Businessmen should have some law knowledge and understand the civil and criminal consequence. Consult a lawyer whenever in need.
From 1st Jan 2020, China has a new “Foreign Investment Law” to replace the old one which was in force for near 40 years. The new law treats mainland and foreign businesses in equality. At the same time, certain administrative procedures are simplified to provide convenience to foreign investment in China. Expert from HKTDC Research … Read more
Yesterday (2020/08/07), the US Treasury announced to impose sanctions on China and Hong Kong 11 officials who harm Hong Kong autonomy and human rights.These major officers include the Chief Executive Carrie Lam, the Secretary of Justice Teresa Cheng, the Commissioner of Police PK Tang etc. All Americans and American companies cannot deal with the sanctioned … Read more
5G (5th generation technology standard for cellular networks) is available in many countries. Comparing to 4G, 5G has faster transmission, lower latency and less power consumption. It is suitable for “Internet of Things” (or IoT) that will transform significantly how logistic and business work. It is also important to understand the legal requirement during IoT … Read more
The Chief Executive of Hong Kong SAR Carrie Lam announced yesterday (31st Jul) that the coming Legco election will be postponed, from 6th Sep 2020 to 5th Sep 2021, by the Emergency Regulations Ordinance. The CE said the hard decision is purely based on the current COVID-19 pandemic to protect Hong Kong public health. Nevertheless, … Read more
A chat with my friends from business chamber (not at a restaurant but WhatsApp) and all agreed that it is so hard for business now. “Last year it was just messy, once it looked ok and COVID-19 came.” “Cases were less then we had the national security law. My business is all about the US, … Read more
Kate and Jay were neighbour in the year of HKCEE, and that was time for old schoolmate gathering. They talk about everything, such as old jokes, families and works. Kate is a solicitor practicing in business affair, and Jay is a government fund consultant helping clients to apply for the BUD Fund and the TVP … Read more
BizMagnet consultant found several news about cases of government fund fraud. Some of the people may be greedy, some may be for the sake of convenience, and result in legal consequence. SMEs applying for the TVP usually offend the “bid rig” under “Competition Ordinance” and criminal offence such as “conspiracy to fraud” and “using a … Read more
The HKSAR Government is required to enact the controversial National Security Law. According to the new law, 4 types of offences may lead to life sentence, and the Office for Safeguarding National Security of the Chinese Government shall exercise jurisdiction in some cases. After the announcement (1st July, Hong Kong SAR establishment day), thousands of … Read more
The US President Donald Trump said he would revoke the special status of Hong Kong, in response to the passing of the national security law on Hong Kong in Beijing. “It is one country, one system. This is a tragedy for Hong Kong”, said the President. The US will impose sanctions against some top officials … Read more
