Regulating equity crowdfunding in Hong Kong

2016 ◽  
Vol 45 (4) ◽  
pp. 319-339 ◽  
Author(s):  
John Kong Shan Ho

In March 2016, the Financial Services Development Council (FSDC) of Hong Kong published a paper to examine whether the financial market of Hong Kong should introduce regulatory framework to promote equity crowdfunding. This article examines the recent experiences of the United States and United Kingdom in setting a regulatory framework on equity crowdfunding and seeks to identify what Hong Kong can learn from its Anglo-American counterparts in regulating such activity. It is ultimately argued that these experiences provide a good platform for implementing a broadly similar regime in Hong Kong by permitting crowdfunding within the scope of current regulated activities.

2020 ◽  
Vol 11 (2) ◽  
pp. 394
Author(s):  
Natalia V. IVANOVSKAYA ◽  
Sergey S. ISAI

The authors explore regulatory innovations in financial services consumer protection in Hong Kong, Singapore, and the United States. It was revealed that: (1) the priority of such an alternative way of regulating financial demand with the participation of consumers as mediation is ensured by the activities of the FDRC Center in Hong Kong, and in Singapore – by the new law on mediation in 2017; (2) the creation of a unified mediation model, which is mandatory for all member states – the Singapore Convention on Mediation 2019 – will allow mediation to become the most widely used alternative way to resolve cross-border, including financial, disputes; (3) a positive result of the application of arbitration in the field of settlement of financial disputes with the participation of large banks can be achieved by creating certain conditions, including by attracting highly professional arbitrators with extensive practical experience, as, for example, was done by the Hong Kong International Arbitration Center (HKIAC); (4) on the example of the US experience, one can also identify another way to improve the mechanisms for resolving financial disputes, the goals and objectives of which are shifted from the vector of propaganda and updating alternative methods of resolving financial disputes to improving the mechanism for providing financial services; (5) the inclusion of a clause on the mandatory resolution of possible disputes in arbitration, as a mandatory part of the contract itself with consumers, indicates the deprivation of the right to choose the method of resolving the dispute by the consumer, and also deprives them of the right to file collective claims.


2007 ◽  
Vol 36 (2) ◽  
Author(s):  
Stephen Davison ◽  
Katharine E. S. Donahue

In August of 2004 the History & Special Collections of the Louise M. Darling Biomedical Library, UCLA purchased a collection of 625 AIDS posters from 44 countries including Australia, Austria, Canada, China (and Hong Kong), Costa Rica, France, Germany, India, Japan, Luxembourg, Martinique, The Netherlands, New Zealand, Papua New Guinea, Poland, Portugal, Spain, Switzerland, Tahiti, Uganda, the United Kingdom, and the United States. The posters were issued by a variety of institutions and organizations to educate and warn people about AIDS and to offer advice and information in visual form. Some are more blunt and graphic than others, and they come in many styles.


2016 ◽  
Vol 2 (1) ◽  
pp. 62-85 ◽  
Author(s):  
Timothy C. Johnson

This article develops a pragmatic theory of finance in which markets are considered to be centres of communicative action in the face of uncertainty. This contrasts with the conventional approach that portrays markets as centres of strategic action in the face of scarcity. The argument follows Habermas and entails that a financial market must address the truthfulness, truth, and rightness of the statements made by its participants (i.e., the prices quoted). I claim that these discursive norms have been implicit in historical financial markets as expressed in the norms of sincerity, reciprocity, and charity. I conclude by proposing that ‘trust’ in commerce is a synthesis of the three discursive norms. The motivation of the article is to address the crisis of legitimacy that the financial system is experiencing, particularly in the United Kingdom (UK) and the United States (US).


English Today ◽  
2005 ◽  
Vol 21 (4) ◽  
pp. 61-64 ◽  
Author(s):  
tom mcarthur

there are, as it were, three levels in the title of the discussion, each going further ‘out’ from hong kong, although the direction and perspective could as easily have been reversed, moving ‘inwards’ from the world to china to hong kong, one of history's most successful social, cultural, political, and economic anomalies. there could equally easily have been four levels: hong kong, china, asia, and the world, a framework that would even then have been simpler than, say, ‘london, england, the united kingdom, the european union, europe at large, and the world’, but much the same as ‘lagos, nigeria, africa, and the world’ or ‘los angeles, california, the united states, and the world’.


2020 ◽  
Vol 159 ◽  
pp. 06005
Author(s):  
Zhanar Oralbaeva ◽  
Orazgul Dzhakisheva ◽  
Karlygash Kurbanova ◽  
Assiya Naukanova

An increase in demand for alternative financial services contributes to the growing importance of Islamic finance for a part of the international financial market, which represents for Kazakhstan a viable and sustainable sphere of capital investment in times of crisis to diversify risks. The article reveals the features of functioning of Islamic banks, highlights the main tools of Islamic finance, highlights the development of Islamic finance in foreign countries, including Arab countries, European countries and the United States. The author analyzes the key stages of the development of Islamic finance in Kazakhstan and highlights the problems that impede its full implementation. The recommendations aimed at the development of Islamic instruments in the framework of the Kazakhstani economy are presented. In conclusion, it is concluded that the state is the main institution on whose actions the further functioning of Islamic finance in Kazakhstan depends.


2021 ◽  
Vol 46 (1) ◽  
pp. 60-70
Author(s):  
Mary Ho ◽  
Rudolf Mak

Using the World Christian Encyclopedia, 3rd edition ( WCE-3) as the springboard, this article explores the uniqueness of the Chinese missions movement from China, not including the overseas Chinese diaspora or Taiwan, Hong Kong, and Singapore. First, we provide an overview, context, and backdrop of the Chinese missions movement. Second, we compare and contrast China’s missions sending with that of (1) the United States/United Kingdom and (2) Brazil. We then highlight the unique characteristics of the Chinese missions movement and conclude with a future outlook.


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