mainland Chinese authorities
Coverage of mainland Chinese authorities in the Nexus archive.
- Shares of major Hong Kong insurance, finance firms tumble following report of 20% levy
Shares of major Hong Kong-listed insurance and financial institutions fell after reports indicated mainland Chinese authorities began taxing gains on offshore insurance policies purchased by mainland visitors. Prudential and AIA Group saw significant drops, with shares declining 5.9% and 6.6% respectively in early trading.
- CUHK launches first cross-border clinical trial centre in Nansha
The Chinese University of Hong Kong (CUHK) has established its first clinical trial centre outside Hong Kong in Nansha, partnering with mainland authorities to enhance medical research collaboration. The centre aims to position the Greater Bay Area as an international hub for medical innovation.
- Hong Kong gazettes bill to enable joint immigration checks at Shenzhen crossing
Hong Kong authorities have gazetted a new law to regulate an upgraded border crossing with Shenzhen, aiming to implement a joint immigration model that reduces clearance times from 30 minutes to five. The Huanggang Port Hong Kong Port Area Bill was gazetted on Tuesday, with the official opening date pending finalization with mainland Chinese authorities.
- Hong Kong police arrest 69 over laundering HK$200m from cross-border fraud
Hong Kong police arrested 69 individuals, including 54 men and 15 women aged 18-60, in a joint operation with mainland Chinese authorities to investigate a money laundering syndicate linked to HK$200 million in cross-border investment fraud affecting over 170 victims. The suspects allegedly used 'mule' bank accounts to launder funds.