FINANCE & INVESTMENT

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

Uzbekistan: On the Reform Path

25 September 2019

The new Uzbek government has adopted since September 2016 a number of economic liberalisation measures to restore internal and external confidence in Uzbekistan, transforming the double-landlocked Central Asian country into a more open and connected economy that works hand-in-hand with the BRI. 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

hktdc research

Financial Services Industry in Hong Kong

19 September 2019

With Hong Kong being an international financial centre, its financial services sector remains one of the most important economic pillars, accounting for 18.9% of the city’s GDP and providing some 258,500 jobs in 2017. Hong Kong was ranked 3rd in the Global Financial Centres Index (GFCI) and hosts the largest pool of RMB liquidity outside Mainland China. More

hktdc research

Shenzhen Announces Qianhai Financial Services Development Incentives

16 September 2019

In a bid to promote innovation and nurture clustering among finance-related businesses within the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, the Shenzhen Municipal Government has announced a fresh raft of incentive measures. More

venture hong kong

Blockchain pioneer picks Hong Kong

05 September 2019

Hong Kong was “absolutely the right choice” as Ledger’s Asia Pacific (APAC) home, the regional head for the French crypto-security giant Benjamin Soong asserted nearly one year after its October 2018 market entry into Asia. More

venture hong kong

Budgeting for beginners

15 August 2019

Hong Kong techpreneurs Teresa Chan and Chester Szeen believe in an early start when it comes to managing money, and have developed an app to do just that. More

inside china

Tokyo-Beijing ties grow stronger

07 August 2019

The news that MUFG Bank – the largest banking group in Japan – has won approval to settle transactions in renminbi, the currency of Mainland China, is being seen by observers as a clear sign of a warming in relations between Tokyo and Beijing, as well as an indication of greater cooperation to come. More

hktdc research

Legislation Would Tax Foreign Financial Investments to Lower Value of U.S. Dollar

07 August 2019

Legislation introduced on 31 July by Sens. Tammy Baldwin (Democrat-Wisconsin) and Josh Hawley (Republican-Missouri) would direct the Board of Governors of the Federal Reserve to establish a market access fee for foreign purchases of U.S. assets, including stocks, bonds, other financial instruments. More

Page of 59