Hong Kong

Hong Kong is an autonomous territory, officially referred to as Hong Kong Special Administrative Region of the People's Republic of China, located in East Asia, on the Chinese province of Guangdong. The territory has over 7.3 million residents, making it the fourth most-densely populated region in the world.

Hong Kong maintains a separate political and economic system from China, under the “one country, two systems,” principle. Apart from the areas of military defense and foreign affairs, Hong Kong has independent executive, legislative, and judiciary power, from those of China. The region is actively involved in organizations like the Asia-Pacific Economic Cooperation and WTO.

The territory is considered one of the world’s most significant financial centres, as it possesses the highest financial development index score; further, Hong Kong consistently ranks as one of the most competitive and freest economies in the world. The most skyscrapers in the world are located in the territory, and with the highest life expectancy in the world, Hong Kong ranks highly in the Human development index rankings.

As a special administrative region of China, Hong Kong is led by an executive-parliamentary government which is modeled after the Westminster System. The Chief Executive serves as the head of the government, and the central government provides oversight of the regional government. The judicial system in the territory is derived from the common law system in English Law; Chinese national laws typically don’t apply to the territory. The Department of Justice handles legal matters for the government, and is in charge of providing legal advice, civil representation, criminal prosecution, legal/policy drafting, and international judicial cooperation with other jurisdictions.

The territory is based on a capitalist mixed service economy. Low taxation, minimal government market intervention, and established international markets govern this economy. Hong Kong is the 33rd largest economy in the world based on nominal GDP, and has the seventh largest Stock Exchange in the world. As an import centre for international finance and trade, the territory also has one of the greatest concentrations of corporate headquarters in Asia-Pacific. The territory is the seventh largest trading region (export and imports), and is one of the largest manufacturing economies in Asia.

The National Law Review covers news, stories, and the latest topics related to Hong Kong and Asia-Pacific. From energy news, to water sanitation and pollution control, the site provides readers up to date legal articles on these, and other developments. Cryptocurrency transactions and data news, CFIUS and international contracts, immigration, IP development, and the latest legislative and regulatory news from Hong Kong, are found on the National Law Review.

Date Title Organization
26
Feb
Anticipated Tightened Data Privacy Regulations: Raid on Worldcoin K&L Gates
26
Feb
Deep Fake of CFO on Videocall Used to Defraud Company of US$25M Squire Patton Boggs (US) LLP
15
Feb
SFC Circular on SFC-Authorized Funds with Exposure to Virtual Assets-Part 1 K&L Gates
12
Jan
SFC Circular on Intermediaries Engaging in Tokenized Securities Activities (Part 2) K&L Gates
29
Dec
SFC Circular on Intermediaries Engaging in Tokenized Securities Activities (Part 1) K&L Gates
28
Dec
Newly Issued Guidelines on Standard Contracts for Cross-boundary Data Flow Within the Greater Bay Area (i.e., Hong Kong, Macau and Nine Key Mainland Cities) Squire Patton Boggs (US) LLP
11
Dec
ICMA Working Group to Develop Voluntary Code of Conduct for Hong Kong ESG Ratings Cadwalader, Wickersham & Taft LLP
11
Dec
Hong Kong | Talent Engage Office Opens Berry Appleman & Leiden
27
Nov
Hong Kong Relaxes “Double Dipping” Restrictions for Large IPOs K&L Gates
20
Nov
Tokenized Products of SFC-Authorized Investment Products Can Be Offered to Retail Customers in Hong Kong K&L Gates
13
Nov
Hong Kong Delays Implementation of Listing Rules Amendments for Climate Disclosures To 2025 K&L Gates
13
Nov
Tokenization of SFC-Authorized Investment Products: What You Need to Know K&L Gates
8
Nov
Immigration Initiatives Announced Berry Appleman & Leiden
2
Nov
Hong Kong Backs Industry-Led Voluntary Code for ESG Ratings and Data Products Providers K&L Gates
30
Oct
Hong Kong Proposes Guidelines For Market Soundings K&L Gates
26
Oct
Hong Kong Stock Exchange Launches a New Blockchain-Based, Real-Time Settlement Platform K&L Gates
17
Oct
Hong Kong’s Central Banking Institution Directs Banks to Ramp Up Net Zero Transition Planning Cadwalader, Wickersham & Taft LLP
5
Oct
The Dual Licensing Regime for Virtual Asset Trading Platforms in Hong Kong – Part 3 K&L Gates
27
Sep
Hong Kong Monetary Authority Unveils Fintech Promotion Roadmap K&L Gates
18
Sep
President Biden Issues Executive Order Targeting Certain Investments in China Katten
6
Sep
New Executive Order Restricts U.S. Investments In China Barnes & Thornburg LLP
25
Aug
Joint Statement Published on Data Scraping and the Protection of Privacy Hunton Andrews Kurth
25
Aug
SFC Publishes Long-Awaited Conclusions on Enforcement-Related Reform Proposals K&L Gates
14
Aug
The Dual Licensing Regime for Virtual Asset Trading Platforms in Hong: Kong Key Highlights – Part 2 K&L Gates
17
Jul
The Dual Licensing Regime for Virtual Asset Trading Platforms in Hong Kong: Key Highlights – Part 1 K&L Gates
7
Jun
Philips Agrees to Pay $62M to Settle FCPA Books-and-Records Violations from Efforts to Win Chinese Contracts Bradley Arant Boult Cummings LLP
7
Jun
Hong Kong Initiates Privacy Compliance Checks on All Credit Reference Agencies Squire Patton Boggs (US) LLP
23
May
The Philippines and Hong Kong Sign Data Protection Mutual Assistance Agreement Squire Patton Boggs (US) LLP
14
Mar
Record-High Caseload Shows HKIAC’s Advantages for China-Related Arbitration Disputes ArentFox Schiff LLP
13
Feb
U.S. Extends, Expands Deferred Enforced Departure for Hong Kongers Jackson Lewis P.C.
27
Jan
Recent Developments on Hong Kong Virtual Assets Regulations K&L Gates
23
Jan
Asia Pacific Legal Market Summary January 2023 Major Lindsey & Africa
4
Jan
COVID-19 Restrictions Return for Travelers from China, Hong Kong, Macau Jackson Lewis P.C.
1
Jan
A COVID Surge in China Results in Renewed Restrictions for Travel to the United States Hunton Andrews Kurth
16
Dec
PCAOB Confirms Complete Access to Inspect and Investigate Chinese Auditing Firms Robinson & Cole LLP
13
Dec
Renewed Era of Crypto Assets Growth in Hong Kong K&L Gates
4
Oct
Features of the Hong Kong Airlines Restructuring Plan Katten
27
Sep
Asia Pacific Legal Market Summary September 2022 Major Lindsey & Africa
30
Aug
US, China Agree on Protocol for American Accounting Regulators to Inspect Audit Firms Based in China and Hong Kong Greenberg Traurig, LLP
29
Jul
Asia Pacific Legal Market Summary And Partner Moves - July 2022 Major Lindsey & Africa
26
May
Asia Pacific Legal Market Summary And Partner Moves - May 2022 Major Lindsey & Africa
13
Mar
Europol: More Than Half of Counterfeits Originate in China Schwegman, Lundberg & Woessner, P.A.
14
Jan
ESG Regulatory Developments in The UK, Japan, and Hong Kong K&L Gates
12
Jan
OFAC Settlement with Sojitz Hong Kong Highlights Benefit of Self-Disclosure and Cooperation, Jurisdictional Reach of U.S. Sanctions Against Iran Nelson Mullins
28
Oct
Mexico, China, and Hong Kong Origin Issues in the Trade Spotlight Vedder Price
22
Oct
Hong Kong Residents on U.S. Deferred Enforced Departure Can Apply for Employment Authorization Jackson Lewis P.C.
10
Aug
U.S. Advisory Cautions Businesses Operating in Hong Kong About China’s Crackdown Norris McLaughlin P.A.
9
Aug
Temporary Extension of Stay Authorized for Certain Hong Kong Residents in United States Jackson Lewis P.C.
22
Jun
The Hong Kong Stock Exchange's Consultation: Conclusions on the Main Board Profit Requirement K&L Gates
17
May
Hong Kong’s Carried Interest Tax Concession – Zero % Tax! Proskauer Rose LLP
 

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