FSDC releases publication “Laws, Regulations and Financial Services in Hong Kong”
Download → Laws, Regulations and Financial Services in Hong Kong
Hong Kong’s development is underpinned by the Basic Law, which enshrines the city’s governing principle of “One Country, Two Systems”, and makes the city the only jurisdiction adopting the common law system in the country.
“As an international financial centre, Hong Kong’s prosperity and stability thrive on the strong rule of law and judicial independence in its legal framework. The city also has a reliable and effective dispute resolution process that cements its standing as a premier deal-making hub.” said Laurence Li SC, the Chairman of FSDC. “Moreover, Hong Kong’s legal ecosystem is well supported by a cluster of stakeholders, with each of them playing a crucial role in maintaining a sound legal framework that ensures a level playing field for business. Hong Kong is therefore an ideal place as an operational hub for many international financial services firms in Asia.”
With an aim of exploring the key attributes of Hong Kong’s legal system that foster the development and enhancement of the financial services industry, the FSDC interviewed over a dozen prominent industry leaders of various background. The publication comprises views from such an exercise and focuses on four different topics: (i) deal making and finance; (ii) dispute resolution & court system; (iii) legal profession; and (iv) regulators. In addition to the written publication, a video series featuring the speakers is published on the FSDC website.
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