Over the past decade, the booming development of international trade and the increasing influence of the Belt and Road Initiative have highlighted the importance of a diversified commercial dispute resolution regime, with arbitration remaining the most preferred mechanism for resolving international commercial disputes. Globally, although ad hoc arbitration is the original form, institutional arbitration has…
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Explore the vibrant tapestry of Hong Kong, acclaimed as Asia’s World City, where 24-hour trading seamlessly interacts with the globe’s most influential financial hubs. With its sophisticated financial infrastructure, thriving innovation and technology ecosystem, and an unrivalled pool of talent, this energetic metropolis empowers investors to seize opportunities within the world’s fastest-growing region. Strategically situated…
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The Stock Exchange of Hong Kong Limited (HKEX) and the Securities and Futures Commission (SFC) are intensifying their collaboration to target IPO-related misconduct, suspicious financial arrangements, and ramp-and-dump scams that are plaguing the city’s financial markets. Over the past year, the HKEX conducted inquiries into the use of IPO proceeds by 16 newly listed companies,…
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A multi-country central bank digital currency (CBDC) project involving mainland China, Hong Kong, Thailand, and the United Arab Emirates has achieved a significant milestone by launching its minimum viable product (MVP) platform.This platform will serve as a testing ground for various use cases in cross-border transactions. As Project mBridge enters the MVP stage, the involvement…
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When discussing employment in Hong Kong, it’s crucial to consider the subject of handbooks and policies. Employment handbooks are typically used to govern employee behavior and are generally non-contractual. However, breaches of these policies may lead to termination, depending on the wording of the policy and the severity of the situation. Employment handbooks usually include…
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Every company operating in Hong Kong is subject to profits tax on its locally sourced profits. The two-tiered profits tax regime taxes the first HKD 2 million of assessable profits at 8.25%, while profits above that threshold are taxed at 16.5%. This regime does not apply to companies that are part of a group where…
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Apart from limited exceptions, the Employment Ordinance applies to all employees engaged under a contract of employment in Hong Kong. Employee rights are governed by the provisions of the Employment Ordinance, other applicable ordinances, their contracts of employment, and common law principles. All employment in Hong Kong is contractual, with no concept of “at-will” employment.…
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The two cities will leverage their competitive advantages to boost financial cooperation. Representatives from Hong Kong and Shanghai recently convened the ninth Working Meeting of Hong Kong-Shanghai Financial Cooperation, identifying areas for collaboration to strengthen the financial ties between the two cities.During the conference, Hong Kong’s Secretary for Financial Services & the Treasury, Christopher Hui,…
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To establish a branch of a non-Hong Kong company in Hong Kong, you must submit an application for registration to the Registrar and the Commissioner of Inland Revenue within one month of establishing a place of business in Hong Kong. Registration with the Registrar may not be necessary if the branch office is not used…
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