Business policies and regulations in Mainland China are different from those of Hong Kong – how should Hong Kong companies enter the mainland market and what should be paid attention to before opening?
Intellectual property (IP) trading helps comic books stay exposed in the market and maintain their popularity. Hong Kong comic company Culturecom has developed a licensing business by taking advantage of the popularity of online TV movies in Mainland China, generating more creative works across different media and extending the lifetime of their comic creations.
Hong Kong online will-writing start-up NobleWills seeks to make estate planning easy and accessible for everyone. Established in December 2021 by co-founders Sarah Ip, a qualified lawyer, and Brian MacPherson, a software developer, the company launched simultaneously in Hong Kong and Singapore and is already looking to expand its range of products and services. Ms Ip discussed the firm’s progress so far.
Each economy has its own legal system and traditions as well as trade practices. Hence, cross-boundary contracts by traders, where not regulated by a set of uniform rules, inevitably raise problems of conflict of laws in the sense that in each case it would be necessary to establish which of the various domestic legal systems having connection with the contract will actually apply to it.
The HKTDC Hong Kong International Franchising Show displays a wide range of local and foreign franchise opportunities, plus consulting and support services, where franchisors and prospective franchisees meet to explore a win-win business collaboration.
In response to trade friction between Mainland China and the United States, exporters in Hong Kong are proactively finding their way out, Hong Kong Trade Development Council Director of Research Nicholas Kwan said when announcing the HKTDC’s latest export outlook.
“All failure is failure to adapt, all success is successful adaptation.” This quote from innovation culture advocate Max McKeown will certainly chime with many business executives in Hong Kong and Mainland China.
The Office of the United States Trade Representative (USTR) on Monday 13 May issued a notice that formally proposes to establish an additional duty of up to 25% under Section 301 of the Trade Act of 1974 on nearly all remaining imports from Mainland China, which are valued at approximately US$300 billion.
Drawing up a will is a commonplace task in Europe and the United States – about four in 10 adults have a will in the US while 45% of the United Kingdom population has made one – but having this paperwork in place remains a low priority for many Asians.