Offshore Hong Kong Latest Information

Offshore Hong Kong Latest Information

Hong Kong Further Improves SME Financing Guarantee Scheme
To support small- and medium-sized enterprises (SMEs) during the global economic slowdown, Hong Kong’s Secretary for Commerce & Economic Development, Gregory So, has proposed further concessionary measures under the SME Financing Guarantee Scheme (SFGS) within the first half of this year.

Hong Kong’s Tiger Court Fight Tests Regulator’s Offshore Reach
Hong Kong’s securities watchdog is fighting to defend the way it tackles offshore targets after losing the first round of its insider trading case against hedge fund firm Tiger Asia Management LLC.

Mourant Ozannes Opens Hong Kong Office
Leading offshore law firm, Mourant Ozannes, has opened an office in Hong Kong to provide clients and intermediaries with access to the firm's offshore legal services in an Asian time zone.

Hong Kong Stocks Advance as Fed Pledges Low Rates Until 2014
Hong Kong stocks advanced for a fifth day after the Federal Reserve pledged to keep interest low through 2014 and Chairman Ben S. Bernanke said the central bank is considering more asset purchases to boost growth.

Hong Kong, Shanghai Shares Jump 2 percent; Banks Lead Rally
Shares in both Hong Kong and Shanghai rose 2 percent on Thursday, lifted by Chinese financials and growth-sensitive sectors after fears of a global economic slowdown eased on U.S. and German manufacturing data that beat expectations.

London seeks major slice of offshore yuan market
The government said Monday it will partner with Hong Kong to develop the City of London as a major offshore centre of trade in China's yuan currency.

HSBC appoints UK-based head of renminbi business development
In a newly created role, Paul Gooding will lead HSBC's efforts in helping to develop London as an offshore renminbi centre.

Hong Kong Relaxes Lenders’ Yuan Capital Rules as Costs Surge
The Hong Kong Monetary Authority, seeking to promote the city as China’s main offshore currency center, relaxed yuan capital requirements for local banks following a jump in funding costs for the currency.

BOC Hong Kong To Handle Yuan-Clearing Business In Malaysia - Report
Bank of China Ltd. (3988.HK) has assigned its Hong Kong arm, BOC Hong Kong (Holdings) Ltd. (2388.HK), the handling of its yuan-clearing business in Malaysia, The Standard reported Monday, citing an unnamed source.

Hong Kong To Implement AML Guidelines
Following the release of a set of consultation conclusions, Hong Kong’s Securities and Futures Commission (SFC) has announced the gazetting of a new set of guidelines on anti-money laundering (AML) and counter-terrorist financing (CFT), which will take effect on April 1, 2012.

Offshore Argentina
Offshore Australia
Offshore Austria
Offshore Belgium
Offshore Brazil
Offshore Canada
Offshore China
Offshore Cyprus
Offshore Denmark
Offshore Finland
Offshore France
Offshore Germany
Offshore Greece
Offshore Hong Kong
Offshore Hungary
Offshore India
Offshore Indonesia
Offshore Ireland
Offshore Israel
Offshore Italy
Offshore Japan
Offshore Korea
Offshore Luxembourg
Offshore Malta
Offshore Malaysia
Offshore Mexico
Offshore Netherlands
Offshore New Zealand
Offshore Norway
Offshore Philippines
Offshore Poland
Offshore Portugal
Offshore Romania
Offshore Russia
Offshore Singapore
Offshore South Africa
Offshore Spain
Offshore Sweden
Offshore Switzerland
Offshore Thailand
Offshore Ukraine
Offshore United Arab Emirates
Offshore United Kingdom
Offshore United States
Offshore Vietnam