Latest news for your Hong Kong company

More good news is coming from Hong Kong banks. After a flood of complaints from business owners who were having trouble opening new accounts due to strict international anti-fraud regulations, Hong Kong’s Monetary Authority will introduce new guidelines to help banks better conduct the risk-based approach in granting and retaining…

Earlier this year banks around the world tightened requirements for new bank accounts and many control measures have been put in place as a result of intense pressure from regulators particularly from the perspective of anti-money laundering and terrorist financing. 

A Wholly Foreign-Owned Enterprise is an investment vehicle for mainland China based business wherein foreign parties can incorporated a foreign owned limited company. Unlike most other investment entities in China, there is no need to involve a mainland Chinese investor.