Saving for Solicitors & Bankers Notice to Registrar Power to Appoint Inspector Production of Documents Entry and Search of Premises Provision for Security of Information Penalties for Documents Destruction Penalties for False Information Saving for Solicitors and Bankers Order for Inspection Ancillary Orders Disclosure or Use of Information Legal Professional Privilege Protection of Personal Data Directors of non-Private Companies Directors of Private Companies Liability for Acts of Alternates Written Record of Decision Secretary Restriction on Body Corporate Acting in Dual Capacity Qualification of Director Disposal of Company's Fixed Assets Notices of Resolutions Directors' Duty to Shareholders Provisions as to Bankrupts Validity of Acts of Directors Appointment of Directors Removal of Directors Minimum Age Limit for Directors Resignation of Director or Secretary Prohibition of Loans, etc. Excepted Transactions Consequences of Contravening 157H Criminal Penalties Register of Directors Keeping Register of Directors Duty to Make Disclosure Keeping an Index of Directors Directors with Unlimited Liability Limited Company: Special Resolution Particulars in Accounts Statements Annexed to Accounts Particulars in Accounts of Loans Further Provisions Relating to Loans General Duty to Make Disclosure Disclosure of Material Interests Management Contracts Contracts with Sole Member Payment for Loss of Office Approval of Company Requisite Director's Duty to Disclose Payment Payment of Damages in Certain Cases Supplementary Provisions Provisions as to Assignment of Office Provisions as to Liability of Officers Power to Compromise with Creditors Information as to Compromises Provisions for Reconstruction Successful Take-over Offer Alternative Remedy to Winding up Buy out by Share Repurchase Definition Application Members May Bring or Intervene Service of Written Notice Power to Strike out Proceedings Effect of Approval or Ratification General Powers of Court Protection of Personal Data Power of Court to Make Orders Discontinuance or Settlement Rules of Court Interpretation Disqualification Orders: General Conviction of Indictable Offence Persistent Breaches of Ordinance Disqualification for Fraud, etc. Disqualification of Unfit Directors Applications Under Section 168H Power to Order Public Examination Disqualification After Investigation Matters for Determining Unfitness Fraudulent Trading Criminal Penalties II Offences by Body Corporate Personal Liability for Company's Debts Application for Disqualification Order Application for Leave Under an Order Register of Disqualification Orders Regulations Transitional Modes of Winding up Liability as Contributories of Members Definition of Contributory Nature of Liability of Contributory Contributories in Case of Death Contributories in Case of Bankruptcy Jurisdiction to Wind up Companies Circumstances for Winding up Definition of Inability to Pay Debts Applications for Winding up Appearance of Official Receiver Powers of Court on Hearing Petition Hearing of Unopposed Petition Power to Stay or Restrain Avoidance of Dispositions of Property Avoidance of Attachments, &c. Commencement of Winding up Copy of Order to be Delivered Actions Stayed on Winding-up Order Effect of Winding-up Order Statement of Company's Affairs Report by Official Receiver Power to Appoint Liquidators Appointment of Provisional Liquidator Appointment, Style of Liquidators Person Other than Official Receiver General Provisions as to Liquidators Custody of Company's Property Vesting of Property of Company Powers of Liquidator Exercise of Liquidator's Powers Books to be Kept by Liquidator Payments of Liquidator into Bank Audit of Liquidator's Accounts Control of Official Receiver Release of Liquidators Meetings of Creditors&Contributories Constitution and Proceedings Powers of Court: No Committee Power to Stay Winding up Creditors' Voluntary Winding up Order under Section 209A Transitional II Settlement of List of Contributories Delivery of Property to Liquidator Debts Due by Contributory Power of Court to Make Calls Moneys Due to Company Contributory Conclusive Evidence Appointment of Special Manager Exclusion of Creditors not Proving Adjustment of Contributories Rights Inspection of Books by Creditors Power to Order Costs of Winding up Power to Summon Persons Power to Order Public Examination Jurisdiction of Registrar Power to Arrest Contributory Powers of Court Cumulative Delegation of Powers to Liquidator Dissolution of Company Otherwise Dissolution of Company: Court Order Court May Make a Regulating Order Appointment of Liquidator Compromises and Arrangements Proof of Debts Application of Ordinance Voluntary Winding up Voluntary Winding up Procedure Notice of Resolution to Wind up Commencement of Winding up Effect of Voluntary Winding up Avoidance of Transfers, &c. Certificate of Solvency Provisions Applicable to Winding up Power of Company to Appoint Power to Remove Liquidator Power to Fill Vacancy in Office Liquidator's Power to Accept Shares Duty of Liquidator to Call Creditors' Duty of Liquidator to Call Meeting Final Meeting and Dissolution Annual and Final Meetings Provisions Applicable to Creditors' Meeting of Creditors Appointment of Liquidator Appointment of Committee Fixing of Liquidators' Remuneration Power to Fill Vacancy in Office Application of Section 237 Duty of Liquidator to Call Meetings Final Meeting and Dissolution Provisions Applicable to Every Distribution of Property of Company Powers and Duties of Liquidator Appointing and Removing Liquidator Notice by Liquidator Binding on Creditors Power to Apply to Court Audit of Liquidator's Accounts Costs of Voluntary Winding up Saving for Rights of Creditors Debts of All Descriptions Application of Bankruptcy Rules Interest on Debts Extortionate Credit Transactions Preferential Payments Fraudulent Preference Fraudulently Preferred Persons Fraudulent Preference deemed to Effect of Floating Charge Disclaimer of Onerous Property Restriction of Rights of Creditor Duties of Bailiff as to Goods
Chapter: 32  COMPANIES ORDINANCE

Section 150 - Saving for solicitors and bankers - 30/06/1997

Section 151 - Notice to Registrar - 13/02/2004

Section 152 - Power of company to appoint inspector - 30/06/1997

Section 152A - Power of Financial Secretary to require production of documents - 30/06/1997

Section 152B - Entry and search of premises - 30/06/1997

Section 152C - Provision for security of information - 30/06/1997

Section 152D - Penalization of destruction, mutilation, etc. of company documents - 30/06/1997

Section 152E - Penalization of furnishing false information under section 152A - 30/06/1997

Section 152F - Saving for solicitors and bankers - 30/06/1997

Section 152FA - Order for inspection - 15/07/2005

Section 152FB - Ancillary orders - 15/07/2005

Section 152FC - Disclosure or use of information or document obtained as a result of inspection - 15/07/2005

Section 152FD - Legal professional privilege - 15/07/2005

Section 152FE - Protection of personal data - 15/07/2005

Section 153 - Directors of companies other than private companies - 13/02/2004

Section 153A - Directors of private companies - 13/02/2004

Section 153B - Directors vicariously liable for acts of alternates, etc. - 13/02/2004

Section 153C - Written record of decision of sole director of private company - 13/02/2004

Section 154 - Secretary - 13/02/2004

Section 154A - Restriction on body corporate being director - 01/04/2003

Section 154B - Avoidance of acts done by person in dual capacity as director and secretary - 30/06/1997

Section 155 - Qualification of director - 30/06/1997

Section 155A - Approval of company required for disposal by directors of company's fixed assets - 01/04/2003

Section 155B - Notices of resolutions to contain explanation of their effect and particulars of relevant interests of directors - 30/06/1997

Section 155C - Directors' duty to shareholders regarding prospectus or statement in lieu - 03/12/2004

Section 156 - Provisions as to undischarged bankrupts acting as directors - 11/11/1999

Section 157 - Validity of acts of directors - 30/06/1997

Section 157A - Appointment of directors to be voted on individually - 30/06/1997

Section 157B - Removal of directors - 13/02/2004

Section 157C - Minimum age limit for directors - 30/06/1997

Section 157D - Resignation of director or secretary - 13/02/2004

Section 157E - (Repealed 30 of 1994 s. 3) - 30/06/1997

Section 157F - (Repealed 30 of 1994 s. 3) - 30/06/1997

Section 157G - (Repealed 75 of 1993 s. 10) - 30/06/1997

Section 157H - Prohibition of loans, etc., to directors and other persons - 13/02/2004

Section 157HA - Excepted transactions - 13/02/2004

Section 157I - Civil consequences of transactions contravening section 157H - 13/02/2004

Section 157J - Criminal penalties for contravention of section 157H - 13/02/2004

Section 158 - Register of directors and secretaries - 13/02/2004

Section 158A - Place where register of directors and secretaries is kept - 30/06/1997

Section 158B - Duty to make disclosure for purposes of section 158 - 13/02/2004

Section 158C - Registrar to keep an index of directors - 11/11/1999

Section 159 - Limited company may have directors with unlimited liability - 30/06/1997

Section 160 - Special resolution of limited company making liability of directors unlimited - 30/06/1997

Section 161 - Particulars in accounts of directors' emoluments, pensions, etc. - 01/12/2005

Section 161A - Statements annexed to accounts showing certain items to include corresponding amounts for preceding financial year - 30/06/1997

Section 161B - Particulars in accounts of loans to officers, etc. - 13/02/2004

Section 161BA - Further provisions relating to loans to officers, etc. of authorized financial institutions - 13/02/2004

Section 161BB - Further provisions relating to quasi-loans and credit transactions, etc. - 13/02/2004

Section 161C - General duty to make disclosure for purposes of sections 161 and 161B - 13/02/2004

Section 162 - Disclosure by directors of material interests in contracts - 30/06/1997

Section 162A - Special provision relating to management contracts - 30/06/1997

Section 162B - Contracts with sole member who is also a director - 13/02/2004

Section 163 - Approval of company requisite for payment by it to director or past director for loss of office etc. - 30/06/1997

Section 163A - Approval of company requisite for any payment, in connexion with transfer of its property, to director or past director for loss of office etc. - 30/06/1997

Section 163B - Duty of director or past director to disclose payment for loss of office, etc., made in connexion with transfer of shares in company - 01/12/2005

Section 163C - Approval of company requisite for payment of damages or pension to director or past director in certain cases - 30/06/1997

Section 163D - Provisions supplementary to sections 163, 163A, 163B and 163C - 30/06/1997

Section 164 - Provisions as to assignment of office by directors - 30/06/1997

Section 165 - Provisions as to liability of officers and auditors - 13/02/2004

Section 166 - Power to compromise with creditors and members - 30/06/1997

Section 166A - Information as to compromises with creditors and members - 30/06/1997

Section 167 - Provisions for facilitating reconstruction and amalgamation of companies - 30/06/1997

Section 168 - Rights of company and minority shareholders in case of successful take-over offer - 30/06/1997

Section 168A - Alternative remedy to winding up in cases of unfair prejudice - 15/07/2005

Section 168B - Rights of company and minority shareholders in case of successful buy out by share repurchase - 30/06/1997

Section 168BA - Definition - 15/07/2005

Section 168BB - Application - 15/07/2005

Section 168BC - Members may bring or intervene in proceedings - 15/07/2005

Section 168BD - Service of written notice - 15/07/2005

Section 168BE - Court¡¦s power to strike out proceedings brought or intervention in proceedings by members under common law - 15/07/2005

Section 168BF - Effect of approval or ratification - 15/07/2005

Section 168BG - General powers of court - 15/07/2005

Section 168BH - Protection of personal data - 15/07/2005

Section 168BI - Power of court to make orders about costs - 15/07/2005

Section 168BJ - Discontinuance or settlement - 15/07/2005

Section 168BK - Rules of court - 15/07/2005

Section 168C - Interpretation - 13/02/2004

Section 168D - Disqualification orders: general - 30/06/1997

Section 168E - Disqualification on conviction of indictable offence - 01/07/1997

Section 168F - Disqualification for persistent breaches of Ordinance - 30/06/1997

Section 168G - Disqualification for fraud, etc., in winding up - 30/06/1997

Section 168H - Duty of court to disqualify unfit directors of insolvent companies - 30/06/1997

Section 168I - Applications to court under section 168H: reporting provisions - 01/07/2000

Section 168IA - Power to order public examination - 01/07/2000

Section 168J - Disqualification after investigation of company - 30/06/1997

Section 168K - Matters for determining unfitness of directors - 30/06/1997

Section 168L - Fraudulent trading - 30/06/1997

Section 168M - Criminal penalties - 30/06/1997

Section 168N - Offences by body corporate - 30/06/1997

Section 168O - Personal liability for company's debts where person acts while disqualified - 30/06/1997

Section 168P - Application for disqualification order - 30/06/1997

Section 168Q - Application for leave under an order - 30/06/1997

Section 168R - Register of disqualification orders - 01/04/2003

Section 168S - Regulations - 01/07/1997

Section 168T - Transitional - 30/06/1997

Section 169 - Modes of winding up - 30/06/1997

Section 170 - Liability as contributories of present and past members - 30/06/1997

Section 171 - Definition of contributory - 30/06/1997

Section 172 - Nature of liability of contributory - 30/06/1997

Section 173 - Contributories in case of death of member - 30/06/1997

Section 174 - Contributories in case of bankruptcy of member - 30/06/1997

Section 175 - (Repealed 27 of 1971 s. 15) - 30/06/1997

Section 176 - Jurisdiction to wind up companies - 01/07/1997

Section 177 - Circumstances in which company may be wound up by court - 13/02/2004

Section 178 - Definition of inability to pay debts - 13/02/2004

Section 179 - Provisions as to applications for winding up - 13/02/2004

Section 179A - Appearance of Official Receiver - 30/06/1997

Section 180 - Powers of court on hearing petition - 30/06/1997

Section 180A - Hearing of unopposed petition by Registrar of High Court - 01/07/1997

Section 181 - Power to stay or restrain proceedings against company - 01/07/1997

Section 182 - Avoidance of dispositions of property, &c. after commencement of winding up - 30/06/1997

Section 183 - Avoidance of attachments, &c. - 30/06/1997

Section 184 - Commencement of winding up by the court - 30/06/1997

Section 185 - Copy of order to be delivered to Registrar - 30/06/1997

Section 186 - Actions stayed on winding-up order - 30/06/1997

Section 187 - Effect of winding-up order - 30/06/1997

Section 188 - (Repealed 30 of 1999 s. 15) - 01/07/2000

Section 189 - (Repealed 6 of 1984 s. 136) - 30/06/1997

Section 190 - Statement of company's affairs to be submitted to provisional liquidator or liquidator - 01/07/2000

Section 191 - Report by Official Receiver or liquidator - 01/07/2000

Section 192 - Power of court to appoint liquidators - 01/07/2000

Section 193 - Appointment and powers of provisional liquidator - 30/06/1997

Section 194 - Appointment, style, etc. of liquidators - 01/07/2000

Section 195 - Provisions where person other than Official Receiver is appointed liquidator - 13/02/2004

Section 196 - General provisions as to liquidators - 01/07/2000

Section 197 - Custody of company's property - 30/06/1997

Section 198 - Vesting of property of company in liquidator - 30/06/1997

Section 199 - Powers of liquidator - 13/02/2004

Section 200 - Exercise and control of liquidator's powers - 30/06/1997

Section 201 - Books to be kept by liquidator - 30/06/1997

Section 202 - Payments of liquidator into bank or Treasury - 11/11/1999

Section 203 - Audit of liquidator's accounts - 30/06/1997

Section 204 - Control of Official Receiver over liquidators - 30/06/1997

Section 205 - Release of liquidators - 30/06/1997

Section 206 - Meetings of creditors and contributories to determine whether committee of inspection shall be appointed - 30/06/1997

Section 207 - Constitution and proceedings of committee of inspection - 30/06/1997

Section 208 - Powers of court where no committee of inspection - 30/06/1997

Section 209 - Power to stay winding up - 30/06/1997

Section 209A - Power of court to order winding up to be conducted as creditors' voluntary winding up - 01/07/2000

Section 209B - Consequences of an order under section 209A - 30/06/1997

Section 209C - Transitional - 30/06/1997

Section 210 - Settlement of list of contributories and application of assets - 30/06/1997

Section 211 - Delivery of property to liquidator - 30/06/1997

Section 212 - Payment of debts due by contributory to company and extent to which set-off allowed - 30/06/1997

Section 213 - Power of court to make calls - 30/06/1997

Section 214 - Payment into bank of moneys due to company - 30/06/1997

Section 215 - Order on contributory conclusive evidence - 30/06/1997

Section 216 - Appointment of special manager - 01/07/2000

Section 217 - Exclusion of creditors not proving in time - 30/06/1997

Section 218 - Adjustment of rights of contributories - 30/06/1997

Section 219 - Inspection of books by creditors and contributories - 30/06/1997

Section 220 - Power to order costs of winding up to be paid out of assets - 30/06/1997

Section 221 - Power to summon persons suspected of having property of company - 30/06/1997

Section 222 - Power to order public examination of promoters, directors, etc. - 01/07/2000

Section 222A - Jurisdiction of Registrar - 08/07/2005

Section 223 - (Repealed 6 of 1984 s. 154) - 30/06/1997

Section 224 - Power to arrest absconding contributory or officer - 30/06/1997

Section 225 - Powers of court cumulative - 30/06/1997

Section 226 - Delegation to liquidator of certain powers of court - 30/06/1997

Section 226A - Dissolution of company otherwise than by order of court - 13/02/2004

Section 227 - Dissolution of company by order of court - 30/06/1997

Section 227A - Court may make a regulating order - 30/06/1997

Section 227B - Appointment of liquidator and committee of inspection - 30/06/1997

Section 227C - Informing creditors and contributories and ascertaining their wishes and directions - 30/06/1997

Section 227D - Compromises and arrangements with creditors - 30/06/1997

Section 227E - Proof of debts - 30/06/1997

Section 227F - Application of Ordinance to small winding up - 01/07/2000

Section 228 - Circumstances in which company may be wound up voluntarily - 13/02/2004

Section 228A - Special procedure for voluntary winding up of company in case of inability to continue its business - 08/09/2004

Section 229 - Notice of resolution to wind up voluntarily - 30/06/1997

Section 230 - Commencement of voluntary winding up - 13/02/2004

Section 231 - Effect of voluntary winding up on business and status of company - 30/06/1997

Section 232 - Avoidance of transfers, &c., after commencement of voluntary winding up - 30/06/1997

Section 233 - Certificate of solvency in case of proposal to wind up voluntarily - 13/02/2004

Section 234 - Provisions applicable to members' winding up - 30/06/1997

Section 235 - Power of company to appoint and fix remuneration of liquidators - 30/06/1997

Section 235A - Power to remove liquidator - 30/06/1997

Section 236 - Power to fill vacancy in office of liquidators - 30/06/1997

Section 237 - Power of liquidator to accept shares, &c. as consideration for sale of property of company - 01/07/1997

Section 237A - Duty of liquidator to call creditors' meeting in case of insolvency - 13/02/2004

Section 238 - Duty of liquidator to call general meeting at end of each year - 30/06/1997

Section 239 - Final meeting and dissolution - 30/06/1997

Section 239A - Alternative provisions as to annual and final meetings in case of insolvency - 30/06/1997

Section 240 - Provisions applicable to creditors' winding up - 30/06/1997

Section 241 - Meeting of creditors - 30/06/1997

Section 242 - Appointment of liquidator - 30/06/1997

Section 243 - Appointment of committee of inspection - 30/06/1997

Section 244 - Fixing of liquidators' remuneration and cesser of directors' powers - 30/06/1997

Section 245 - Power to fill vacancy in office of liquidator - 30/06/1997

Section 246 - Application of section 237 to a creditors' voluntary winding up - 30/06/1997

Section 247 - Duty of liquidator to call meetings of company and of creditors at end of each year - 30/06/1997

Section 248 - Final meeting and dissolution - 30/06/1997

Section 249 - Provisions applicable to every voluntary winding up - 30/06/1997

Section 250 - Distribution of property of company - 30/06/1997

Section 251 - Powers and duties of liquidator in voluntary winding up - 30/06/1997

Section 252 - Court may appoint and remove liquidator in voluntary winding up - 30/06/1997

Section 253 - Notice by liquidator of his appointment or ceasing to act - 13/02/2004

Section 254 - Arrangement, when binding on creditors - 30/06/1997

Section 255 - Power to apply to court to have questions determined or powers exercised - 30/06/1997

Section 255A - Audit of liquidator's accounts in voluntary winding up - 30/06/1997

Section 256 - Costs of voluntary winding up - 30/06/1997

Section 257 - Saving for rights of creditors and contributories - 30/06/1997

Section 258 - (Repealed 6 of 1984 s. 179) - 30/06/1997

Section 259 - (Repealed 6 of 1984 s. 179) - 30/06/1997

Section 260 - (Repealed 6 of 1984 s. 179) - 30/06/1997

Section 261 - (Repealed 6 of 1984 s. 179) - 30/06/1997

Section 262 - (Repealed 6 of 1984 s. 179) - 30/06/1997

Section 263 - Debts of all descriptions to be proved - 30/06/1997

Section 264 - Application of bankruptcy rules in winding up of insolvent companies - 30/06/1997

Section 264A - Interest on debts - 13/02/2004

Section 264B - Extortionate credit transactions - 13/02/2004

Section 265 - Preferential payments - 25/09/2006

Section 266 - Fraudulent preference - 30/06/1997

Section 266A - Liabilities and rights of certain fraudulently preferred persons - 30/06/1997

Section 266B - Fraudulent preference deemed to be an unfair preference - 01/04/1998

Section 267 - Effect of floating charge - 30/06/1997

Section 268 - Disclaimer of onerous property in case of company wound up - 30/06/1997

Section 269 - Restriction of rights of creditor as to execution or attachment in case of company being wound up - 01/07/1997

Section 270 - Duties of bailiff as to goods taken in execution - 30/06/1997

Our latest offshore news
30/09/2006
Welcome to join our discussions
on Offshore Companies, Incorporations,
Jurisdictions, etc..
23/10/2007
A company operating in Hamburg, Beiersdorf Aktiengesellschaft has recently announced entering a share purchase agreement with a BVI-incorporated Global Source Investments Limited and Hong Kong-incorporated C-BONS Holding (International) Limited.
02/07/2007
Hong Kong Financial Secretary Henry Tang suggests that issuing renminbi-denominated financial bonds in Hong Kong will reinforce its banking status. Monetary Authority Chief Executive Joseph Yam has also commented on this issue.
20/06/2007
According to the data released by the Census & Statistics Department of Hong Kong, the BVI is one of the top destinations for Hong Kong's external factor income outflow and inflow in Quarter 1 of 2007.
15/06/2007
The government of Hong Kong has published its final report on the public consultation on tax reform to provide recommendations about exploring some options aimed at the development and enlargement of narrow tax base in Hong Kong.
02/06/2007
On May 28, 2007, the launch of Unsolicited Electronic Messages Ordinance from June 1 was announced by Hong Kong's Commerce, Industry & Technology Bureau. The Ordinance is to be carried out in 2 phases.
20/05/2007
At the Swiss Private Bankers' Association's meeting, Hong Kong Financial Secretary Henry Tang invited swiss bankers to use Hong Kong as a regional base for managing their businesses in Asia.
12/05/2007
At the Hong Kong Economic and Trade Office Seminar named "Hong Kong - New Opportunities as an International Financial Centre", Joseph Yam announced a strategy to make a greater Hong Kong's contribution to the reform and liberalisation of the Mainland China and to maintain the status of Hong Kong as an international financial centre.
27/04/2007
On April 25, 2007, Hong Kong Financial Secretary Henry Tang told legislators that from 2004 to 2005 growth in Hong Kong's combined fund-management business was on 25%.
12/04/2007
According to the Global Financial Centers Index (GFCI), Hong Kong is the 3rd most competitive financial centre in the world.
30/03/2007
India's largest public sector bank in terms of aggregate business, Canara Bank announced that it is opening the 1st branch in Hong Kong, which is an expanding move for the bank.
12/03/2007
At the 14th APEC SME Ministerial Meeting, Director-General of the Hong Kong Trade & Industry department, stated that Hong Kong's favourable business environment is underpinned by the rule of law, free flow of capital and information, a low and simple tax regime, an independent judiciary and an efficient government.
21/02/2007
According to the announcement made by the Hong Kong Monetary Authority (HKMA) on February 7, 2007, Hong Kong's official foreign currency reserve assets amounted to the total of USD 133.7 billion in the end of January 2007.
09/02/2007
Hong Kong Monetary Authority announced the amount of official foreign currency reserve assets on the end of January 2007, which totalled at USD 133.7 billion.
01/02/2007
Rewrite of the Companies Ordinance will bring substantial benefits to Hong Kong, especially in strengthening competitiveness of the jurisdiction and its status as a global business and financial centre.
29/01/2007
Hong Kong is to receive benefits from increased links with the market of mainland China, as stated by Hong Kong Monetary Authority Chief Executive.
26/01/2007
New Anti-Money Laundering rules are introduced by Hong Kong's Security Bureau. Customers' identities and record transactions of HK$ 8 000 dollars or more must be verified by remittance agents and money changers.
17/01/2007
The Heritage Foundation has ranked Hong Kong as the freest economy in the world for the 13th consecutive year. It is followed by Singapore and Australia.
06/01/2007
Comparing to 2005, property sale and purchase agreements in Hong Kong in 2006 fell 19.9%. This fact was released on January 4, 2007 by the Land Registry.
03/01/2007
Financial Secretary of Hong Kong, Henry Tang understands people's high expectations for the 2007-2008 Budget, however, he suggests the necessity of a balance between the interests of different parties when devising it.
21/12/2006
In November, inflation in Hong Kong accelerated to 2.2% on higher clothing, housing and food prices. To compare this figure, the Census and Statistics Department indicates 2% inflation in October.
08/11/2006
According to the IMF, the economy of Hong Kong is expected to grow by 6% this year and maintain growth of 5% in 2007. The IMF stated that growth prospects will depend on the management and expanding the evolving financial integration with the Mainland.
30/10/2006
In Hong Kong, two new banking regulations have been gazetted to be tabled at the Legislative Council on November 1. These are the Banking (Capital) Rules and Banking (Disclosure) Rules. The rules are to be in force from January 1, 2007.
18/10/2006
According to the UN's World Investment Report 2006, Hong Kong attracted USD 35.9 billion in foreign direct investment (FDI) last year, up 5.6% on 2004. So, Hong Kong is the 2nd-largest FDI destination in Asia after China, which amassed USD 72.4 billion.
16/10/2006
Hong Kong is likely to refuse discussing joining the EU's tax information-sharing scheme applied under the Savings Tax Directive. The EU would like to sign the Agreement and include information-sharing there.
25/11/2007
Recently, the Seychelles International Business Authority has sponsored Asia Offshore Association (AOA) Conference in Vietnam, and International Tax Planning Association (ITPA) meeting in Hong Kong.