A Hong Kong government plan to tighten regulations on prepaid beauty and fitness contracts has sparked concern among operators, who warn that a rigid refund window and caps on administrative fees ignore operational realities. The government on Monday launched a two-month public consultation on proposed amendments to the Trade Descriptions Ordinance, aimed at strengthening consumer…
Prediction markets occupy a grey area under Hong Kong’s gambling laws, with experts warning that the increasingly popular betting platforms could pose risks related to market manipulation and consumer protection. Lawyers and a legislator said that while a ban could restrict access to these largely unregulated betting platforms, authorities would face challenges in gathering evidence…
China’s efforts to control capital outflows are colliding with growing demand from mainland investors for access to overseas stocks. The government has launched a sweeping crackdown on offshore trading platforms accused of helping investors bypass Beijing’s capital controls. The move has already rattled brokerages and investors, and could reshape how mainland Chinese access foreign markets….
Britain’s competition watchdog on Tuesday proposed measures aimed at tackling Google’s dominance in online search, with the US tech giant warning that “punitive regulations” could impact UK economic growth. The Competition and Markets Authority (CMA) said it proposes to designate Google with “strategic market status”, subjecting it to special requirements under new UK regulations. A…