International Law

Whither Hong Kong?

By Stan

Enjoyable post on the Reuters Changing China blog on where Hong Kong stands these days in the financial community:

Many Asia bankers and dealmakers are based in Hong Kong but nowadasys many of them only stay in the territory for weekends. So where are they during the rest of the week? China, of course.

With deal flow suddenly picking up, it?s getting difficult to fix lunch or dinner appointments with bankers in Hong Kong during the work week, because they spend more time in Beijing, Shanghai and other mainland cities to have food or drinks with the potential China clients. (Changing China)

I know some folks who fit into this category and who live in Hong Kong these days just so they can avoid PRC Income Tax. Nice, that.
(More)

© Stan for China Hearsay, 2009. | Permalink | No comment | Add to del.icio.us
Post tags:

Full post as published by China Hearsay on September 08, 2009 (boomark / email).