This book fills the gap on how common law continues to apply in Hong Kong’s banking industry in regards to the following topics:
• Illustrates the uniqueness of the Hong Kong banking supervisory and regulatory system;
• Demystifies Hong Kong Money Authorities’ monetary power in market stabilisation under the Basic Law;
• Explains Hong Kong’s Clearing system functions for the RMB offshore clearing hub; and
• Examines and explains the changes and/or impact of the Chinese Policy on Hong Kong’s common law and conflicts (sovereign immunity) concerning the issues of litigating in Hong Kong Courts.
A publication for both academics and practitioners who need a reliable source covering all banking related topics
• Serves as a good referencing authority in practice for practitioners
• A comprehensive, informative source of material for academics and students.
Written by Mark Hsiao, Assistant Professor, Faculty of Law, The Chinese University of Hong Kong
• Prior to joining the Faculty of Law at the Chinese University of Hong Kong, Mark Hsiao was a lecturer in financial law at the School of Oriental and African Studies (SOAS), University of London.
