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BOC International Holdings Limited, shortly BOCI, is the wholly owned subsidiary of Bank of China, which offers investment banking and securities brokerage services. It was established in 1998 and headquartered in Hong Kong. It has subsidiaries in New York, London, Singapore, Beijing, Shanghai, Guangzhou and Chongqing. [1] [2] [3]
The office is located at 18 Bedford Square in the City of Westminster in central London; [2] the building also houses the London office of the London Representative Office of the Hong Kong Trade Development Council and Hong Kong Tourism Board. It was previously located at 6 Grafton Street. Former office at 6 Grafton Street
Hong Kong has full autonomy in the conduct of its external commercial relations. The Basic Law of the Hong Kong provides that it shall be a separate customs territory and may, using the name 'Hong Kong, China', participate in relevant international organisations and international trade agreements, such as the World Trade Organization.
The Securities and Futures Commission (SFC) of Hong Kong is the independent statutory body charged with regulating the securities and futures markets in Hong Kong. The SFC is responsible for fostering an orderly securities and futures markets, to protect investors and to help promote Hong Kong as an international financial centre and a key financial market in China.
The move has drawn widespread criticism in Hong Kong and abroad: governance advocate and board member David Webb said that the government was the second-largest single investor in the Hong Kong market after Beijing, with a portfolio of local equities estimated to be worth about HK$150 billion.
This means that BOCHK acts as a settlement agent for RMB banknotes and funds in Hong Kong and an intermediary between banks in Hong Kong and the People's Bank of China, the central bank of the People's Republic of China. In return, BOCHK takes a 0.125% cut of all RMB deposits in Hong Kong that are repatriated back to mainland China.
Hong Kong-born residents by ethnic group (2021 census, England and Wales) [11] The 2001 census recorded 96,445 Hong Kong-born people residing in the United Kingdom. [ 12 ] The 2011 census recorded 98,724 Hong Kong-born people resident in England, 3,517 in Wales, [ 13 ] 7,586 in Scotland [ 14 ] and 1,906 in Northern Ireland. [ 15 ]
British Consulate-General estimated a range between 25,000 and 30,000 UK expats based in Hong Kong in 2009. UK expat in Hong Kong includes decreasing number of settled British citizens due to waning colonial privileges, and increasing number of resourceful professionals varying pedigree known as FILTH (Failed In London, Try Hong Kong) who could ...