Tag: International Finance Centre
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Article 23 of the Basic Law: A Turning Point for Hong Kong’s Economy and Offshore Banking Sector
The impending enactment of Article 23 of the Basic Law in Hong Kong marks a significant pivot point for the region’s economy and its global financial hub status. This new national security law, aimed at prohibiting offenses such as treason, secession, sedition, and the theft of state secrets, is stirring considerable anxiety within the international…
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Isle of Man named International Finance Centre of the Year
The Isle of Man has won the award for International Finance Centre of the Year at the International Adviser Product and Service Awards. Local companies Ardan International, Nedbank and Momentum Pensions also took home awards. Martyn Perkins MHK, Member of the Department of Economic Development with responsibility for Financial Services, commented: ‘The Isle of Man…
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Cayman 8 points ahead of Guernsey in Banker magazine’s International Financial Centre survey
A survey by The Banker magazine shows that the Cayman Islands can hold their own against international standards relating to service or regulation. For the third time in a row, The Banker magazine’s 2011 International Financial Centre (IFC) survey has awarded the top spot to the Cayman Islands in the Specialized Financial Centre category, besting…