Hong Kong is one of the world's leading international financial centers, characterized by low taxation, no VAT and GST, no exchange controls or foreign currency regulations. Hong Kong has long been considered the southern gateway to Mainland China, a trading, and financial hub in the Asia Pacific. Hong Kong has concluded a Closer Economic Partnership Arrangement (CEPA) with Mainland China to facilitate access to Chinese market for Hong Kong based manufacturers and service companies. It opened up huge opportunities for Hong Kong businesses, allowing Hong Kong is by far the most significant financially and physically transit point for exports and imports to and from China. With the comprehensive renminbi financial platform, Hong Kong has become the global hub and offering a full range of renminbi activities, from renminbi trade settlement and foreign exchange trading. The renminbi bond pool in Hong Kong, or the dim-sum bond market, has since developed steadily and is also the largest outside China.
Siam Commercial Bank PCL., Hong Kong Branch
Since 1978, Siam Commercial Bank PCL Hong Kong Branch has been serving Thai, Hong Kong, Chinese business sector and multi-national companies who expand its business in this region. Thanks to the 40 years’ experience, the branch provides clients needed with full range of services. We develop the services that address the ever-changing market conditions and strive to meet client needs. Hong Kong is not only a major global financial center but also a gateway to China. Our clients benefit from our service coverage and financial support through SCB Hong Kong and our network - Shanghai Branch and Beijing Representative Office.