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  1. Leung says easier offshore rules allay M&A concerns

    Posted Oct 03rd 2005, 12:00am by Staff Reporter

    ... Fiona Lau in Fuzhou The godfather of red chips, Francis Leung Pak-to, believes Beijing's proposal to relax restrictions on mainlanders setting up and investing in offshore vehicles ... guidelines for individuals setting up overseas-registered red chips and offshore-registered venture capital and private equity funds- areas which previously had no legal framework. Mr Leung, one ...

  2. Beijing backs down on offshore rules

    Posted Sep 30th 2005, 12:00am by Eric Ng

    ... Eric Ng and Fiona Lau in Fuzhou Regulator to draft new legal framework for reverse investments in the mainland Restrictions on mainlanders setting up and investing in offshore vehicles ... and largely to blame for a drop in the value of M&A deals. Many mainlanders prefer to use offshore vehicles to 'reverse invest' in mainland businesses or assets to take advantage ...

  3. Offshore students set to boom

    Posted Nov 12th 2005, 12:00am by Geoffrey Maslen

    ... Geoffrey Maslen More foreign students are likely to take offshore courses with Australian universities by 2010 than those studying on campus, according to new research. Last year, 64,000 overseas stu- dents were enrolled with Australian universities in their home coun- tries, 100,000 fewer than those studying in Australia. But the researchers believe the offshore total could ...

  4. Officials agree to scrap offshore profits tax

    Posted Apr 05th 2005, 12:00am by Staff Reporter

    ... Kelvin Wong Lawmakers have agreed in principle to a government proposal to scrap profits tax for offshore funds investing in the Hong Kong securities market, despite expressing concerns ... help Hong Kong's role as an international financial centre. Other leading financial markets such as New York, London and Singapore exempt offshore funds from taxation. But while backing ...

  5. China clears individual offshore forays

    Posted Oct 24th 2005, 12:00am by Staff Reporter

    ... mainland individuals to set up offshore vehicles to acquire domestic assets and raise funds abroad. The regulation, which comes into effect next month, is likely to set red-chip listings back ... to offshore special purpose vehicles that are in turn employed as a platform for international fund raising, according to a Xinhua report last night. Those special vehicles can engage in asset ...

  6. CNOOC signs up Devon Energy for offshore drilling

    Posted Dec 07th 2005, 12:00am by Eric Ng

    ... the rush for a slice of China's untapped offshore oil and gas resources. CNOOC's parent, China National Offshore Oil Corp, yesterday announced the signing of its fourth deep-water production-sharing contract with a foreign firm. Devon Energy has agreed to conduct exploration drilling in the Baiyun Sag at depths of between 300 and 2,000 metres. Offshore oil and gas producer CNOOC ...

  7. Tax law on offshore gains reviewed

    Posted Mar 31st 2005, 12:00am by Enoch Yiu

    ... Enoch Yiu The government has proposed a further easing of rules governing profit tax exemption for offshore funds. In a paper presented to legislators yesterday for discussion next week, the government said it would now accept the earnings of offshore funds trading in derivatives, foreign exchange gains and asset management as exempt from the 17.5 per cent profit tax. Initially, only ...

  8. Forex controls relaxed for offshore operations

    Posted Jul 19th 2005, 12:00am by Staff Reporter

    ... Bei Hu China will further relax foreign-exchange controls to give domestic companies operating offshore easier access to credit, according to a senior regulator. The move, ostensibly ... pressure on the yuan, analysts said. The proposed reforms include allowing local banks to lend directly to offshore Chinese firms, State Administration of Foreign Exchange (SAFE) deputy head Li ...

  9. RMIT University to review offshore courses

    Posted Sep 24th 2005, 12:00am by Linda Yeung

    ... Linda Yeung Melbourne-based RMIT University is reviewing all its offshore programmes in a bid to ensure quality, according to its new vice-chancellor Margaret Gardner. Professor Gardner ... year. Professor Gardner said the university was now hoping to increase offshore students' study options. Her discussions with the Hong Kong Management Association involved the possibility ...

  10. China offshore borrowing hits record

    Posted Jul 29th 2005, 12:00am by Andy Chen, Jamil Anderlini

    ... Jamil Anderlini in Beijing and Andy Cheng Acquisitions and speculation on yuan revaluation help increase lending to US$3.8b so far this year China's offshore borrowing levels have ... government offshore borrowing constitutes only a tiny percentage of the total. China's capital account remains closed and Chinese-registered companies must obtain SAFE approval to borrow ...




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