Sino Services

06/12/2021

Opening a corporate account:
What does a bank pay attention to when examining the profile of one's offshore company? 🌇

The OECD, with the support of almost all financially developed countries, has consistently pursued and is pursuing a policy of deoffshorization. A person lives, does business, registers a company and opens a bank account for it in one and the same country - that is the ideal businessman for the OECD. In this case opening an account is not a problem, and this account can be called a resident account...

Read full article on our website: https://sino-services.com/blog 📌

15/11/2021

Advanced Infrastructure of Hong Kong 🌇

ℹ️ Hong Kong is constantly developing as a comfortable environment while the government is doing everything possible to provide the best conditions for its citizens and visitors.

ℹ️ People from all over the world are satisfied with their visit to Hong Kong and are happy to come back again, but let’s see why.

Read full article on our website: https://sino-services.com/blog 📌

09/11/2021

What are the dominant companies on the HKEX?

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6 Trillion USD - largest stock exchange in Asia & six in whole world. More than 2,500 companies are HKEX’s listed, half of there are mainland Chinese companies.

Read full article on our website: https://sino-services.com/blog 📌

02/11/2021

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22/10/2021

The Nasdaq Golden Dragon China Index, which tracks the shares of Chinese companies listed in the U.S., is up more than 13% in October, set for its best month in a year.

The worst is over. After a long year of regulatory pain, that’s what financial markets now appear to be thinking about China’s biggest tech firms.

22/10/2021

In China, like elsewhere, many investors’ portfolios are over-allocated to domestic companies. Chinese exchanges account for roughly 10% of global stock market capitalization, but one global private bank estimates that its Chinese clients “hold somewhere between 30% and 50% of their assets in their home market.”

China’s rich aren’t sleeping well these days. As President Xi Jinping’s campaign to redistribute income gains momentum, the wealthy are on the defensive, deleting social media profiles and moving money around with an eye toward the next crackdown.

21/10/2021

The Hong Kong Monetary Authority (HKMA) announced the 19 eligible banks in Hong Kong which can launch the cross-boundary wealth management connect (cross-boundary WMC) services on 18 October. The banks, with their respective China partner banks, can start providing cross-boundary WMC services on 19 October at the earliest.

The HKMA announced the 19 eligible banks in Hong Kong which can launch the cross-boundary wealth management connect services on 18 October.

14/10/2021

Currently, Hong Kong ranks 14th among 30 countries worldwide in terms of virtual banking adoption rate.

The number of adults in Hong Kong with virtual bank accounts will rise to more than two million (32%) within a five-year period, a report showed.

11/10/2021

As of June 1, there were 9,049 overseas companies with a presence in the city, 24 more than there were the year before, according to the latest annual statistics by the government agency InvestHK.

As of June 1, there were 9,049 overseas companies operating in the city, 24 more than the year before, with an influx of mainland Chinese firms offsetting departures.

06/10/2021

The European Union announced the inclusion of Hong Kong in its watchlist on tax cooperation. It considered the non-taxation of certain foreign-sourced passive income in Hong Kong that might lead to situations of double non-taxation.

The European Union announced the inclusion of Hong Kong in its watchlist on tax cooperation on 5 October.

15/09/2021

plans to join , jointly invest in initiative economic and trade co-operation zones http://ow.ly/ZzXW50G4Y5j

08/09/2021

Hong Kong’s largest business group has predicted that the city’s gross domestic product will grow 6.3 per cent this year, an increase of nearly 3 percentage points on its previous projection.

City’s largest business group bases prediction on exports driven by increase in global demand for goods, and the fact Hong Kong has kept Covid-19 under control.