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  • November 29, 2014
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  1. Business - Companies - JAKE'S VIEW

    MTR's disregard for law shames the SFC

    Posted Nov 25th 2014, 05:27am by Jake Van Der Kamp

    ... Jake van der Kamp Failure to disclose delay to South Island Line is flagrant breach of market regulator’s ordinance MTR's disregard for law shames the SFC The long wait for a railway to the south side of Hong Kong Island will get even longer, with the opening of the South Island Line pushed back a further six months, the MTR Corporation announced yesterday. …Details of the delay ...

    http://www.scmp.com/business/companies/article/1647874/mtrs-disregard-law-shames-sfc
  2. Business - China Business - JAKE'S VIEW

    Mystery in China trade figures begs explanation

    Posted Nov 18th 2014, 05:09am by Jake Van Der Kamp

    ... it worked and it was all quite simple. What you did as an exporter in China was ship your goods to Hong Kong at cost and then add your profit margin in Hong Kong before shipping the goods further ... however, of doing things this way. The first was you would pay no profits tax in China as you made no profits there and none in Hong Kong because the authorities looked the other way about ...

    http://www.scmp.com/business/china-business/article/1642431/mystery-china-trade-figures-begs-explanation
  3. Comment - Insight & Opinion - JAKE'S VIEW

    Vital aspect missing from the Shanghai through train-trust

    Posted Nov 16th 2014, 06:16am by Jake Van Der Kamp

    ... to work. It relates the nominal performance of the Hong Kong economy to the record of the Hang Seng Index on the same basis of January 2000 equals 100. That stock market line bounces about a good deal but the link to the economy is clear. Tomorrow the Stock Connect through train is set to leave the station. Hong Kong and Shanghai will be able to trade each other's stocks through ...

    http://www.scmp.com/comment/insight-opinion/article/1640823/vital-aspect-missing-shanghai-through-train-trust
  4. Comment - Insight & Opinion - JAKE'S VIEW

    The joke is on Hong Kong in endless talks on Guangdong trade deal

    Posted Nov 09th 2014, 05:17am by Jake Van Der Kamp

    ... Jake van der Kamp jake.vanderkamp@scmp.com The joke is on HK in endless talks on Guangdong trade Hong Kong and Guangdong are still working to tear down more barriers to cross-border trade ... the governments in Guangzhou." That's 11 years and 17 talk shops since Hong Kong secured a so-called Closer Economic Partnership Arrangement (Cepa) with the mainland, and the sum total ...

    http://www.scmp.com/comment/insight-opinion/article/1635120/joke-hong-kong-endless-talks-guangdong-trade-deal
  5. Business - Banking & Finance - JAKE'S VIEW

    Court of Final Appeal makes sense of money-laundering law

    Posted Nov 13th 2014, 05:38am by Jake Van Der Kamp

    ... are the proceeds of an indictable offence. Mr Pang arranged for two deposits totalling HK$14 million to be paid into one of his company accounts in Hong Kong through a close friend and business associate ... presented to the courts. In many of these cases, there may have been no underlying indictable offences. All that these people may have done is transfer money from mainland sources to Hong Kong ...

    http://www.scmp.com/business/banking-finance/article/1638393/court-final-appeal-makes-sense-money-laundering-law
  6. Comment - Insight & Opinion - JAKE'S VIEW

    Dirty little secret of public service pay is a big cash bonanza

    Posted Nov 02nd 2014, 04:27am by Jake Van Der Kamp

    ... in government you just give the bill to your boss. The last time any proper measure was taken of the difference was 12 years ago when the Hong Kong General Chamber of Commerce commissioned a survey ...

    http://www.scmp.com/comment/insight-opinion/article/1630067/dirty-little-secret-public-service-pay-big-cash-bonanza
  7. Business - Economy - JAKE'S VIEW

    Xi Jinping fluffs lines in sticking to FTZ script

    Posted Oct 30th 2014, 06:26am by Jake Van Der Kamp

    ... will have only one real FTZ. That FTZ is Hong Kong. It galls the authorities in Beijing mightily that this is so, particularly with the challenge to central authority in the Occupy Central movement, ...

    http://www.scmp.com/business/economy/article/1627797/xi-jinping-fluffs-lines-sticking-ftz-script
  8. Business - Comment - JAKE'S VIEW

    Hong Kong logistics sector doesn't need own ministry, despite whinge by lobbyists

    Posted Oct 07th 2014, 05:25am by Jake Van Der Kamp

    ... issues." Lobbyists' whinge, British Chamber of Commerce   And therefore, says the British commercial chamber to the chief executive in this gimme pitch- "Hong Kong as a regional ... migrant workers for the airport alone when Hong Kong's workers are screaming for more living space. How many Hongkongers will you push out of their homes? And if you say we should bus ...

    http://www.scmp.com/business/article/1611012/hong-kong-logistics-sector-doesnt-need-own-ministry-despite-whinge
  9. Business - Economy - JAKE'S VIEW

    Shrinking workforce not all that it seems

    Posted Oct 09th 2014, 05:43am by Jake Van Der Kamp

    ... Jake van der Kamp As Japan has shown, an ageing population doesn’t have to mean low jobs growth, with Hong Kong’s over-65 labour participation rate now at 8.3pc Shrinking workforce not all ... is thus increasingly dependent on employment growth. But Hong Kong's population is an ageing one and people drop out of the workforce as they grow older. Where then are we to get ...

    http://www.scmp.com/business/economy/article/1612332/shrinking-workforce-not-all-it-seems
  10. Comment - Insight & Opinion - JAKE'S VIEW

    Fearful finance chief John Tsang misses the point about tolerating peaceful dissent

    Posted Oct 05th 2014, 04:10am by Jake Van Der Kamp

    ... and particularly our most concern is about our reputational risk as well as the confidence in the market system in Hong Kong. That would be a permanent damage that we could not afford." Financial ... impact on the economy. But when Tsang speaks of "persist" I assume he means at most a matter of weeks, not years, in which case I think it unlikely that Hong Kong's reputation ...

    http://www.scmp.com/comment/insight-opinion/article/1609586/fearful-finance-chief-john-tsang-misses-point-about

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