
the launch of a joint private-sector forum to enhance cooperation between Hong
Kong and London on the development of offshore renminbi business.
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Hong Kong Issues Advice On RMB Investment Products 1/17/2012 Hong Kong’s Securities and Futures Commission has published a list
of frequently asked questions on its website to help investors understand the
key features and risks specific to a new class of investment products which directly
invest in mainland China’s bond and equity markets.
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Hong Kong Consults On Waste Disposal Charges 1/16/2012 On January 10, 2012, Hong Kong’s Environmental Protection Department announced the launching of a consultation on whether or not the government should introduce charging for the disposal of municipal solid waste, in an effort to reduce its generation.
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Hong Kong Remains World's Freest Economy 1/13/2012 For the 18th consecutive year, Hong Kong maintained its position as the world’s
freest economy, according to the 2012 Index of Economic Freedom, published annually
by The Heritage Foundation.
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Hong Kong Property Deals Down Sharply 1/12/2012 The Land Registry of Hong Kong has announced that it recorded 108,814 sale and purchase agreements for all building units for 2011, down 33.1% year on year and down 18.8% when compared with 2009.
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Hong Kong Company Registrations Hit New Record 1/10/2012 The number of local companies newly registered with the Hong Kong Companies Registry in 2011 hit a record high of 148,329, an increase of 6.31% from 2010, as business owners rushed to take advantage of a registration fee waiver scheme which expired in August.
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Hong Kong, Shanghai Enhance Financial Co-operation 1/9/2012 Following the signing in 2010 of the Memorandum of Understanding Concerning Advancing
Hong Kong-Shanghai Financial Co-operation, officials held their second working
meeting on January 6, 2012, in Shanghai, to enhance financial co-operation between
the two places.
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HK Chief Regrets Inability To Cut Corporate Tax 1/6/2012 Hong Kong’s Chief Executive Donald Tsang has expressed his regret that,
due to the current risks arising out of the global economic situation, he will
be unable to fulfill his pledge, made in 2007, to reduce the rate of profits tax
to 15% before his term of office ends in June this year.
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US Busts Extensive Panamanian Money-Laundering Racket 1/3/2012 The US Department of the Treasury's Office of Foreign Assets Control has announced
a major crackdown on an extensive money laundering network based primarily in
Panama, which includes several money exchange businesses based in the nation.
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IRD Warns On Consequences Of Delaying Hong Kong Tax Payments 12/29/2011 Hong Kong’s Inland Revenue Department has advised taxpayers to pay
promptly their tax assessed for the 2010/11 fiscal year, which is generally falling
due in the coming January.
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HKMA Welcomes First RMB Bond Issue By Chinese Bank 12/26/2011 The Hong Kong Monetary Authority has welcomed the announcement by the China
Development Bank of its forthcoming issuance of renminbi bonds in
Hong Kong through the bond tendering platform of HKMA’s Central Moneymarkets
Unit.
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Hong Kong, Chile To Begin FTA Negotiations 12/21/2011 It has been confirmed that Hong Kong and Chile have agreed to start negotiations
on a comprehensive bilateral free trade agreement early in 2012.
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Hong Kong Gazettes IPR Tax Deduction Extension Act 12/20/2011 Hong Kong’s Inland Revenue (Amendment) (No. 3) Ordinance 2011, which implements the proposed profits tax deduction for capital expenditure
incurred on the purchase of copyrights, registered designs and registered trademarks,
was gazetted on December 16, 2011.
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Hong Kong Discusses Tax Support For SMEs 12/16/2011 In his reply to a question in the Legislative Council, Hong Kong’s Secretary
for Commerce and Economic Development, Gregory So, confirmed that the government
would, in formulating the 2012-13 Budget, consider whether further measures were required
to help small and medium-sized enterprises to overcome the challenges faced
in the current economic environment.
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China, Hong Kong Sign CEPA Supplement VIII 12/16/2011 The Hong Kong and Chinese governments have agreed to boost their economic and
trade co-operation by signing the eighth Supplement under their bilateral Closer
Economic Partnership Arrangement.
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 |
Tokyo Tops Cost League For Expat Workers 12/15/2011 Tokyo remains the most expensive city in the world for international assignees as the rising value of the
yen continues to put upward pressure on the cost of living in the country, according
to a new report.
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Hong Kong Rated Leading Financial Centre 12/15/2011 The World Economic Forum has disclosed that Hong Kong has overtaken the United
States and the United Kingdom to top its 2011 fourth annual Financial Development
Report.
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 |
Singapore Tops Asia-Pac 'Good Governance' Index 12/14/2011 Vriens and Partners, an Asia-focused corporate advisory firm, has issued its 2011
‘Good Governance for International Business’ index of 19 economies
in the Asia-Pacific region, in which Singapore has edged out Hong Kong for the
number one position.
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Hong Kong's Inward FDI Soars 12/13/2011 Recently released figures show that, at the end of last year, the stock of Hong
Kong's inward foreign direct investment increased by 16.7% from a year earlier,
to almost HKD8.5 trillion (USD1.09 trillion) at market value.
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Jersey Finance Welcomes New Tax Pacts 12/13/2011 Jersey Finance, the promotional agency for the island’s financial services industry, has welcomed the signing of two tax cooperation agreements with Japan and Poland and the commencement of negotiations with Hong Kong towards a double tax avoidance pact.
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Hong Kong Grows As International Arbitration Centre 12/12/2011 In a recent address in Seoul, Hong Kong’s Secretary for Justice, Wong Yan
Lung, has expressed the government's determination to develop Hong Kong into a
regional dispute resolution centre, in particular as an international arbitration
hub in the Asia Pacific.
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Chan Defends Tax Rules For HK Frontier Workers 12/9/2011 A week after he had confirmed that a change in tax rules for cross-border workers
between Hong Kong and Mainland China was not currently under consideration, Hong
Kong’s Secretary for Financial Services and the Treasury, Professor K C
Chan, has had to reiterate to the Legislative Council that the decision would
not be changed.
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Jersey Litigation Fund Breaks New Ground 12/5/2011 Offshore law firm Carey Olsen has broken new ground with the first ever listing of a litigation fund
on the Channel Islands Stock Exchange after it advised Argentum Capital
Limited on the Jersey legal aspects of its multimillion-pound listing.
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Hong Kong, France DTA Comes Into Effect 12/5/2011 The double taxation agreement between Hong Kong and France, which was originally
signed by Hong Kong’s Financial Secretary, John C Tsang, and the then French
Minister of Economy, Industry and Employment, Christine Lagarde, on October 21,
2010, came into effect on December 1, 2011.
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Hong Kong Plugs Its Services For Emerging Economies 11/30/2011 Financial Secretary, John C Tsang, speaking at the recently-held 2nd
Annual Emerging Markets Conference, said that Hong Kong, so as to achieve a more
diversified business portfolio, will continue to strengthen trade and investment
co-operation with emerging economies.
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 |
Switzerland Adopts Four DTAs 11/29/2011 Switzerland’s Federal Council has adopted texts for four further
double taxation agreements, which will now be submitted to parliament
for approval.
|
 |
Guernsey Seeks Listings On Shenzhen Exchange 11/30/2011 A delegation from Guernsey has visited Shenzhen, China, to engage with policymakers
on the prospect of Guernsey companies listing on the local stock exchange.
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No Tax Rule Change For Hong Kong's Frontier Workers 11/30/2011 In a written reply to a question in the Legislative Council, the Secretary for
Financial Services and the Treasury, Professor K C Chan, confirmed that the Hong
Kong and Mainland China tax authorities were not, currently, considering a change
in tax rules for cross-boundary workers.
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Hong Kong Looks At Narrow Tax Base 11/29/2011 In his written response to a question in the Legislative Council, the Secretary
for Financial Services and the Treasury, Professor K C Chan, confirmed that the
government is building reserves to cater for the longer term needs that could
arise from Hong Kong’s ageing population, taking into account the SAR's narrow tax base.
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Hong Kong, China Renew Currency Swap Agreement 11/25/2011 It has been announced that the People's Bank of China and the Hong Kong
Monetary Authority have signed a renewed currency swap agreement for a
term of another three years, with its size expanded to RMB400bn.
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China Pushes For Faster Asian Trade Liberalization 11/22/2011 China’s Premier Wen Jiabao, in his speech to the 14th Association of Southeast
Asian Nations Plus Three Summit in Bali on November 18, 2011, proposed
that the participating countries should look to accelerate and deepen regional
trade liberalisation and facilitation.
|
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APEC Approves Cross-Border Privacy Rules 11/18/2011 The Asia-Pacific Economic Cooperation group has approved a new initiative to harmonize cross-border data privacy protection, which is designed to enhance the protection of consumer data that moves between its members, including the United States, at a time when more consumer information is moving across national borders.
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China, Hong Kong Sign Their First IP Agreement 11/17/2011 China’s State Intellectual Property Office and Hong Kong’s
Intellectual Property Department signed their first agreement in Hong Kong
on November 16 to strengthen co-operation in the area of intellectual property.
|
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UK Drops In Tax Competitiveness Index 11/17/2011 While the UK has a competitive tax system it risks being overtaken by other economies easing tax burdens for businesses, according to a new report from PwC.
|
 |
APEC Looks At Regional Economic Integration 11/17/2011 Under the chairmanship of US President Barack Obama, the leaders of the Asia-Pacific
Economic Cooperation group, at their recent meeting in Hawaii, adopted the ‘Honolulu
Declaration’, which looks towards a 'seamless regional economy',
by strengthening regional economic integration and expanding trade, promoting
green growth, and advancing regulatory convergence and cooperation.
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