Incorporate hong kong offshore company

SINGAPORE: Singapore has cautioned wealth managers against aggressively marketing their services or making other efforts to woo clients to the city state by capitalising on rival Hong Kong's political turmoil , people with knowledge of the matter said. Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of Oversea-Chinese Banking Corp (OCBC), the people said, declining to be identified given the sensitivity of the matter. READ: Wealth managers head to Singapore as China concerns dim Hong Kong's lure The central bank told bankers it wanted to ensure wealth managers in Singapore were sensitive to the situation in Hong Kong and did not design campaigns specifically targeting business from Hong Kong, the people said. The move comes as Hong Kong has been thrown into turmoil by a proposed extradition bill - declared dead this week by its chief executive Carrie Lam - that for the first time would … [Read more...] about Singapore cautions wealth managers on aggressively courting Hong Kong business

HONG KONG: WeDoctor will push ahead with a Hong Kong listing and invite pitches from investments banks next week to lead an IPO valuing the Chinese healthcare platform at up to US$10 billion, two sources with direct knowledge of the matter said. The Hangzhou-based company, which is backed by Tencent Holdings Ltd and Goldman Sachs, could look to raise up to US$1 billion in the IPO, and could be among the first major Hong Kong listings since the coronavirus outbreak began. WeDoctor has invited investment banks in Hong Kong and mainland China to a 'beauty parade', which will be held via video conferencing and in person at the company's offices for bankers located in China, three sources said. The company's new chief financial officer John Cai, who is set to join from WeDoctor shareholder and strategic partner AIA where he was chief executive, will take part in the discussions from Hong Kong with bankers in the city. Founded in 2010 by artificial intelligence expert Jerry Liao, … [Read more...] about Tencent-backed WeDoctor invites banks to lead US$1 billion Hong Kong IPO, sources say

HONG KONG: Hong Kong police shot and wounded one protester on Monday as chaos erupted across the city a day after officers fired tear gas to break up demonstrations that are entering their sixth month. READ: Hong Kong protests: Tear gas fired in CBD, university as violence continues following shooting of protester READ: Hong Kong police shoot protester during morning clashes Following is a timeline of the key dates around a now-abandoned extradition Bill and the protests it triggered: February 2019 – Hong Kong's Security Bureau proposes amendments to extradition laws that would allow extraditions to countries, including mainland China, beyond the 20 states with which Hong Kong already has treaties. Mar 31 - Thousands take to the streets to protest against the proposed extradition Bill. Apr 3 - Hong Kong leader Carrie Lam's government introduces amendments to the extradition laws that would allow criminal suspects to be sent to mainland China for trial. … [Read more...] about Key dates in Hong Kong’s anti-government protests

HONG KONG/BEIJING: Beijing on Thursday (Jun 13) described the mass protests against Hong Kong's extradition bill as "riots", and said it supported the local government's response. Hong Kong Police Commissioner Stephen Lo He said what began as a peaceful gathering on Wednesday had degenerated into a riot with protesters "acting violently in an organised manner". Police arrested 11 people while 22 officers were injured and police had fired about 150 tear gas canisters, he said. Police used rubber bullets and tear gas to break up crowds Wednesday after demonstrators - angry over legislation they say would leave people vulnerable to China's opaque justice system - blocked roads and brought the city to a standstill. Videos of Hong Kong police beating protesters have sparked accusations of brutality. READ: Police face mounting brutality claims after Hong Kong clashes As of 5pm on Thursday, there were 81 casualties related to the protests, the Hospital Authority said. These … [Read more...] about Hong Kong police arrest 11, Beijing voices support for action against ‘riots’

HONG KONG: Tens of thousands of protesters surrounded the city's legislature on Wednesday (Jun 12), blocking major roads in a defiant show of strength against government plans to allow extraditions to China . Black-clad demonstrators, most of them young people and students, surrounded government offices, bringing traffic to a standstill as they called on authorities to scrap the Beijing-backed plan. Erecting barricades, they appear prepared to hunker down for an extended occupation of the area, in scenes reminiscent of pro-democracy "Occupy" protests that rocked the city in 2014. Rows of riot police were far outnumbered by protesters - many of whom wore face masks, helmets or goggles. READ: Explainer: Why proposed changes to Hong Kong's extradition law are fueling protests By late morning, with crowds continuing to swell, officials in the Legislative Council (Legco) said they would delay the second reading of the bill "to a later date". But they refused to … [Read more...] about Protests paralyse central Hong Kong as reading of extradition bill delayed