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    Finance and insurance

    We provide high impact advice to institutions operating in the finance and insurance sectors, including insurance and reinsurance companies, insurance agents and brokers, financial service intermediaries, investment banking firms, fund managers and hedge funds. Our lawyers have significant experience representing clients on a broad range of transactional and regulatory compliance issues. We advise across several practice areas, including M&A, capital markets, corporate finance, funds and financial services. Charltons provides an insightful and highly personalised service, supporting our finance and insurance clients on complex issues by providing them with high impact, smart and practical advice.

     

    Hong Kong as the world’s financial centre

    Hong Kong is regarded as the gateway for overseas enterprises seeking access to the Mainland China market, and for Mainland China enterprises going international due to its free flow of information and capital, advanced financial infrastructure and effective regulatory regime. The business-friendly environment, low taxation and developed legal system of Hong Kong contribute to Hong Kong’s success as a major asset management, capital formation, banking and insurance hub.  According to the Financial Development Report released in 2012, Hong Kong ranked first in the World Economic Forum, surpassing the United States and the United Kingdom.

    The financial service industry is one of the four pillar industries of Hong Kong. According to the statistics of the Hong Kong government, 230,000 people (approximately 6% of Hong Kong’s entire workforce) were employed in the financial service industry in 2013. Further, Hong Kong is one of the largest banking centres in the world: 70 of the top 100 banks in the world have established a presence in Hong Kong.

    Hong Kong’s Role as an Offshore Renminbi (RMB) Centre

    Hong Kong has developed into the most comprehensive and competitive platform for offshore RMB business and has become the global hub for RMB trade settlement for local as well as overseas banks and companies. RMB trade settlement handled by banks in Hong Kong in 2013 totaled more than RMB3.8 trillion. Hong Kong also has the largest pool of offshore RMB liquidity. In 2013, the amount of RMB deposits and outstanding RMB certificates of deposits exceeded RMB1 trillion, representing 70% of the offshore pool of RMB liquidity. Hong Kong has a large offshore RMB business.

    A wide range of RMB financial assets is available in Hong Kong for local and international investors. In addition to dim-sum bonds, investors can also invest in a variety of investment funds, commodity-linked products, exchange-traded funds, REITs, and insurance policies. As at 31 December 2013, the outstanding amount of listed RMB funds and unlisted RMB funds in Hong Kong amounted to RMB37 billion and RMB24 billion respectively.

    Moreover, since the launch of the Shanghai-Hong Kong Stock Connect scheme in November 2014, a new channel for the cross-border use and circulation of RMB was created where Mainland China investors can invest in shares listed on the Hong Kong Stock Exchange, and local and international investors are able to invest in shares listed on the Shanghai Stock Exchange directly.

    Despite the fact that the liberalisation of the economy of Mainland China and the internationalisation of the RMB has brought many growth opportunities for Hong Kong, Hong Kong also faces various challenges and uncertainties. The gap between Hong Kong and Mainland China financial centres will continue to narrow as the infrastructure and governance in the Mainland China market is continuously strengthened and improving. The Shanghai Free Trade Zone which was established in August 2013 is one of the examples showing the determination of the Mainland China to liberalise its market.

    Further, China has begun exporting offshore RMB business to other financial centres such as Singapore and London, all jostling for a slice of the business. In 2013, Singapore and London accounted for around 7% and 6% of all offshore renminbi-denominated currency payments respectively.

    特码生肖赔率:Finance and insurance

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  • 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • 赵哲春季写真大公开 百变风格切换自如 2019-04-07
  • “无中生有”也能助力文旅 2019-04-07
  • 坚守一条红线 维护生态安全(在习近平新时代中国特色社会主义思想指引下——新时代新作为新篇章) 2019-04-07
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