Read publication This Doing Business Guide to Hong Kong summarizes the requirements for the establishment and maintenance of a Hong Kong company and a branch and a representative office of a non-Hong Kong company, covering issues such as corporate services, taxation, immigration, mandatory provident fund, leasing, employment contracts and company…
On 20 July 2020, the UK Foreign Secretary, Dominic Raab, announced that the UK will extend to Hong…
On 24 June 2020, the China Banking and Insurance Regulatory Commission (CBIRC) issued a circular on Carrying out the Follow-up Checks for the Rectification of Market Problems in the Banking and Insurance Sectors (the “Circular”). The CBIRC proposes to launch follow-up checks to review the steps taken to correct industry problems identified in the past three years following some high-profile cases, particularly in the areas of corporate governance, risk management and repeated violations of several laws and regulations.
Our alert sets out a brief summary of key “follow-up” checks outlined in the Circular and provides some practical tips that we have developed from our own experience on how companies can ensure their compliance programs satisfy the guidelines. More information can be found in our guide on 5 Essential Elements Of Corporate Compliance.
Business models and consumer patterns have changed substantially in the financial services market driven by and driving digital transformation. Opening accounts online, without physically attending offices or branches, has become part of a new norm and is an essential rather than an additional channel to offer customers convenience. Money laundering and other fraud risks relating to remote customer onboarding have been topics of considerable debate over the past few years. With ongoing technological advances, the risk levels and risk appetites in the online environment are no longer the same. We will highlight a few key developments and trends in Hong Kong.
The Doing Business in China guide provides an introduction to selected aspects relating to investment and business operations…
Hong Kong was one of the earliest cities to be impacted by COVID-19 and is now just coming…
In brief With the slowdown in economic activity globally due to COVID-19, the number of cyber fraud cases from around the world has surged. The Hong Kong Police, the Action Fraud (UK’s National Fraud & Cyber Crime Reporting Centre), and the Australian Cyber Security Centre, have all recorded a significant…
In brief Hong Kong was one of the earliest cities to be impacted by COVID-19 and is now…
Your labour issues resolved – Employment | Immigration | Tax | Pension Having become the world’s second largest…
In continuation of Baker McKenzie’s Asia Pacific webinar series on the business impact of COVID-19, we bring you another panel of legal practitioners to share practical insights on further issues that impact your businesses. In this webinar, we reflect on supply chain impacts and discuss ways in which businesses are…