Hong Kong's position as Asia's leading private equity fund-raising hub would be further cemented if proposed legislation to extend tax exemption to offshore private equity funds can be enacted this year. Oswald Chan reports.
Hong Kong's Securities and Futures Commission (SFC) announced Friday that the SFC and the China Securities Regulatory Commission (CSRC) have signed a memorandum of regulatory cooperation in respect of the Mainland- Hong Kong Mutual Recognition of Funds (MRF) and that the MRF would be implemented on July 1.
Hong Kong people don't need foreign think tanks to tell them they've become increasingly unhappy. They also know their discontent is firmly rooted in the widening wealth gap between the rich minority and the poor majority, while those in the middle are squeezed by skyhigh property prices and stagnant income.
The Chinese mainland's Taiwan affairs chief, Zhang Zhijun, will visit Kinmen County on May 23 to 24 at the invitation of Taiwan's mainland affairs chief, Andrew Hsia, a mainland official said on Friday.
Hong Kong Chief Executive Leung Chun-ying said on Tuesday that the government would employ different methods to explain its universal suffrage proposal to the community because it is a matter of great importance.
Chief Executive of China's Hong Kong Special Administrative Region (SAR) Leung Chun-ying said on Monday that the Hong Kong SAR government fully supports local graft-buster Independent Commission Against Corruption (ICAC).
An ongoing signature campaign for the support of universal suffrage of chief executive in 2017 in Hong Kong Special Administrative Region has collected 363,487 names so far, according to the campaign's website on Monday.