Hong Kong’s decision to implement the 15 per cent global minimum tax for large multinational companies from 2025 could undermine the city’s efforts to offer tax incentives to attract new businesses, says Robert Lee, who is also a broker.
The London Metal Exchange and its parent, Hong Kong Exchanges and Clearing (HKEX), are ready to move forward and reboot investor confidence after winning a legal battle against American financial firms over cancelled nickel trades last year.
CSOP’s Saudi ETF is the first such fund to be listed in Asia, offering access to the US$1 trillion economy and the world’s biggest oil producer Saudi Aramco. The listing adds a feather in the cap of China-Middle East ties.