Welcoming more than 100 delegates to Legal Week's third Corporate Counsel Forum Hong Kong, Solicitor General Frank Poon alluded to the city's recent ranking as 20th in the world for economic freedom and third as a global financial centre.
Baker & McKenzie has been voted ‘Employer of Choice’ in Hong Kong, Indonesia, Malaysia and the Philippines, according to a recent survey conducted by Asian Legal Business.
CSRC says it will strengthen supervision on whether public mutual funds have operated in accordance to regulations, and on enforcing compliance and implementation to protect the interest of investors.
The Government inquiry investigating regulation of Australia’s financial services industry has shied away from proposing strong regulatory action on virtual currencies and mobile wallets, suggesting a “graduated” regulation framework.
They warn, however, that being overly nationalistic could deter much-needed foreign capital investment in the banking sector.
Wayne McCurrie, who heads Momentum Wealth, said this was “not a disastrous situation” for the bank by any means.