As with the UK Charities Act 2006 ('CA 2006'), the presumption of charitable public benefit will likely cease when the Charities Ordinance (“CO”) comes into force in Hong Kong. The reference to the United Kingdom is important in the formulation of the organizing principles of public benefit;...

Since accession to the WTO, the liberalization of the Chinese planned economy to a market economy has evolved piecemeal. The risk management objective for the transition has been proceduralized in the form of regulation. The objective serves to benefit the infrastructure of the market economy....

Contains legal and regulatory rules of the five main financial entities/markets: Hong Kong, China, The United States, European Union and United Kingdom• Laws of each region are illustrated and compared.• Provides information on how these markets interact with each other to co-exist in the...

It aims to provide both legal and financial structures of banks and money matters in China. The publication covers all relevant topics related to the Chinese banking structure and law. It begins with a discussion on the historical development of Chinese banking law from the 1980s to present day,...

As a fact of commercial reality, the time value of money in the common law restitutionary claim is assumed to be reflected by compound interest. Such assumption is a misperception, as compound interest is a value that is independent from money. The user principle, in measuring the time value,...

-Illustrates the uniqueness of the Hong Kong banking supervisory and regulatory system;-Demystifies Hong Kong Money Authorities' monetary power in market stabilisation under the Basic Law;-Explains Hong Kong's Clearing system functions for the RMB offshore clearing hub; and-Examines and explains...

This paper argues that the Central Counterparty (CCP) clearing system will be able to provide an effective platform in dealing with counterparty risk and insolvency risk in OTC derivative transactions. First, this paper assesses how authorized institutions can enter an OTC derivative contract in...

This article argues against the quest for a concept in civil law trust. Instead, the argument for the registration of trust contract can achieve the exclusion of third parties or personal creditors of the trustee to satisfy their debts through trust properties. This is referred to as a...

When the Banking Act was brought into force in early 2009, it legitimised governmental power to interfere in the market-economy as well as providing a transparency of proceduralisation. The Act confers three bodies-the FSA, the Treasury and the Bank of England-with a power called the special...