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.

Custom text Title Organization
May
17
2021
Hong Kong’s Carried Interest Tax Concession – Zero % Tax! Proskauer Rose LLP
Nov
23
2020
Transatlantic Trade: US and Europe – Week of November 16, 2020 Squire Patton Boggs (US) LLP
Oct
20
2020
Foreign Financial Institutions (Including Banks, Insurers, Brokers, Travel Agencies, and Others) Face U.S. Sanctions for “Significant” Transactions With Sanctioned Hong Kong Officials Wiggin and Dana LLP
Oct
15
2020
Hong Kong and the New Opium War Squire Patton Boggs (US) LLP
Sep
2
2020
Recent Developments Surrounding the Tariff Treatment of Goods Made in Hong Kong Faegre Drinker
Aug
24
2020
The Arrival of Hong Kong’s Limited Partnership Fund Regime Proskauer Rose LLP
Jul
22
2020
Hong Kong Executive Order – July 14, 2020 Greenberg Traurig, LLP
Jul
20
2020
Recent Executive Order Revoking Hong Kong’s “Special Status” and Its Impact on Immigrant and Nonimmigrant Visas Mintz
Jul
16
2020
United States Withdraws Preferential Immigration-Related Treatment for Hong Kong Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Jul
7
2020
The U.S. Imposes New Export Control, Telecommunications and Other Measures in Response to China’s Actions in Hong Kong and Xinjiang Province Faegre Drinker
Jul
6
2020
New U.K. Immigration Route for Hong Kong Nationals Registered as British National (Overseas) Citizens Faegre Drinker
Jun
15
2020
Street Art Sent to Space & Other Headlines Wilson Elser Moskowitz Edelman & Dicker LLP
Jun
2
2020
President Trump Takes Stance on China, Hong Kong – What Was in the Presidential Announcement Squire Patton Boggs (US) LLP
Apr
14
2020
COVID-19: Reliefs and Support for Small and Medium Enterprises (“SMEs”) in Hong Kong K&L Gates
Mar
2
2020
Coronavirus – Further Updates on Travel Impact Mintz
Feb
17
2020
First Cross-Border Insolvency Case Recognising Mainland China Administrators In Hong Kong Squire Patton Boggs (US) LLP
Feb
5
2020
Hong Kong’s Economic Outlook Remains Positive Despite Challenges Squire Patton Boggs (US) LLP
Nov
8
2019
Hong Kong, PRC Launches New Patent System Effective December 19, 2019 Schwegman, Lundberg & Woessner, P.A.
Aug
23
2019
Update on List 4 Products Subject to Section 301 Tariffs and the U.S.-China Trade Negotiations Faegre Drinker
Aug
9
2019
D.C. Circuit Rules in Favor of Broad Reach of Patriot Act Subpoenas Ballard Spahr LLP
Jul
24
2019
Privacy Developments in China, Singapore and Hong Kong Sheppard, Mullin, Richter & Hampton LLP
May
30
2019
When Do the Hong Kong Courts Have Jurisdiction to Make a Bankruptcy Order Against a Foreign Debtor? Squire Patton Boggs (US) LLP
Feb
28
2019
Hong Kong’s New Unified Tax Exemption for Onshore and Offshore Privately-Offered Funds K&L Gates
Feb
11
2019
Global Financial Innovation Network Launch K&L Gates
Dec
20
2018
The Sky's the Limit: The Cathay Pacific and British Airways Data Hacks, and the GDPR Six Months On Katten
Nov
5
2018
Bridging the Weeks by Gary DeWaal: October 22 to November 2 and November 5, 2018 (UK and HK Regulation of Cryptoassets; EFRPs; Order Routing Disclosures; EU CCP Overreach) Katten
Aug
10
2018
CFTC Proposes Rules to Simplify Process for Foreign Clearing Organizations to Obtain DCO Registration Exemptions Katten
Jul
24
2018
Hong Kong SFC: E-Signature Verification Proposal to Boost Online Investing K&L Gates
Jul
12
2018
Developments in modern slavery regulation: U.K., Hong Kong and Australia Covington & Burling LLP
Jun
6
2018
Dubai Fintech Goes Global K&L Gates
Apr
11
2018
Back to Back Victories for the LGBT+ Community K&L Gates
Apr
4
2018
Are Your Employment Practices in Breach of Antitrust Law? Morgan, Lewis & Bockius LLP
Mar
8
2018
Highlighting Women’s Workplace Rights and Entitlements in the Asia-Pacific Region Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
Feb
12
2018
Hong Kong Regulators Take Action Against Cryptocurrency Exchanges And ICOs K&L Gates
Jan
24
2018
United States Is First Country to Join APEC Privacy Recognition for Processors Program Faegre Drinker
Jan
10
2018
Enhancing benefits for new fathers in Hong Kong Squire Patton Boggs (US) LLP
Jan
4
2018
CFIUS Filing Cleared: Zhengzhou Coal Mining Machinery Group Co., Ltd. (China), China Renaissance Capital Investment (China) and Robert Bosch Starter Motors Generators Holding GmbH (Germany) Squire Patton Boggs (US) LLP
Dec
13
2017
Landmark Same Sex Visa Application Judgment in Hong Kong Squire Patton Boggs (US) LLP
Dec
11
2017
First director sent to prison after MPF contributions default in Hong Kong Squire Patton Boggs (US) LLP
Dec
11
2017
November/December – Commercial and IP Development Update Squire Patton Boggs (US) LLP
Dec
8
2017
CFIUS Prefiling: HNA Group (International) Co., Ltd and Ness Technologies Squire Patton Boggs (US) LLP
Nov
8
2017
Pride and Prejudice: The Power of Apologies K&L Gates
Oct
11
2017
Hong Kong Launches Regulatory Sandbox K&L Gates
Oct
3
2017
September – Commercial and IP Development Update Squire Patton Boggs (US) LLP
Oct
3
2017
CFIUS Filing Withdrawn/Abandoned: NavInfo/Tencent/GIC Pte and HERE International Squire Patton Boggs (US) LLP
Sep
26
2017
FCA’S Hong Kong Hat Trick of FinTech Cooperation Agreements K&L Gates
Sep
11
2017
Hong Kong Securities and Futures Commission Statement on Initial Coin Offerings K&L Gates
Sep
10
2017
Upcoming/New CFIUS Filing: BlueFocus International Limited and Cogint Squire Patton Boggs (US) LLP
Sep
8
2017
Hong Kong and South Korea on ICOs K&L Gates
Aug
31
2017
Dubai and Hong Kong Sign Cooperation Agreement K&L Gates
 

NLR Logo

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up to receive our free e-Newsbulletins

 

Sign Up for e-NewsBulletins