Search Results for: Hong Kong
Moody’s appeals Hong Kong regulator’s penalty for report on mainland firms
January 9th, 2015
Moody’s Investors Service began an appeal Thursday against a decision by the Hong Kong Securities and Futures Commission to fine the company HK$23 million (roughly US$3 million) for breaching unspecified regulations in a July 2011 report that raised corporate ...
Hong Kong Continues To Attract Record FDI
January 9th, 2015
Invest Hong Kong, the territory’s inward investment agency, has announced that it assisted a record number of businesses to establish operations in 2014. InvestHK’s Director-General of Investment Promotion, Simon Galpin, said: “2014 was another record year for InvestHK in ...
HSBC, Hong Kong Under Scanner As US Steps Up Investigation Of American Tax Frauds
January 5th, 2015
HSBC Holdings and the city of Hong Kong, which were last month linked to an international tax evasion network, are currently under scrutiny as part of efforts by U.S. authorities to hunt down American tax evaders, the South China ...
Billionaire Kwok Gets 5 Years Jail in Hong Kong Corruption Trial
December 23rd, 2014
Thomas Kwok, the billionaire former Sun Hung Kai Properties Ltd. co-chairman, was sentenced to five years in jail and fined HK$500,000 ($64,460) for conspiring to corrupt Hong Kong’s No. 2 official. Rafael Hui, 66, the city’s chief secretary from 2005 ...
Hong Kong-based audit firm and two accountants charged by SEC
December 18th, 2014
The Securities and Exchange Commission imposed sanctions against a Hong Kong-based audit firm and two accountants for failing to properly audit year-end financial statements of a company that the SEC has charged with fraud. An SEC investigation found that Baker ...
Standard Chartered to sell Hong Kong consumer business to Pepper-linked consortium: sources
December 16th, 2014
Standard Chartered (STAN.L) has agreed to sell its Hong Kong-based consumer finance business to a consortium that includes Pepper Australia Pty Ltd and a Chinese group, in a deal estimated between $600 million to $700 million, two people with ...
Like Chinese Stocks? In Hong Kong, They’re 12% Cheaper
December 5th, 2014
The rush to pile into the world-beating stock rally in Shanghai has become so fevered that many investors are passing over identical shares that are trading more than 10 percent cheaper in Hong Kong. It’s a reminder of how froth can overwhelm ...
Hong Kong Plugs Commitment To Tax Info Exchange
December 1st, 2014
Financial Secretary John C Tsang stressed how Hong Kong has made substantial efforts to introduce the new global standard for the automatic exchange of tax information, while also ensuring data confidentiality, during his speech at the first Certified Tax ...
Banque de France signs MoU with Hong Kong Monetary Authority on Renminbi business cooperation
December 1st, 2014
Mr. Christian Noyer, Governor of Banque de France, and Mr. Norman Chan, Chief Executive of the Hong Kong Monetary Authority, signed a Memorandum of Understanding today (28 October 2014) with respect to strengthening cooperation on renminbi business development in ...
HKEx celebrates the launch of Shanghai-Hong Kong Stock Connect
November 18th, 2014
Hong Kong Exchanges and Clearing Limited (HKEx) hosted a ceremony at its Exhibition Hall today to celebrate the successful launch of Shanghai-Hong Kong Stock Connect with about 500 guests and journalists. The Chief Executive of the Hong Kong Special ...
