It is not a question that the global financial system has been subjected to strengthened banking supervision and standards since the financial crisis in 2008, in addition to “strenuous” efforts made to combat money laundering and terrorist financing. At the same time, banks have also become “overly cautious” taking their duty of due diligence and […]Read more "OCT 2016 EDITORIAL – CAN’T OPEN A BANK ACCOUNT? WELCOME TO A NEW ERA OF RED TAPE"
In his first public speech since assuming the post of US Consul General for Hong Kong and Macau, USCG Kurt W Tong places a great emphasis on the unique arrangement under which Hong Kong has flourished and continued to prosper, reinforcing the “close and friendly” US-Hong Kong relationship built upon a shared respect for certain […]Read more "OCT 2016 COVER STORY – US-HONG KONG RELATIONS: BUILDING ON SUCCESS"
Between the founding of the People’s Republic of China in 1949 and the re-opening of the Chinese market in 1979, China was an inward and isolated country; from 1979 to 2009, it became a destination for foreign direct investment and the world’s factory for consumables. The question is: how China will continue to evolve in […]Read more "CHINA BUSINESS – MANAGING THE TRANSITION: FOREIGN BUSINESS IN THE NEW CHINA"
By Kenny Lau Between the founding of the People’s Republic of China in 1949 and the re-opening of the Chinese market in 1979, China was an inward and isolated country which had fallen way behind the rest of the world; from 1979 to 2009, it gradually became a destination for foreign direct investment and ultimately […]Read more "CHINA CONFERENCE: THE NEW PATH OF CHINA"
By Jennifer Khoo Ever since Deng Xiaoping opened China’s doors to the world in 1978, the nation’s economy has grown from strength to strength. Foreign businesses raced to take advantage of China’s cheap manufacturing costs in exchange for Western investment and technical expertise, cementing China’s modern reputation as “The World’s Factory” for decades to follow. […]Read more "CHINA CONFERENCE: COLLABORATION & COMPETITION IN THE NEW CHINA"
By Nan-Hie In China’s Third Plenum in 2013 outlined sweeping economic, legal, market and social plans to improve the quality of life for citizens of the world’s second largest economy – a goal to be achieved through continuous restructuring of a largely state-led economic system and opening up to be a more open, market-friendly economy. […]Read more "CHINA CONFERENCE: CHINA’S REFORMS & HONG KONG’S ROLE"
By Wilson Lau Urbanization is a key policy in Mainland China, and because of China’s large population and scarcity of land and water, megacities – and cities conglomerate into mega regions – are a form of sustainable development envisioned to create hubs for commerce, culture and education, representing a significant departure from the manufacturing model […]Read more "CHINA CONFERENCE: CHINESE MEGACITIES & REGIONALIZATION"