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Hong Kong SAR
China Data Supplement November 2006 J People’s Republic of China J Hong Kong SAR J Macau SAR J Taiwan ISSN 0943-7533 China aktuell Data Supplement – PRC, Hong Kong SAR, Macau SAR, Taiwan 1 Contents The Main National Leadership of the PRC 2 LIU Jen-Kai The Main Provincial Leadership of the PRC 30 LIU Jen-Kai Data on Changes in PRC Main Leadership 37 LIU Jen-Kai PRC Agreements with Foreign Countries 47 LIU Jen-Kai PRC Laws and Regulations 50 LIU Jen-Kai Hong Kong SAR 54 Political, Social and Economic Data LIU Jen-Kai Macau SAR 61 Political, Social and Economic Data LIU Jen-Kai Taiwan 65 Political, Social and Economic Data LIU Jen-Kai ISSN 0943-7533 All information given here is derived from generally accessible sources. Publisher/Distributor: GIGA Institute of Asian Affairs Rothenbaumchaussee 32 20148 Hamburg Germany Phone: +49 (0 40) 42 88 74-0 Fax: +49 (040) 4107945 2 November 2006 The Main National Leadership of the PRC LIU Jen-Kai Abbreviations and Explanatory Notes CCP CC Chinese Communist Party Central Committee CCa Central Committee, alternate member CCm Central Committee, member CCSm Central Committee Secretariat, member PBa Politburo, alternate member PBm Politburo, member Cdr. Commander Chp. Chairperson CPPCC Chinese People’s Political Consultative Conference CYL Communist Youth League Dep. P.C. Deputy Political Commissar Dir. Director exec. executive f female Gen.Man. General Manager Gen.Sec. General Secretary Hon.Chp. Honorary Chairperson H.V.-Chp. Honorary Vice-Chairperson MPC Municipal People’s Congress NPC National People’s Congress PCC Political Consultative Conference PLA People’s Liberation Army Pol.Com. -
Prospectus E.Pdf
IMPORTANT If you are in any doubt about this prospectus, you should consult your stockbroker, bank manager, solicitor, professional accountant or other professional adviser. (Incorporated in Hong Kong with limited liability under the Companies Ordinance) GLOBAL OFFERING Number of Offer Shares in the Global Offering: 2,298,435,000 (subject to adjustment and the Over-allotment Option) Number of Hong Kong OÅer Shares: 229,843,500 (subject to adjustment) Maximum OÅer Price: HK$9.50 per OÅer Share payable in full on application in Hong Kong dollars, subject to refund Nominal Value: HK$5.00 per Share Stock Code: 2388 Joint Global Coordinators and Joint Bookrunners BOC International Goldman Sachs (Asia) L.L.C. UBS Warburg Holdings Limited Joint Sponsors BOCI Asia Limited Goldman Sachs (Asia) L.L.C. UBS Warburg Asia Limited The Stock Exchange of Hong Kong Limited and Hong Kong Securities Clearing Company Limited take no responsibility for the contents of this prospectus, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this prospectus. A copy of this prospectus, together with the documents speciÑed in the section headed ""Documents Delivered to the Registrar of Companies'' in Appendix VIII, has been registered by the Registrar of Companies in Hong Kong as required by Section 38D of the Companies Ordinance, Chapter 32 of the Laws of Hong Kong. The Securities and Futures Commission and the Registrar of Companies in Hong Kong take no responsibility as to the contents of this prospectus or any other document referred to above. -
The Globalization of Chinese Food ANTHROPOLOGY of ASIA SERIES Series Editor: Grant Evans, University Ofhong Kong
The Globalization of Chinese Food ANTHROPOLOGY OF ASIA SERIES Series Editor: Grant Evans, University ofHong Kong Asia today is one ofthe most dynamic regions ofthe world. The previously predominant image of 'timeless peasants' has given way to the image of fast-paced business people, mass consumerism and high-rise urban conglomerations. Yet much discourse remains entrenched in the polarities of 'East vs. West', 'Tradition vs. Change'. This series hopes to provide a forum for anthropological studies which break with such polarities. It will publish titles dealing with cosmopolitanism, cultural identity, representa tions, arts and performance. The complexities of urban Asia, its elites, its political rituals, and its families will also be explored. Dangerous Blood, Refined Souls Death Rituals among the Chinese in Singapore Tong Chee Kiong Folk Art Potters ofJapan Beyond an Anthropology of Aesthetics Brian Moeran Hong Kong The Anthropology of a Chinese Metropolis Edited by Grant Evans and Maria Tam Anthropology and Colonialism in Asia and Oceania Jan van Bremen and Akitoshi Shimizu Japanese Bosses, Chinese Workers Power and Control in a Hong Kong Megastore WOng Heung wah The Legend ofthe Golden Boat Regulation, Trade and Traders in the Borderlands of Laos, Thailand, China and Burma Andrew walker Cultural Crisis and Social Memory Politics of the Past in the Thai World Edited by Shigeharu Tanabe and Charles R Keyes The Globalization of Chinese Food Edited by David Y. H. Wu and Sidney C. H. Cheung The Globalization of Chinese Food Edited by David Y. H. Wu and Sidney C. H. Cheung UNIVERSITY OF HAWAI'I PRESS HONOLULU Editorial Matter © 2002 David Y. -
Hong Kong SAR
Hong Kong SAR 104 Doing Business in Asia Pacific SEPTEMBER 2020 Chapter 1: Introduction 108 Chapter 2: Business environment 110 2.1 Hong Kong’s free economy 110 2.2 Gateway to mainland China 111 2.3 International outlook 112 2.4 Well-established legal and financial infrastructures 112 2.5 Favourable tax regime 113 Chapter 3: Business and corporate structures 114 3.1 Limited company 114 3.2 Unincorporated businesses 116 3.3 Forms of business collaboration 116 Chapter 4: Takeovers (friendly M&A) 117 4.1 Introduction 117 4.2 Hong Kong company law 118 4.3 Other common legal issues 118 4.4 Typical documentation 119 4.5 Due diligence 120 4.6 Sale and purchase agreement 120 Chapter 5: Foreign investment 122 5.1 Overview of Hong Kong’s business and investment environment 122 5.2 Restrictions on foreign investment 123 Chapter 6: Restructuring and insolvency 124 6.1 Legal framework 124 6.2 Liquidation 124 6.3 Restructuring 125 6.4 International insolvency 126 Doing Business in Asia Pacific SEPTEMBER 2020 105 Chapter 7: Employment, industrial relations, and work health and safety 127 7.1 Basic employment rights 127 7.2 Employment contract 128 7.3 Expatriates 129 7.4 Termination 129 7.5 Work health and safety 130 Chapter 8: Taxation 131 8.1 Outline 131 8.2 Profits tax 131 8.3 Salaries tax 133 8.4 Property tax 134 8.5 Stamp duty 134 8.6 Tax disputes 135 8.7 Anti-avoidance 135 Chapter 9: Intellectual property 135 9.1 Trademarks 136 9.2 Copyright 136 9.3 Registered designs 137 9.4 Patents 137 9.5 Confidential information 138 9.6 Private information 138 -
Techwatch No. 39
TechWatch is a publication designed to alert members to topics and issues that impact on CPAs and their working environment. We welcome your comments and feedback. Comments and suggestions on TechWatch should be addressed to Stephen Chan, Executive Director by email. ISSUE 39 • November/December 2005 HEADLINES Season’s Greetings from The Hong Kong Institute of Certified Public Accountants Wishing you a Merry Christmas and a Peaceful and Prosperous New Year 聖誕快樂 新年進步 Spotlight 1. Handbook Updates No. 22 & 23 CPD & Events 2. Technical Update Evening (TUE) 3. Professional Development Activities January And February 2006 4. New CPD Requirements Effective From 1 December 2005 International Submissions 5. IASB Submissions 6. IAASB Submission 7. International Ethics Standards Board Submission Financial Reporting 8. Amendments To Standards Arising From Companies (Amendment) Ordinance 2005 9. New Transitional Provisions In HKAS 16 And HKAS 40 10. Institute Issues Accounting Guideline 5 And Withdraws SSAP 27 11. Institute Invites Comments On Two IASB Discussion Papers 12. FRSC Meeting Summaries – 12 October and 9 November 2005 Audit & Assurance 13. Institute Invites Comments On IAASB ED Of Improving The Clarity Of IAASB Standards 14. Innovation And Technology Fund – Revised Example Report By Auditors 15. AASC Meeting Summary – 26 October 2005 HEADLINES Ethics 16. New Code Of Ethics For Professional Accountants Corporate Governance 17. Results Of The 2005 Best Corporate Governance Disclosure Awards Announced Banking 18. Example Disclosure Note On Regulatory Reserve 19. Commencement Of Banking (Amendment) Ordinance 2005 Insolvency & Corporate Restructuring 20. Institute Comments On Draft Subsidiary Legislation Under Bankruptcy (Amendment) Ordinance 2005 Taxation 21. Revenue (Abolition of Estate Duty) Ordinance 2005 Gazetted 22. -
The Public Sector in Hong Kong
THE PUBLIC SECTOR IN HONG KONG IN HONG PUBLIC SECTOR THE THE PUBLIC SECTOR IN HONG KONG his book describes and analyses the role of the public sector in the T often-charged political atmosphere of post-1997 Hong Kong. It discusses THE PUBLIC SECTOR critical constitutional, organisational and policy problems and examines their effects on relationships between government and the people. A concluding chapter suggests some possible means of resolving or minimising the difficulties which have been experienced. IN HONG KONG Ian Scott is Emeritus Professor of Government and Politics at Murdoch University in Perth, Australia and Adjunct Professor in the Department of Public and Social Administration at the City University of Hong Kong. He taught at the University of Hong Kong between 1976 and 1995 and was Chair Professor of Politics and Public Administration between 1990 and 1995. Between 1995 and 2002, he was Chair Professor of Government and Politics at Murdoch University. Over the past twenty-five years, he has written extensively on politics and public administration in Hong Kong. G O V E P O L I C Y Professor Ian Scott’s latest book The Public Sector in Hong Kong provides a systematic analysis of Hong Kong’s state of governance in the post-1997 period Ian Scott R and should be read by government officials, politicians, researchers, students and N general readers who seek a better understanding of the complexities of the city’s M government and politics. E — Professor Anthony B. L. Cheung, President, The Hong Kong Institute of Education; N T Member, Hong Kong SAR Executive Council. -
Journal of Current Chinese Affairs
China Data Supplement October 2006 J People’s Republic of China J Hong Kong SAR J Macau SAR J Taiwan ISSN 0943-7533 China aktuell Data Supplement – PRC, Hong Kong SAR, Macau SAR, Taiwan 1 Contents The Main National Leadership of the PRC 2 LIU Jen-Kai The Main Provincial Leadership of the PRC 30 LIU Jen-Kai Data on Changes in PRC Main Leadership 37 LIU Jen-Kai PRC Agreements with Foreign Countries 44 LIU Jen-Kai PRC Laws and Regulations 48 LIU Jen-Kai Hong Kong SAR 49 Political, Social and Economic Data LIU Jen-Kai Macau SAR 56 Political, Social and Economic Data LIU Jen-Kai Taiwan 60 Political, Social and Economic Data LIU Jen-Kai ISSN 0943-7533 All information given here is derived from generally accessible sources. Publisher/Distributor: GIGA Institute of Asian Affairs Rothenbaumchaussee 32 20148 Hamburg Germany Phone: +49 (0 40) 42 88 74-0 Fax: +49 (040) 4107945 2 October 2006 The Main National Leadership of the PRC LIU Jen-Kai Abbreviations and Explanatory Notes CCP CC Chinese Communist Party Central Committee CCa Central Committee, alternate member CCm Central Committee, member CCSm Central Committee Secretariat, member PBa Politburo, alternate member PBm Politburo, member Cdr. Commander Chp. Chairperson CPPCC Chinese People’s Political Consultative Conference CYL Communist Youth League Dep. P.C. Deputy Political Commissar Dir. Director exec. executive f female Gen.Man. General Manager Gen.Sec. General Secretary Hon.Chp. Honorary Chairperson H.V.-Chp. Honorary Vice-Chairperson MPC Municipal People’s Congress NPC National People’s Congress PCC Political Consultative Conference PLA People’s Liberation Army Pol.Com. -
LC Paper No. CB(1)1911/09-10(04)
LCQ1: Chinese language proficiency requirements for appointment to the civil service Page 1 of 4 LC Paper No. CB(1)1911/09-10(04) LCQ1: Chinese language proficiency requirements for appointment to the civil service **************************************************** Following is a question by the Hon Ip Kwok-him and a reply by the Secretary for the Civil Service, Miss Denise Yue, in the Legislative Council today (January 20): Question: At present, the appointment requirements for most civil service posts stipulate that the applicants must meet the Chinese and English language proficiency requirements. Quite a number of Hong Kong permanent residents who are South Asians have relayed to me that they were not offered appointment to the civil service because they failed to meet the Chinese language proficiency requirements. In this connection, will the Government inform this Council: (a) among those persons applying for civil service vacancies at junior, middle and senior ranks in the recent three years, of the respective numbers of Hong Kong permanent residents of South Asian descent who had been appointed and rejected; (b) whether any of the permanent residents of South Asian descent in (a) were not appointed solely because their Chinese language proficiency did not meet the appointment requirements; if not, of the reasons why they were not appointed; and (c) of the details of the amendments made by the Government since the reunification in respect of the Chinese language proficiency requirements for appointment as civil servants (including expatriate civil servants) at different levels? Reply: President, As stipulated in Article 9 of the Basic Law and section 3 of the Official Languages Ordinance (Cap 5), both Chinese and English are the official languages of the Hong Kong Special Administrative Region (HKSAR). -
OFFICIAL RECORD of PROCEEDINGS Wednesday, 4
LEGISLATIVE COUNCIL ─ 4 February 2004 2781 OFFICIAL RECORD OF PROCEEDINGS Wednesday, 4 February 2004 The Council met at half-past Two o'clock MEMBERS PRESENT: THE PRESIDENT THE HONOURABLE MRS RITA FAN HSU LAI-TAI, G.B.S., J.P. DR THE HONOURABLE DAVID CHU YU-LIN, J.P. THE HONOURABLE CYD HO SAU-LAN THE HONOURABLE ALBERT HO CHUN-YAN IR DR THE HONOURABLE RAYMOND HO CHUNG-TAI, J.P. THE HONOURABLE LEE CHEUK-YAN THE HONOURABLE MARTIN LEE CHU-MING, S.C., J.P. DR THE HONOURABLE ERIC LI KA-CHEUNG, G.B.S., J.P. DR THE HONOURABLE DAVID LI KWOK-PO, G.B.S., J.P. THE HONOURABLE FRED LI WAH-MING, J.P. DR THE HONOURABLE LUI MING-WAH, J.P. THE HONOURABLE NG LEUNG-SING, J.P. THE HONOURABLE MARGARET NG 2782 LEGISLATIVE COUNCIL ─ 4 February 2004 THE HONOURABLE MRS SELINA CHOW LIANG SHUK-YEE, G.B.S., J.P. THE HONOURABLE JAMES TO KUN-SUN THE HONOURABLE CHEUNG MAN-KWONG THE HONOURABLE HUI CHEUNG-CHING, J.P. THE HONOURABLE CHAN KWOK-KEUNG, J.P. THE HONOURABLE CHAN YUEN-HAN, J.P. THE HONOURABLE BERNARD CHAN, J.P. THE HONOURABLE CHAN KAM-LAM, J.P. THE HONOURABLE MRS SOPHIE LEUNG LAU YAU-FUN, S.B.S., J.P. THE HONOURABLE LEUNG YIU-CHUNG THE HONOURABLE SIN CHUNG-KAI THE HONOURABLE ANDREW WONG WANG-FAT, J.P. DR THE HONOURABLE PHILIP WONG YU-HONG, G.B.S. THE HONOURABLE WONG YUNG-KAN THE HONOURABLE JASPER TSANG YOK-SING, G.B.S., J.P. THE HONOURABLE HOWARD YOUNG, S.B.S., J.P. -
Environment Hong Kong 2009
Established the Environmental Protection Department on April 1, bringing the majority of pollution prevention and control activities under one umbrella. Enacted Water Pollution Control Regulations under the Water Pollution Control Ordinance (1980). Declared the first water control zone (WCZ) at Tolo Harbour. Commenced the Sewerage Master Plan (SMP) programme to provide a blue print for the sewerage infrastructure required to collect sewage on a catchment-basis. Implemented the Livestock Waste Control Scheme. Enacted the Noise Control Ordinance to provide statutory powers for the control of noise from domestic and public places, construction sites, industrial and commercial premises and noisy products. Published the "White Paper on Pollution: A Time to Act" laying down a comprehensive ten-year plan to fight pollution. Published the statutory Waste Disposal Plan under the Waste Disposal Ordinance to set out a ten-year plan for developing new facilities and closing old ones. 1 Commissioned Hong Kong's first Refuse Transfer Station (RTS) at Kowloon Bay. Implemented the Air Pollution Control (Fuel Restriction) Regulations to limit the sulphur content and viscosity of fuel oils. Significant improvement was seen in ambient sulphur dioxide levels. Established the first two Local Control Offices (LCOs) to improve pollution control, services and liaison with the community. Introduced unleaded petrol on April 1 to reduce harmful lead pollution. Completed Hong Kong's first "over-road" noise barrier at Tate's Cairn Tunnel approach roads to protect adjacent high rise dwellings from road traffic noise. Saw an announcement in Governor's Address to the Legislative Council that all Executive Council policy and project papers will contain an Environmental Implications paragraph. -
2006 Economic Background and 2007 Prospects
2006 ECONOMIC BACKGROUND AND 2007 PROSPECTS ECONOMIC ANALYSIS DIVISION ECONOMIC ANALYSIS AND BUSINESS FACILITATION UNIT FINANCIAL SECRETARY’S OFFICE GOVERNMENT OF THE HONG KONG SPECIAL ADMINISTRATIVE REGION February 2007 CONTENTS Paragraphs CHAPTER 1: OVERVIEW OF ECONOMIC PERFORMANCE IN 2006 Overall situation 1.1 - 1.2 The external sector 1.3 - 1.4 The domestic sector 1.5 - 1.6 The labour sector 1.7 - 1.8 The asset markets 1.9 - 1.10 Inflation 1.11 - 1.12 GDP by economic activity 1.13 - 1.15 Strengthening Hong Kong’s role in the Mainland’s economic 1.16 - 1.19 development Some highlights of economic policy 1.20 - 1.22 Box 1.1 Productivity growth in Hong Kong CHAPTER 2: ECONOMIC OUTLOOK FOR 2007 AND THE MEDIUM TERM Major external factors 2.1 Global economic outlook 2.2 - 2.4 Exchange rates and price competitiveness 2.5 - 2.8 Oil prices 2.9 Major domestic factors Interest rate movements 2.10 - 2.11 Integration with the Mainland 2.12 - 2.14 Outlook for the Hong Kong economy in 2007 2.15 - 2.21 Medium-term outlook for the Hong Kong economy 2.22 - 2.23 Box 2.1 Exchange rate movement as a prominent factor affecting Hong Kong’s export performance CHAPTER 3: THE EXTERNAL SECTOR Visible trade Total exports of goods 3.1 - 3.4 Imports of goods 3.5 Invisible trade Exports of services 3.6 Imports of services 3.7 Visible and invisible trade balance 3.8 Trade policy and other developments 3.9 Strengthening institutional framework 3.10 - 3.12 Other policy measures 3.13 - 3.14 Box 3.1 How would US economic slow-down impact on Hong Kong’s exports? CHAPTER -
Ejournal of Tax Research
eJournal of Tax Research Volume 11, Number 3 December 2013 Special Edition: 10th Anniversary Edition CONTENTS 245 Editorial announcement Binh Tran-Nam Introduction to the 10th anniversary issue of the eJournal of Tax 246 Research Binh Tran-Nam, C John Taylor 259 Buenas notches: lines and notches in tax system design Joel Slemrod 284 Designing tax policy: constraints and objectives in an open economy Richard M. Bird, J. Scott Wilkie 321 The European Union constitution and the development of tax policy Nigar Hashimzade and Gareth Myles Far east tax policy lessons: good and bad stories from Hong Kong 342 Richard Cullen Crossed lines: two cases of tax policy incoherence 375 Sheila Killian Conduit companies, beneficial ownership, and the test of substantive 386 business activity in claims for relief under double tax treaties Saurabh Jain, John Prebble, Kristina Bunting Too rich to rein in? The under-utilised wealth tax base 434 Natalia Chatalova and Chris Evans © School of Taxation and Business Law (Atax), Australian School of Business The University of New South Wales ISSN 1448-2398 eJournal of Tax Research (2013) vol. 11, no. 3, pp. 342 - 374 Far east tax policy lessons: good and bad stories from Hong Kong Richard Cullen1 Abstract Some claim that Hong Kong is a remarkable tax policy museum while others say it is a centre of tax policy innovation – who is right? In fact, both views are credible. In both cases, these outcomes are the product of a near continuous economic dialectic - and happenstance - set within a particularly relevant culture. Textbook policy planning has provided after-the-fact rationales far more than it has generated future policy blueprints.