Banks
In Hong Kong - world's 7th largest foreign exchange centre
Banks In
Hong Kong - World's 7th largest foreign exchange centre
You
may have seen the film National Treasure, in which Nicolas Cage has to
unlock a multi-layered puzzle to find a vast treasure. China is like
that for many investors - a virtually limitless treasure chest with an
enormous number of investment opportunities, if only you can find
the darned key. It’s certainly worth the effort. Within China, one
will find many doors and boxes guarding different fortunes for manufacturers
seeking low cost production, traders sourcing inexpensive products, companies
with unique products they want to sell to the 100+ million consumers with
relatively high disposable income, and pure investors who want to play
the real property market or invest in non-performing loans or China “B”
shares. Finding the correct keys to access China’s treasures is no easy
task. The good news is that Hong Kong is not only the gateway to China,
it holds the golden key to China’s many treasure chests. Hong Kong
offers a favorable and fairly simple tax regime with low salary taxes (standard
rate of 16%) and corporate profits taxes (17.5%), property tax (primary
revenue for government), and estate duty (which is likely to be abolished
in 2005). Hong Kong does not tax dividends, capital gains or offshore income
or profits and has tax exemption for interest income from authorized financial
institutions.
CCB is
one of the largest commercial banks in China. Our growth in China was
phenomenal over the past 5 years and we are now holding the 2nd largest
market share of the RMB deposit market in China.
Citi, the
leading global financial services company, has some 200 million customer
accounts and does business in more than 100 countries, providing consumers,
corporations, governments and institutions with a broad range of financial
products and services, including consumer banking and credit, corporate
and investment banking, securities brokerage, and wealth management.
a leading
financial services group in Taiwan which is engaged in corporate and
investment banking, financial markets, consumer finance, wealth management,
investment management and insurance.
provides
a comprehensive range of financial services through four customer groups
and global businesses: Personal Financial Services (including consumer
finance); Commercial Banking; Corporate, Investment Banking and Markets;
and Private Banking.
Banque
Invik is a Luxembourg-based bank comprising Private strives to provide
high value-added personalized financial services through a wide variety
of banking products and services, including deposits, investment, mortgage,
personal loans, life insurance, etc.
Personally,
I believe that unassailable wealth is the best protection against global
crisis. In the short term I think there are lots of reasons to be afraid.
Very afraid.
The Bank
provides both retail and commercial banking services, including deposits,
loans, remittances, foreign exchange, credit cards, securities trading
and trade finance.
The
Bank combines deep local knowledge with global capability and aims to be
the right partner for its customers. Standard Chartered is trusted
across its network for its standard of governance and its commitment to
making a difference in the communities in which it operates.
