China or the World Financial Reporting Strategy for Hong Kongs Capital Markets Harvard Case Solution & Analysis

Itemized in the in 2010, the case of discusses strategic directions Hong Kong could pursue, in particular, Vis-A-VIS by China,, since the it seeks, to retain his superiority in the region. In 2010, the, Hong Kong of the Exchange announced that it would allow the the listed of Chinese companies, to report the use of by Chinese GAAP without reconciliation to IFRS exchange of was responding to claim out of its largely by Chinese clientele, and also cope with the heightened by global competition in order to attract listings from Chinese companies. Nevertheless, that there were concerns around whether by this change would undermine the position of Hong Kong the author in the as a financial center in in long term. Position Hong Kong the author in the as a global financial power station was, which were due on in part of, such that their a strict the emphasis on compliance and providing for compliance;. Allowing companies to to submit reports in accordance by Chinese GAAP, practice of whom was the highly the variable, may call into threat to Hong Kong's website high standards of corporate of Management "Hide
by Karthik Ramanna, Gwen Yu, GA Donovan Source: Harvard Business School 25 pages. Date of publication on the site: 22 Sep, 2011. Prod. #: +112035- PDF-ENG

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