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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In 2017, the Chinese government issued several regulative measures to safeguard the rapid growth of China outbound investment. Specifically, the Administrative Measures for Outbound Investment (referred to as Measures), issued by the National Development and Reform Commission, forwards provisions for outbound investment entities, supervision methods and improving outbound investment supervision systems. As a result, China-based…
Read moreToday, 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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