Friday, 29 March 2013

Hong Kong Updates- Property market & Companies Ordinance

Property market – in a further attempt to cool Hong Kong’s property market, the Financial Secretary
announced on February 22nd a sudden change to the rates of valorem stamp duty ("AVSD").

Companies Ordinance - the first set of five pieces of subsidiary legislation for the implementation
of the new Companies Ordinance were gazetted on 1 February 2013, to cover the following topics:

Words and expressions in company names
(i.e. those not permitted),

Disclosure of company names and liability status
(e.g. at registered office and in certain documents),

Accounting standards,

Directors’ report, and

Summary financial reports.

Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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John Barclay -Email
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