Objectives-based legislation - or laws which focus on achieving particular and concrete outcomes - has become a new and important tool that financial sector regulators use to tackle large and varied financial system risks. Yet, objectives-based legislation - and the frequent principles-based...

The survey, which took place from May to June this year, gathered the predictions of 215 professionals working in accounting, consultancy, education, financial ser vices, insurance, legal and other sectors in China

The main macro-financial risks relate to extensive linkages to Mainland China, stretched real estate valuations, and exposure to shifts in global market and domestic risk sentiment, compounded by escalating U.S.-China tensions. Stress tests show that the financial system is resilient to severe...

he Hong Kong Special Administrative Region (HKSAR) is among the world's major fintech hubs, well positioned to develop fintech initiatives from its traditional strengths in financial services. Key factors enabling the HKSAR to emerge as a fintech hub include its presence as an international...

EXECUTIVE SUMMARY Hong Kong SAR’s (HKSAR) financial sector is one of the largest and most developed in the world, ranking number one in the World Economic Forum Financial Development Index. The banking system, with assets of US$2 trillion and equivalent to 705 percent of GDP, is highly...

This report prepared for the European Commission gives an overview of data privacy protection in Hong Kong as at October 2009. It includes an analysis of the proposals put forward by the Hong Kong administration in a Consultation Document (2009) for reform of Hong Kong’s Personal Data...