Role of the Criminal Law in Maintaining Hong Kong as an International Financial Centre
Jiaxiang Hu, Matthias Vanhullebusch & Andrew Harding (eds.), Finance, Rule of Law and Development in Asia: Perspectives from Singapore, Hong Kong and Mainland China (Leiden/Boston: Brill Academic Publishers, 2015 Forthcoming)
24 Pages Posted: 4 Sep 2015 Last revised: 24 Sep 2015
Date Written: June 1, 2015
While criminal law is an essential part of the legal environment used to maintain Hong Kong’s status as an international financial centre (IFC), its role is limited. Criminal law and processes are reserved for serious cases that involve the protection of property rights, economic interests, or the integrity of the financial system. Deterrent and remedial civil processes are increasingly being used as a more effective way to enforce law designed to maintain Hong Kong’s IFC status.
Keywords: Hong Kong, criminal law, financial centre, money laundering, insider dealing, fraud
Suggested Citation: Suggested Citation