On 29 March 2018, the Hong Kong Government published the Inland Revenue (Amendment) (No. 2) Ordinance 2018 in the Gazette to amend the existing tax law by extending the profits tax exemption to privately offered Hong Kong open-ended fund companies.
Stepping up the pace of digital transformation holds the key to boosting innovation, differentiation and growth. How can your business get up to speed?
Insurers are under pressure to boost growth. Where is the growth going to come from? How can they develop the ‘bionic’ capabilities to capitalise?
There’s great confidence in the asset and wealth management (AWM) industry, but also acknowledgement that times are changing. While CEOs are optimistic about growth, they’re aware of the challenges they face.
2018 marks the beginning of a new era that China further opens up its financial service sector
This short publication provides a recap of some of the most pertinent Hong Kong regulatory compliance topics that are challenging financial institutions.
IASB published IFRS 17, 'Insurance Contracts', which will replace IFRS 4 and fundamentally change the accounting by all entities that issue insurance contracts and investment contracts with discretionary participation features.
How would IFRS 17 impact the insurance industry and what does the new standard mean for insurers? This in-depth paper provides some of PwC's observations and important considerations for insurers in applying the new standard.
February brought several important regulatory developments, with updates from the BCBS, HKMA and SFC. We have summarised some of the key updates for you in this newsletter.
The proposed changes to the tax bill on privately offered Hong Kong open-ended fund companies
Trends that impacted the personal lines market in prior years are beginning to impact commercial lines, with risk managers looking for more customised products and technology driven innovations for even the most specific product classes.
As we leap into the new year, regulatory activity showed no sign of slowing down with a number of recent updates. We have summarised some of the key updates for you in this newsletter.
This paper leverages the results of our ETF global survey and includes our insights on how regulations and taxes will impact the ETF industry.
New Cayman Islands CbCR regulations may impact investment funds
Financial Services Tax News Flash (Jan 2018)
We highlight industry and tax developments from Australia, China, Hong Kong, and India, which may impact your asset and wealth management business.
"Improving the capability of risk management and control" at the heart of Chinese banks' strategies
Insurers are looking for more than just modernisation of core systems. They expect a successful digital, analytics, and organisational transformation.
A session summary after the Financial Services Aircraft Leasing Forum on how to structure an aircraft leasing fund.
A closer look at how media and advertising dollars are spent
The ICO market has grown very rapidly in recent months and has been a new avenue for blockchain based start-ups and projects to get the funding needed to launch their projects. Click here to read about a set of best practices for ICOs that PwC has developed.
Financial institutions will have to submit their first FATCA certification by 30 June 2018. The Responsible Officer is personally liable for the FATCA compliance program.
The reforms finalised in December 2017 together with earlier publications that revise the calculation of RWAs, including the revised market risk framework published in January 2016
Matthew Phillips
China and Hong Kong Financial Services Leader
Tel: +[852] 2289 2303
Email
Marie-Anne Kong
Hong Kong Asset and Wealth Management Leader
Tel: +[852] 2289 2707
Email
Lars Nielsen
Hong Kong Insurance Leader
Tel: +[852] 2289 2722
Email
