23.07.2007 The Hong Kong Securities and Futures Commission has announced that the combined fund management business in Hong Kong rose 36% to USD 786.4 billion in 2006. The latest fund management activities survey results show that asset management, which was the largest share of the combined fund management business, grew impressively - 27.5% in 2006. According to the Commission's survey, advisory business and other private banking activities grew 67.1% and 54.5% and indicated a broader range of fund management activities in Hong Kong.

01.07.2007 On June 26, 2007, the United Kingdom and Switzerland signed a protocol to the double taxation convention in London. It was signed by the UK's Paymaster General Dawn Primarolo and the Swiss Ambassador to the UK, Alexis P. Lautenberg. The protocol amends the existing double taxation convention signed on December 8, 1977. The changes regard mainly the elimination of taxation at source on dividends, where the beneficial owner of the dividends substantially participates in the payer or pension scheme, and the exchange of information article, which provides information exchange in cases of tax fraud and cases involving holding companies.

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