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Hong Kong Issues Advice On RMB Investment Products

Mary Swire Tax-news.com 01/18/2012

Hong Kong’s Securities and Futures Commission (SFC) has published a list of frequently asked questions on its website to help investors understand the key features and risks specific to a new class of investment products which directly invest in mainland China’s bond and equity markets.

London in HK link-up to trade in yuan Enoch Yiu South China Morning Post 01/18/2012	China to Encourage More Yuan Listings in Hong Kong FIONA LAW The Wall Street Journal 01/18/2012
Hong Kong will help London develop as the next offshore yuan trading centre, shrugging off traditional competition between the two cities as part of a broader plan to boost international usage of the currency.	Chinese securities regulators plan to encourage more mainland companies to seek yuan-denominated listings in Hong Kong, with further revisions to rules governing listings outside the mainland, a senior official said.
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CSA unveils new testing and certification laboratory in Hong Kong CSA Group 01/18/2012	Hong Kong's foreign assets rise over $1b in Dec China Daily 01/15/2012
CSA, a leading testing and certification organization, today officially announces the grand opening of a new, state-of-the-art testing and certification laboratory in Hong Kong. Equipped with advanced technology, the new lab will provide significant localized testing capabilities for manufacturing clients including: lighting, household appliances, battery operated tools, transformers, wiring devices and other electrical products. The unveiling of the Hong Kong facility follows two similar CSA announcements this week of laboratory openings in Shanghai and Guangzhou.	Hong Kong's foreign assets rose HK$8.1 billion ($1.0 billion) to HK$2.2 trillion at the end of December, the city's Exchange Fund said here on Friday.
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Standard & Poor's Cuts Credit Ratings for Nine Euro Zone Nations CNBC 01/15/2012	Fed’s Evans Says US Jobless Rate May Rise Joshua Zumbrun Bloomberg.com 01/15/2012
Standard & Poor's downgraded the credit ratings of nine euro zone countries, stripping France and Austria of their coveted triple-A status but not EU paymaster Germany, in a Black Friday 13th for the troubled single currency area.	Federal Reserve Bank of Chicago President Charles Evans said the drop in the unemployment rate to 8.5 percent may be partially reversed in coming months.
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Bank of America told Fed it could sell branches in emergency: source Rick Rothacker Reuters 01/15/2012	Hong Kong Deutsche Bank Manager Ma Sin-chi Charged for Taking HK$24.8 Million in Bribes Reuters 01/14/2012
Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.	A senior executive of Deutsche Bank AG has been charged in Hong Kong with accepting bribes in return for giving advice on trading derivative warrants, the city's anti-graft watchdog said on Thursday.
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