China’s US$46.5 billion cross-border channel presents Hong Kong a leg up in the Greater Bay Areasss

China’s regulators will extend the cross-border expense channel with Hong Kong and Macau to encompass prosperity management solutions, in a lengthy-awaited transfer that will increase Hong Kong’s standing as the offshore money centre of the world’s next-major money sector.

The Prosperity Management Join has formally kicked off involving Hong Kong, Macau, and the 9 provincial metropolitan areas in Guangdong known collectively as the Bigger Bay Place (GBA), according to a assertion by the Hong Kong Monetary Authority (HKMA).

The programme allows mainland Chinese investors domiciled in the GBA devote in authorised prosperity management goods in Hong Kong and Macau,

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Downtown Partnership’s manager presents aspects on his fork out and far more particulars of an expanded ‘ambassador’ plan

Joseph* Flaherty’s report in the Arkansas Democrat-Gazette this early morning on a proposal to commit $5.5 million of a city income tax raise with the Downtown Minor Rock Partnership led me to pose some questions to the non-public nonprofit’s executive director, Gabe Holmstrom.

To start with, I  questioned his refusal to convey to Flaherty his salary. It need to have been disclosed on the group’s federal tax submitting as a nonprofit, but, for some reason, it wasn’t in 2019. Every single dime the team spends should really be open, presented its reliance on public cash. It bought almost $200,000 in

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