Banking and Finance
Chinese Outbound Investment
Regulatory regime for Stored Value Facilities (SVF) and Retail Payment Systems (RPS)
The emergence of new technologies and innovative payment services lead to growing popularity for e-commerce and payment of goods and services.
Contracts (Rights of Third Parties) Ordinance is now in force
Hong Kong reforms its privity of contract principle which will apply to contracts entered on or after 1 January 2016, the date on which the Ordinance comes into operation.