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The Great Depression was one of the worst economic downturns in the history of the United States. During this period, a substantial number of banks went bankrupt which in turn caused a collapse

In the first part of our discussion about key developments across Asia in 2024, we looked at investment trends. Here we pick up the thread with a focus on the impact of AI.

In December 2021, the Hong Kong Monetary Authority (HKMA) issued the results of its pilot climate risk stress test (CRST).

The Hong Kong Mortgage Corporation Insurance Limited (HKMCI) is introducing a new 100 percent loan guarantee under the Hong Kong SME Financing Guarantee Scheme (HKSFGS) to...

Jenny Lee, the Under Secretary General at the Hong Kong Green Finance Association, will be joining a panel of Guernsey-based practitioners at a Hong Kong Masterclass this month.

Traditionally, for Hong Kong based managers, the preferred hedge fund structure has tended to be an offshore company, typically domiciled in the Cayman Islands

As the governments of various jurisdictions around the world have each taken steps to enhance transparency in their own jurisdictions as well as to improve international tax cooperation...

On 8 April 2015, the State Administration of Foreign Exchange issued the Circular of the SAFE on Relevant Issues Concerning the Reform of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises.

On 15 July 2014, the State Administration of Foreign Exchange (SAFE) issued the Circular of the SAFE on Relevant Issues Concerning the Pilot Reform in Certain Areas of the Administrative Method of the Conversion of Foreign Exchange Funds by Foreign-invested Enterprises ("Circular 36"), which came into effect on 4 August 2014.

We continue to see significant interest in setting up investment fund structures for the purpose of making single project/asset investments.

On 2 June 2011, PCCW Limited (stock code 8) announced that the Hong Kong Stock Exchange has confirmed it may proceed, subject to certain conditions, with a proposed spin-off which is expected to involve stapled securities.

In August 2019, the Exchange issued a consultation paper proposing to codify the factors to be considered when granting the Rule 3.28 Waiver.

The English High Court, in Triumph Controls UK Ltd v. Primus International Holding Co [2019] EWHC 565 (TCC)

As noted in our earlier post, Hong Kong published its long-awaited Code of Practice for Third Party Funding of Arbitration on 7 December 2018.

On 28 October 2024, the Financial Services and Treasury Bureau ("FSTB") of Hong Kong issued a policy statement on the responsible application of artificial intelligence ("AI") in the financial market ("Policy Statement").

Regulators are keen to see banks demonstrate how they are effectively assessing, documenting and mitigating the AML risks of their customers.