Hong Kong's top banking regulator said it would establish a regulatory regime known as a "sandbox" for financial technology start-ups, in a bid to boost Hong Kong's status as a burgeoning fintech hub.
The new initiative will help quicken the pace of fintech development, Hong Kong Monetary Authority (HKMA) chief executive Norman Chan told a conference.
"Sandboxes" typically afford fintech firms special regulatory waivers for a limited period of time.
New York-headquartered law firm Skadden, Arps, Slate, Meagher & Flom has confirmed to ALB that it will be closing its Shanghai office and adjusting its corporate business in China.
The legal community of the Middle East converged at the luxurious Shangri-La Dubai on Oct. 17, 2024, for the highly anticipated 4th Annual ALB Middle East Law Awards.
Guizhou Guida Law Firm, based in the southwestern Chinese city of Guiyang, has established its first overseas branch in Thailand.