A Tax Justice Network report suggests governments could gain an extra $500bn annually by taxing multinational profits where economic activity occurs, not in tax havens. UN talks in New York aim to establish a global standard by late 2027, despite past US opposition.
Mainland Chinese tech firms are leveraging Hong Kong as a "strategic adaptation ground" to evolve into multinational corporations. By attracting international capital and talent, and developing global brands and sales networks, these companies are establishing new growth engines and connecting to global markets, governance, and R&D.
Foreign governments, banks, and companies are increasingly issuing yuan-denominated "panda bonds" in China due to significantly lower borrowing costs compared to dollar markets. This trend is driven by Beijing's push to internationalize the yuan and a widening interest rate gap, with issuance volumes reaching record highs.
Foreign governments, banks, and companies are increasingly issuing yuan-denominated "panda bonds" in China's domestic market. This surge is driven by significantly lower borrowing costs in China compared to Western markets and Beijing's efforts to internationalize its currency.
