Patrick Wong News
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Cooley LLP opened a Los Angeles office with the addition of four partners from three law firms.
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Hong Kong’s Securities and Futures Commission will appoint Ashley Alder, the Asia head of law firm Herbert Smith LLP, as its new chief executive officer.
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The U.S. ‘shadow banking’ system, which had double the liabilities of commercial banking at the end of 2007, is shrinking.
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Samsung Securities Co. , the biggest South Korean brokerage by cash deposited in accounts, said it’s employing more analysts to boost Hong Kong and China research.
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Hong Kong’s financial secretary caved in to protests over plans to bolster residents’ pension funds, opting to hand out cash and tax rebates that a week ago he said would stoke inflation.
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Derek Ma and his family in May sold two of their eight properties in Hong Kong, doubling their money in four years. They’re struggling to sell the other six.
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Hong Kong rescuers found a second body after a sand barge capsized following a collision with a container vessel. Six sailors are still missing.
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Hong Kong’s decision to hand out HK$40.5 billion ($5.2 billion) in cash and tax rebates in its latest budget may stoke inflation, which Financial Secretary John Tsang said was the economy’s main threat this year.
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Samsung Securities Co. , the biggest South Korean brokerage by cash deposited in accounts, hired Viktor Shvets to head its Asia research as it tries to strengthen regional research.
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