Search Results for: hong Kong
10 results out of 961 results found for 'hong Kong'.
ASIA REGULATORY ROUND UP – REVISED CODE OF CONDUCT ISSUED FOR SINGAPORE ACCOUNTANTS
SINGAPORE’S Accounting and Corporate Regulatory Authority (ACRA) has released a revised code of professional conduct and ethics for public accountants and accounting entities, to take effect from February 1.
The regulator has stressed that the standards will ensure Singapore continues to be aligned to international benchmarks.…
MULTINATIONALS STILL DOMINANT IN CHINA’S MAJOR PERSONAL CARE MARKET
CHINA’S huge cosmetics market remains a battleground for the world’s multinational personal care product players and they are still more than holding their own against local manufacturers and brands, especially in higher end segments.
The country’s overall cosmetics and personal care product market was worth Chinese Yuan Renminbi CNY274 billion (USD44 billion) in 2013, according to data provided by market analysts Euromonitor International.…
HONG KONG AND MACAO MAJOR CONDUITS FOR DIRTY MONEY LEAVING MAINLAND CHINA
CHINESE President Xi Jinping’s prominent ongoing anti-corruption, anti-money laundering campaign has been worrying mainland Chinese citizens who seek to move ill-gotten wealth from mainland China to China’s Special Administrative Regions Macau and Hong Kong. These two jurisdictions are China’s major conduits for dirty money because, once the money has been moved there, there are no limits on outbound money transfers.…
ASIA REGULATORY ROUND UP – SINGAPORE TIGHTENS ANTI-MONEY LAUNDERING RULES
THE RESPONSIBILITIES of Singapore accountants to report suspicions that their clients maybe involved in money laundering or terrorist finance have become tougher since November 1. New guidelines released by the Institute of Singapore Chartered Accountants (ISCA) have strengthened requirements for accounting firms to establish anti-money laundering (AML) and combating the financing of terrorism (CFT) controls.…
HONG KONG COSMETICS SALES SUFFER THROUGH PROTESTS, BUT LONGER TERM SALES THREATS LOOM
Yang Yuchen is annoyed that her package holiday to Hong Kong was cancelled this October. The stylish 25-year-old bank clerk had planned to spend the National Day week-long holiday (‘golden week’) dining, shopping and sight-seeing in Hong Kong. But the China Travel Service office in her hometown of Zhengzhou, a massive city in central China, cancelled its package tours to Hong Kong, meaning Yang could not get her Individual Visit Scheme permit which is required by most mainland Chinese tourists to enter the special administrative region.…
MAINLAND CHINA BATHROOM PRODUCTS SEGMENT IS BOOMING AND DEVELOPING
The mainland Chinese bathroom product market has in 2013 grown in value and volume at healthy year-on-year rates of 12.8% and 8.6% to USD2.7 billion and 3.06 billion units respectively. Canadean, the market research company producing these figures, attributes growing per capita consumption to rising incomes as well as the increased availability of products.…
AUSTRALIA DAIRY GIANT REASSURES CLIENTS AFTER PARENT PUT INTO RECEIVERSHIP
Marcus Derwin, the new managing director at Australia’s largest privately-owned milk processing company United Dairy Power (UDP), has said the company will continue to trade, despite its parent entering receivership. This follows financier Rabobank forcing UDP’s parent company, Hong Kong-owned Five Star United Foods, into receivership on November 10.…
HIGHER EDUCATION FRAUD TRAINING QUICKLY BECOMING INDUSTRY NORM
AS companies and government organisations implement more stringent fraud detection programmes, they are recruiting the best and brightest anti-fraud experts. Universities in North America, Australia, Europe and Asia are responding to demand for anti-fraud expertise by offering fraud prevention classes in accounting, criminology, and business degrees.…
CHINA’S CLOTHING SECTOR PONDERS SUSTAINABILITY – BUT A LOT OF WORK NEEDS TO BE DONE
CHINA clothing and textile manufacturers want to create a sustainable apparel industry in China that does not rely on cheap labour and poor environmental performance, but supplies competitive quality output that attracts international sales. That was the message given to a so-called ‘Integral Conversation’ conference on new development models, staged at Guilin City, Guangxi province, China, on November 18-19, staged by clothing manufacturer Esquel.…
US PORK PRODUCTION RISE WILL CONTINUE IN 2015, ALTHOUGH GROWTH RATES MAY SLACKEN – EXPERTS
AMERICAN pigmeat analysts have conformed to globalmeatnews.com that the recovery in US pork production will be sustained, with the pigmeat industry recovering strongly from the Porcine Epidemic Diarrhea virus (PEDv) outbreak.
The comments come after the US Department of Agriculture (USDA) forecasted earlier this month that American commercial pork production was set to reach 23.9 billion pounds for the year ending September 2015, exceeding the country’s beef output for the first time after 62 years.…