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  • April 18, 2014
  • Last updated: 7:48pm
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Results 1 - 10 of 153 for financial industry

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  1. Business - Money - REGULATION

    Government seeks law change to boost fund industry

    Posted Mar 21st 2014, 01:04am by Enoch Yiu

    ... to boost fund industry The government has proposed changing the law to allow fund products be set up in a more flexible structure in a bid to catch up with international practice and to promote the city's fund industry. The proposal, unveiled yesterday in a paper for a three-month consultation, was long-awaited as it was mentioned in Financial Secretary John Tsang Chun-wah's budget ...

  2. Business - Banking & Finance - REGULATION

    Hong Kong lawmakers urge financial reforms must move faster

    Posted Jan 30th 2014, 05:01am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Call also goes out that city's financial professionals need more help entering mainland amid possible mushrooming of free-trade zones Speed up reforms, lawmakers urge Lawmakers want the government to speed up its numerous financial reform plans and to go further in helping local financial professionals enter the many planned free-trade zones ...

  3. Business - Economy - REGULATION

    Insurance oversight body moves step closer

    Posted Apr 17th 2014, 01:10am by Enoch Yiu

    ... with their own industry bodies, a self-regulation model that would go extinct if the Insurance Authority is set up. "An independent Insurance Authority … will have a wider power than the current ... for Financial Services and the Treasury, in a media briefing yesterday. This will bring Hong Kong in line with … international practices AU KING-CHI, GOVERNMENT OFFICIAL "This will enhance ...

  4. Business - China Business - REGULATION

    China to step up reform of financial sector

    Posted Mar 20th 2014, 01:35am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Explosive growth of Alibaba's online money market fund prompts state to quicken action Mainland to step up reform of financial sector A top mainland official says the world's second-largest economy is set to quicken the pace of financial reform to address increasing demand from consumers, after the People's Bank of China announced ...

  5. Business - Money - REGULATION

    Beijing likely to add curbs on cross-selling fund agreement

    Posted Apr 14th 2014, 05:07am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Beijing is likely to limit the amount of HK-based products to be sold on the mainland to protect its domestic industry from rising competition Deal on fund ... fund products. The move was set to reduce the scale of the scheme substantially from what the industry players had been expecting, said two sources familiar with the negotiations. One ...

  6. Business - Banking & Finance - REGULATION

    HKMA remains vigilant in 'unstable' environment

    Posted Apr 17th 2014, 01:09am by KANIS LI

    ... the top official of the Hong Kong Monetary Authority said. "In the face of the expected unstable financial and investment environment in 2014, the HKMA will continue to closely monitor market ...

  7. Business - China Business - REGULATION

    China to chase tax evaders with own version of US foreign account law

    Posted Mar 28th 2014, 12:10am by Toh Han Shih

    ... people in general, added Buttrill. "In addition to wealthy individuals and green card holders, it affects the financial industry as a whole." ... of the new US tax law that requires financial institutions around the world to provide Washington with information on US taxpayers, analysts say. Such a law would make it more difficult for corrupt ...

  8. Business - Commodities - REGULATION

    Beijing ditches target in new steel consolidation plan

    Posted Mar 26th 2014, 06:34am by Reuters

    ... to have ditched a long-standing target to bring 60 per cent of the sector under the control of its 10 biggest enterprises by 2015. A new industry consolidation plan published on the website of the Ministry of Industry and Information Technology late on Monday said Beijing would continue to simplify approval procedures and make it easier for firms in bloated sectors like steel, cement ...

  9. Business - Economy - REGULATION

    Britain gains edge in fight over EU financial reforms

    Posted Sep 17th 2013, 12:00am by BLOOM

    ... things intelligently. In taking account, in particular, of the role and the importance of the United Kingdom in the financial industry, which is a good thing for the whole of Europe, and the whole single market." Cameron said the country would keep working to protect its interests, including the financial services industry. "The government is going to keep making the case ...

  10. Business - Money - REGULATION

    'Through train' dispute risks voiced

    Posted Apr 14th 2014, 05:07am by Enoch Yiu

    ... markets but may also lead to more disputes between shareholders and the listed companies. Many mainland investors do not understand Hong Kong listing rules Jojo Choy, Securities industry group ...




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