For corporate treasurers in Hong Kong and Singapore, risk mitigation strategies can only take you so far. CT looks at how the coronavirus recession will hit smaller economies hardest
The concept of central bank digital currencies are gaining ground, with the recent unveiling of plans by a Facebook-backed collective sending regulators scrambling to erect an alternative that has official legitimacy
Jul 16, 2019
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Companies setting up treasury centres in Hong Kong could be given greater scope to benefit from half-rate tax concessions, CT has learnt. However, it seems, the regulators are keen for companies to set up legal entities in the city to enjoy the tax perks.
Treasurers are broadly pleased with Hong Kong’s recent tax proposals to attract treasury centres, but they fear more needs to be done to differentiate the city from Singapore and Shanghai.
The People’s Bank of China has made the groundbreaking decision to allow banks greater flexibility in interest rate policy. For years it had been of the opinion that rigid control of rate policy would protect banks from painful losses on bad loans.