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HONG KONG

Overview - Executive Summary

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Interview - Hong Kong Overview

What are the advantages of the jurisdiction for Chinese investors? Hong Kong (HK) as a window to work with international companies. A lot of international firms like to set up office in HK in order to trade with Mainland China, therefore is easier to communicate with them in HK. HK has good reputation in the world; foreigners are more willing to trade with HK Company and build up good image for it. HK is an international finance centre with a wide range of financing channels, easy borrowing and financing. Funds parking in HK can increase the flexibility of its utilizing....

Related Articles

中文

For Asia’s Super-Rich, Singapore Family Offices Keep the Wealth Churning – but Hong Kong Wants a Piece of the Pie too

By Kok Xinghui   Singapore is popularly known as an Asian financial hub where companies set up regional headquarters and rich individuals park their wealth. In recent years, it has also been attracting another sort of investment through a vehicle that is just gaining popularity in the region: corporate entities called family offices that moneyed families use to structure the way they invest and preserve their riches.   From 2017 to 2019, the number of family offices in Singapore grew by five times as the region got wealthier. Some of these offices were set up by Singaporean families who want to manage their assets better,...
中文

Hong Kong’s Financing Role Highlighted by Ant IPO

By Fitch Wire   Fitch Ratings-Hong Kong-29 October 2020: Robust capital raising trends in Hong Kong so far this year and the imminent IPO of China’s Ant Group, an affiliate of Alibaba Group (A+/Stable), signal the territory’s continued standing as a major financial center, says Fitch Ratings. Hong Kong’s attractiveness to Chinese firms for raising international capital, as well as its sizeable external and fiscal buffers, will help to mitigate the credit impact of a recent erosion in perceptions of its governance standards and the economic shock from the coronavirus pandemic.   Total fundraising in Hong Kong this year continues...
中文

Hong Kong Leader seeks Beijing's Aid to Revive Economy

By Li Yan   Hong Kong Chief Executive Carrie Lam Cheng Yuet-Ngor said she has sought the central government's help in finding new growth engines and fortifying existing advantages to revive the special administrative region's battered economy.   Support has been sought mainly in four areas-financial services, innovation, and technology, the aviation sector, and projects to improve people's livelihoods, Lam said in a newspaper interview days before she is expected to visit Beijing to present her proposals to the central authorities.   The new policy initiatives are also expected to be the highlight of her annual policy address this year....
中文

Fluency in Mandarin Becomes Key to Hong Kong Bankers' Success

Experienced expats lacking language skills for mainland Chinese clients shut out HONG KONG -- In a sign of changing fortunes in Asia's financial hub, it took almost a year for one experienced foreign private banker in Hong Kong to land a job after he was let go by his previous employer in early 2019.   The reason: most employers said they preferred -- and were easily hiring -- Mandarin speakers for such positions.   The banker, who is originally from the U.K. and has more than a decade of experience in wealth management in Hong Kong, was stunned when companies...
中文

Gold from Hong Kong is making its way to other havens – including Switzerland. The move highlights fears that the Chinese territory is no longer an offshore center.

Wealthy Hong Kong investors have moved as much as ten percent of physical gold holdings away from home, and to centers including Singapore and Switzerland, the «Financial Times» (behind paywall) reported on Friday, citing several gold specialists. The move follows a controversial Chinese security law for the territory last month, which has roiled finance as well.   «Many clients now perceive Hong Kong as riskier than other jurisdictions,» Joshua Rotbart, head of J Rotbart & Co, told the outlet. Based in Hong Kong, the company stores and trades gold. The precious metal recently rallied past $2,000 per ounce on pandemic and inflation fears and is...
中文

The Function and Application of Trust

Trust is a legal contract. The settlor transfers the assets to the trustee, and the trustee needs to hold and manage the assets for the beneficiary according to the wishes of the settlor and the trustee can arrange the property effectively to the designated beneficiary. Set up Trust is becoming more and more popular, and the cost of setting up is becoming democratized. The banks can also set up a simple trust structure for its customers. Family Trust Can Give Full Play to Different Guarantees Family trust is often misunderstood as the asset allocation agreement set up for the family...
中文

Hong Kong

Country: Hong Kong Region: Asia Currency: Hong Kong Dollar (HKD) (HK$) Languages: Cantonese, Putonghua, English Time Zone: UTC +8 Phone Code: +852 Communications: Excellent Formation Cost:  2000 - 2800 USD$ Formation Time:          12 - 20 days Maintenance cost:  600 - 1200 USD$ Hong Kong has thrived historically as a trading entrepôt serving many Asia Pacific countries and also as a low-cost manufacturing center, and has turned towards the provision of services, particularly financial, professional and logistic services. Its economic success is largely based on a whole-hearted adherence to free and open trade, the values encompassed in a British common law...

Hong Kong

Executive Summary:Hong Kong has thrived historically as a trading entrepot serving many Asia Pacific countries and also as a low-cost manufacturing centre, and has turned towards the provision of services, particularly financial services. Its economic success is largely based on a whole-hearted adherence to free and open trade, the values encompassed in a British common law legal system and a laissez-faire, non-interventionist attitude on the part of government. There are few if any significant barriers to investment by foreigners. The government has consistently followed business friendly policies and continues to do so.It is not an 'offshore' jurisdiction as such, but...