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| HONG
KONG LAW AND TAX HEADLINES |
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HK's Chief Secretary Calls For Closer Ties Between Hong Kong And European Union
09/05/2008 |
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Hong Kong's Chief Secretary for Administration, Mr Henry Tang (pictured), has announced this week that he would like to see Hong Kong establishing closer ties with the European Union.
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Hong Kong Seeks Views On New Competition Law
08/05/2008
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A three-month consultation on a proposed new competition law for Hong Kong has been launched.
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STORY
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HKEx To Develop GEM As Second Board
07/05/2008 |
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The Stock Exchange of Hong Kong Limited, a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEx), last week published its Growth Enterprise Market (GEM) Consultation Conclusions.
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Hong Kong Tax Revenues Surpass HKD200bn
06/05/2008 |
About HKD200.7 billion in revenue was collected by the government in the 2007-08 fiscal year, up 29% on the previous year, according to the territory's Inland Revenue Department.
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STORY
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Hong Kong SFC Obtains Worldwide Injunction In Insider Dealing Probe
06/05/2008 |
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The Hong Kong Securities and Futures Commission (SFC) has been granted an interim worldwide injunction to freeze assets of up to HKD43mn (USD5.5mn) held by two individuals involved in suspected insider trading of Asia Telemedia (ATML) shares.
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HKD123.6bn Surplus Recorded In HK For 2007-08 Financial Year
05/05/2008 |
A surplus of HKD123.6bn has been recorded for the 2007-08 financial year in Hong Kong, up HKD8bn on the HKD115.6bn surplus forecast in the 2008-09 Budget.
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STORY
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HSBC Extends Timetable For Korea Acquisition
01/05/2008 |
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It was announced on Tuesday that HSBC and Lone Star have agreed to extend, until 31st July 2008, the deadline for completion of HSBC's proposed acquisition of 51.02% of Korea Exchange Bank, the sixth largest bank in Korea, subject to regulatory approval.
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HK Revenue Bill To Be Tabled To LegCo In May
28/04/2008 |
The Revenue Bill 2008, which seeks to implement a number of the measures announced in the 2008-09 Budget, has been gazetted and will be tabled to lawmakers on 7th May.
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STORY
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Law To Change To Allow Wine-Duty Cuts, Says HK Government
25/04/2008 |
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Amendments to the Dutiable Commodities Ordinance in Hong Kong will be gazetted on 25th April to give effect to the Budget-proposed reduction of wine duty to zero, the Commerce and Economic Development Bureau has announced.
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Mourant Praised For Role In 'Deal Of The Year'
23/04/2008 |
Mourant du Feu and Jeune, part of Mourant, was cited for its involvement in one of the 'deals of the year' at the recent International Financial Law Review awards, which celebrate legal innovation and the ingenuity of lawyers in Europe.
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STORY
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Hong Kong To Review Code On Unit Trusts And Mutual Funds
21/04/2008 |
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The Hong Kong Securities and Futures Commission (SFC) will review the Code on Unit Trusts and Mutual Funds to attract more funds and talent into Hong Kong, it announced on Wednesday.
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Views Sought On Copyright Protection Proposals In HK
17/04/2008 |
Hong Kong's Commerce and Economic Development Bureau is inviting public views on its preliminary proposals to strengthen copyright protection in the digital environment.
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STORY
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Green Agenda Essential To Economic Success In HK, Says Tsang
16/04/2008 |
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Having a green agenda is no longer something that is having to be forced on Asian countries or cities, Hong Kong's Chief Executive Donald Tsang has stated this week.
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HK's SFC To Review Regulations
11/04/2008 |
Hong Kong's Securities and Futures Commission is reviewing its regulations and processes to reduce red tape and bureaucracy, its chairman Eddy Fong has announced.
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UK CEOs Most Sceptical About Tax Harmonisation
11/04/2008 |
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While UK business leaders view the tax regime as the most important area of regulation that the government could potentially improve, many more are opposed to the idea of tax harmonisation compared to their global peers, according to a new report by PricewaterhouseCoopers.
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HK And NZ Sign Customs Pact
11/04/2008 |
Hong Kong's Customs & Excise Commissioner Richard Yuen (pictured) and New Zealand Customs Service Comptroller Martyn Dunne have signed a pact to boost ties in intelligence analysis and risk management and to organise training and reciprocal visits.
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MPF Move Will Boost Market Competition In Hong Kong
09/04/2008 |
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The proposal to boost employee control over their investment in mandatory provident funds will promote market competition, keeping fees and charges at a reasonable level, Hong Kong's Financial Services and the Treasury Bureau suggested this week.
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HK's Justice Secretary Visits Shanghai
08/04/2008 |
Hong Kong's Secretary for Justice, Wong Yan Lung, on Monday started his three-day visit to Shanghai and Hangzhou, with the intent of enhancing mutual understanding between Hong Kong and the Chinese Mainland in judicial and legal matters.
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Hong Kong And Indonesia Sign Legal Assistance Pact
08/04/2008 |
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A legal assistance agreement has been signed by Hong Kong and Indonesia, the 23rd such pact that Hong Kong has put in place to boost international co-operation against serious crime.
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Dubai And Hong Kong Sign Islamic Finance Agreement
07/04/2008 |
The Dubai Financial Services Authority (DFSA) and the Hong Kong Securities and Futures Commission (SFC), have announced a joint regulatory initiative to enhance access to Islamic financial products in Hong Kong and the Dubai International Financial Centre (DIFC).
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STORY
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