Capital Management and Leverage of Foreign Bank Subsidiaries in a Host Country: A Case in Hong Kong

2015 ◽  
Author(s):  
Kelvin Ho ◽  
C. H. Hui ◽  
Ka-Fai Li ◽  
Jim Wong
Author(s):  
Horace Yeung

This chapter examines the potential discrepancies in the regulation applied to overseas issuers, as opposed to domestic issuers, of four leading financial centers. They are New York, London, Hong Kong, and Singapore. It consists of three substantive sections. The first section will reviews existing literature and empirical evidence concerning the motivations and current state of cross-listing. The second section examines the listing route for an overseas issuer and inquires how it might differ from a domestic listing in the host country. This chapter particularly concerns the potential discrepancies of rules between a foreign listing and a domestic listing and asks if those discrepancies would lead to better or inferior investor protection. The third section examines the continuing regulation of foreign-listed companies, reviewing some regulatory concerns involving cross-listed companies and discussing what can be done to curb the problems, for instance, through regulatory cooperation between home and host regulators.


Author(s):  
Alexandra O Zeitz ◽  
David A Leblang

Abstract Does international migration contribute to the spread of global commerce? Recent work demonstrates the relevance of international migration for patterns of investment, focusing on migrants’ role in facilitating investment from their host country to their country of origin. By contrast, we investigate the potential for migrants to attract inward investment into their host country. As customers, migrants shape the composition of the market in the country where they live, such that global networks of migrants can shape investment decisions of co-national firms. Focusing on a single sector, banking, we identify the mechanisms by which international migration attracts foreign investment. First, migrants may prefer home country banks, especially if they are excluded from financial services in their host country. Second, migrants require financial institutions to send remittances to their country of origin. We test these arguments using a global sample of foreign bank ownership data and find that bilateral migrant networks are a predictor of cross-border banking investment. These findings speak to how the composition of markets affects international investment, as well as the reinforcing relationship between two features of globalization: international migration and financial integration.


1995 ◽  
Vol 10 (4) ◽  
pp. 354-356

AbstractA foreign bank brought an action against three persons domiciled in the UAE, requesting the local court to enforce judgments which the bank had obtained against the three defendants in the Hong Kong High Court. The action was dismissed and the UAE court refused to enforce the foreign judgments on the ground that service of the summons was not properly effected on the defendants when the action was filed at the Hong Kong High Court. The court further held that as the defendants were domiciled in the UAE, the UAE courts had jurisdiction to hear the merits of the action and so the UAE courts should not enforce the foreign judgment. Whenever the UAE courts have jurisdiction on the subject matter, it will not be possible to enforce a foreign judgment. The only time foreign judgments will be enforceable in the UAE is if the UAE courts have no jurisdiction on the subject matter of the proceedings. Accordingly, the action was dismissed and the court refused to enforce the foreign judgment.


2012 ◽  
Vol 40 (3) ◽  
pp. 367-385 ◽  
Author(s):  
Claudia Curi ◽  
Paolo Guarda ◽  
Ana Lozano-Vivas ◽  
Valentin Zelenyuk

2018 ◽  
pp. 80-91
Author(s):  
Natalia TKACHENKO ◽  
Olexander MOMOT

Introduction. Openness to transnational financial flows is one of the most important indicators of the development of banking systems. The advocates of openness of banking systems for the entry of transnational banks as positive characteristics indicate increased competition in the banking sector, increased financial stability and efficiency, application of the newest management methods, diffusion of banking innovations, consolidation of both prudential standards and standards of regulation and supervision of banking activities. The purpose. The purpose of the article is to study the signs of globalization of financial space and the main forms of the presence of foreign banks in the territory of the host country and identify a set of risks and effects arising from the expansion of transnational bank capital. Results. The main consequences of the openness of banking systems for the expansion of transnational bank capital are investigated in the article. The main forms of the presence of foreign banks in the territory of the host country are identified, namely: representation of a foreign bank, a branch of a foreign bank, a bank with foreign participation and a subsidiary bank. The factors influencing the choice by a transnational bank of a certain organizational form of presence in foreign markets are determined. The differences in the behavior of branches of transnational banks and subsidiary banks in the financial markets of the host country are examined. A set of risks emerged in the case of the openness of the banking system and the presence of branches of transnational banks is identified. A set of effects generated by the expansion of transnational bank capital is investigated. Conclusions. The removal of barriers to capital flows must be coordinated with certain measures in macroeconomic policy. Failure to comply with this condition can lead to crisis phenomena, growth of external debt, especially short-term, and threaten the financial stability of the state.


2014 ◽  
pp. 01-26 ◽  
Author(s):  
Simon H. Kwan ◽  
◽  
Eric T.C. Wong ◽  
Cho-hoi Hui ◽  
◽  
...  

Author(s):  
Lorna K.P. Suen ◽  
Tika Rana

Nepali people are one of the ethnic minority immigrants of Hong Kong. This epidemiological investigation aims to determine and compare the knowledge level and hand hygiene (HH) behaviour of the Nepali people and the population of their host country (i.e., native Chinese population of Hong Kong). A total of 1008 questionnaires were collected via an online platform. The overall knowledge level of the native population towards HH was considerably higher than that of the Nepali respondents. Lower levels of knowledge in young and older people were noted. Reduced HH knowledge was also observed in people with low educational level or with comorbid illness(es). Significant differences between groups were noted in the self-reported hand washing behaviours. Regarding hand drying, more Nepalese than native Chinese respondents always/sometimes dried their hands on their clothing irrespective whether after performing handwashing in public washrooms or at home. Misconceptions and suboptimal practices on HH were prevalent in the two populations. The findings of this comparative study offer valuable information for the development of culturally sensitive health educational programs to enhance HH practices for the ethnic minorities and native Chinese population.


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