Category: Wealth

Carrying more than HK$120,000 (currency or CNBIs) in or out of Hong Kong must now be declared to customs

From 16 July 2018, travellers to and from Hong Kong are now required to declare cash sums larger than HK$120,000. The Hong Kong Security Bureau announced the Cross-boundary Movement of Physical Currency and Bear Negotiable Instruments Ordinance in 2017 to tackle funds arriving in Hong Kong from illegal sources such as money laundering and terrorist…

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Investing in China: the basics of setting up your business and getting it right

Today, China’s increasingly open economic system, combined with an ever-growing middle-class, has paved the road to vast opportunities for foreign investors. Against the backdrop of a reform and economic transformation turned into a sustainable and innovative driven model, China inbound investment has entered a new era. Specifically, in China’s 13th 5-year plan the drive towards…

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The Belt and Road Initiative moves into Latin America with China-LAC Santiago Declaration

During the first quarter of 2018, China announced the introduction its Belt and Road initiative in Latin America. This announcement serves to deepen economic and financial cooperation between China and countries where the United States has traditionally had a heavy influence. The declaration, known as the Santiago Declaration, calls for bolstering trade and taking action…

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Trade and economic cooperation agreement signed between China and Eurasian Economic Union (EAEU)

On 18 May 2018, the China Ministry of Commerce (MOFCOM) announced the signing of the Trade and Economic Cooperation Agreement between China and the Eurasian Economic Union (EAEU). The agreement was signed at the Astana Economic Forum held in Astana, Kazakhstan, by the China International Trade Representative and Vice Minister of Commerce Fu Ziying, the…

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Smoothing the path to cross-border business connectivity: Horizons’ Roberto Gilardino discusses the China Collaborative Group

During 2018, Horizons remains highly focused on the efforts of its newly formed China Collaborative Group (CCG). The multidisciplinary legal services collective is designed to provide Chinese clients with cohesive strategic solutions that facilitate cross-border investment under the Belt and Road Initiative and other global economic trade platforms. The Square talks with Roberto Gilardino, Horizons…

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