FINANCE & INVESTMENT

CEPA Amended to Enhance Liberalisation on Trade in Services of the Mainland for Hong Kong

22 November 2019

The Agreement Concerning Amendment to the CEPA Agreement on Trade in Services was signed on 21 November 2019. It introduces new liberalisation measures in financial services, legal services, construction and related engineering services, testing and certification, television, motion pictures and tourism services, making it easier for Hong Kong service suppliers to set up enterprises and develop business in the Mainland. More

hktdc research

China Set to Boost Transparency and Consistency of Foreign Investment Environment

15 November 2019

With a view to creating an open, transparent and consistent foreign investment environment, the State Council has approved 20 measures designed to facilitate this transformation. Overall, these new directives are said to focus on four key areas – accelerating the opening-up of the financial sector, committing a higher level of resources to attracting investment, reforming investment procedures and safeguarding the legitimate rights and interests of foreign investors. More

hktdc research

China Adopts 12 Foreign Exchange Management Enhancement Measures

11 November 2019

The State Administration of Foreign Exchange has announced a raft of 12 new measures designed to optimise foreign exchange management procedures. More

hktdc research

China Looks to Boost Cross-Border Trade and Support Regional Development

04 November 2019

Confirming its commitment to further stabilising foreign trade, China’s State Council resolved to adopt and implement a number of related measures – in addition to those already ratified – during the course of its 23 October Executive Meeting. More

hktdc research

The Greater Bay Area: Regional Collaboration Brings Unlimited Opportunities to Insurance Sector

30 October 2019

Zurich Insurance (Hong Kong) is the Hong Kong division of a Swiss multinational insurer, Zurich Insurance Group. It provides mainly general insurance and life insurance services to Hong Kong clients. With the development of the Guangdong-Hong Kong-Macao Greater Bay Area, Zurich Hong Kong sees unprecedented cross-border collaboration opportunities for Hong Kong’s insurance sector, which will enable Hong Kong to become a regional centre for project management and personal risk management. More

hktdc research

China Approves Overseas Ownership of Mainland Insurance and Fund Management Firms

22 October 2019

As part of ongoing moves to open up its financial sector, China has given the go-ahead for 100% overseas ownership of mainland-based insurance and fund management firms. In order to facilitate this, it has had to amend two sets of regulations – The Regulations on the Administration of Foreign-funded Insurance Companies and The Regulations on the Administration of Foreign-funded Banks. More

hktdc research

China to End Overseas Shareholding Caps on Fund Management and Securities Firms

16 October 2019

The China Securities Regulatory Commission (CSRC) has announced that the overseas shareholding cap on fund management institutions will be abolished on 1 April next year, followed by the abolition of the cap on the ownership of securities firms on 1 December 2020. More

hktdc research

Guangdong to Subsidise BRI and GBA Investment Participants

04 October 2019

Guangdong is to provide subsidies to companies and chambers of commerce participating in events related to designated foreign investment programmes. More

hktdc research

Treasury Unveils Proposed Foreign Investment Review Regulations

23 September 2019

The U.S. Treasury Department on 17 September issued proposed regulations to implement the Foreign Investment Risk Review Modernization Act of 2018 (FIRRMA). Interested parties may submit comments on these regulations by 17 October and the final rule must enter into force by 13 February 2020. More

hktdc research

China Streamlines Domestic Financial Market Access for Foreign Investors

19 September 2019

In line with the central government’s commitment to expanding and opening up China’s financial markets, the State Administration of Foreign Exchange has announced plans to scrap the investment quota limits that applied under the terms of the Qualified Foreign Institutional Investor (QFII) and the RMB Qualified Foreign Institutional Investor (RQFII) programmes. More

Page of 60