Hong Kong as China’s global financial centre Julia Leung, Hong Kong’s under-secretary for financial services and the treasury, says that as China experiments with the international liberalisation of the renminbi, Hong Kong is the ideal ‘laboratory’ for testing the acceptability of RMB assets among international investors.
GFS has now closed Global Financial Strategy was set up in April 2010 and closed at the end of January 2012.
HKMA relaxes RMB bank regulations The Hong Kong financial watchdog says conditions are “ripe” to relax regulation on banks trading the Chinese renminbi currency in a bid to make HK an offshore RMB business centre.
Anti-money laundering in Hong Kong Hong Kong-based private fund managers are due to face new anti-money laundering regulations from 1 April 2012. Charlotte Robins, partner at Norton Rose Hong Kong, analyses the changes.
FTT: The reality behind the headlines
Friday 9 Dec 2011 | Shiv Mahalingham
Introducing an EU financial transaction tax as a revenue raising measure is dangerous without paying attention to the impact on capital flows, writes Shiv Mahalingham, managing director at independent tax advisers Alvarez & Marsal Taxand UK.
Hong Kong unveils disclosure guidance
Wednesday 23 Nov 2011 | [email protected] Hong Kong regulators have published interim guidance to bring remuneration disclosure requirements in the financial centre into line with new Basel standards.
Hong Kong banks protected from EU crisis
Wednesday 23 Nov 2011 | [email protected] Hong Kong’s banks are well buffered from the European debt crisis thanks to their wide pool of overseas funding, according to a new report card by Fitch.
The credit rating agency concluded on…
US sixty-ninth in ease of paying tax list
Friday 11 Nov 2011 | Will Henley
Hong Kong, Singapore and Ireland are among the least burdensome international financial centres for paying taxes according to a new survey by PWC, the World Bank and International Finance…
Hong Kong rejects ‘race to the bottom’
Monday 31 Oct 2011 | Will Henley
The chief executive of Hong Kong’s Securities and Futures Commission has said he wants to avoid an international regulatory “race to the bottom”.
Ashley Alder told a conference of the Investment…
GFS is pleased to offer you a two-week free trial.
You will receive a daily email bulletin of the latest regulatory news and analysis and a weekly email round-up.
Please complete the free trial form.
You will also receive full access to our online site.