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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

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....
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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...
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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...
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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...
中文

Interview - Hong Kong Company Formation

Industry research suggests that China will soon rank first in the world as a source of new incorporations. Traditionally, which regions of the world has your jurisdiction been most popular for? What types of business activity is most suitable for incorporating in your jurisdiction? As widely known, Hong Kong is one of the six international financial centers with strong reputation and high credibility. It remains the first place in the 2019 Global Economic Freedom Index. The business scope of Hong Kong companies is very wide with few restrictions. Today, trading and service companies are the most (widely/commonly) established companies in...
中文

Analyzing the Classic Model Adopted by Mainland Private Equity Managers for Setting up US Dollar Funds via Hong Kong

Introduction Whether it is for the purposes of resisting the pressure of inflation, choosing a more sound investment channel with lower costs, or seeking funds with a higher rate of return and greater potential, private equity managers in mainland China are now confronted with urgent but hard-to-satisfy demand for “going abroad plans” to provide enterprises and high-net-worth clients with global wealth configuration schemes. Plans for “going abroad” developed by private equity managers may be based on overseas financial products like Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect and Qualified Domestic Institutional Investor (QDII). Due to the shortage of channels,...