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Faster Payment System (FPS; Chinese: 快速支付系統, more commonly known as 轉數快) is a real-time gross settlement [1] payment system in Hong Kong that connects traditional banks and electronic payment and digital wallet operators. [2]
The Clearing House Automated Transfer System, or CHATS, is a real-time gross settlement (RTGS) system for the transfer of funds in Hong Kong.It is operated by Hong Kong Interbank Clearing Limited (HKICL), a limited-liability private company jointly owned by the Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks.
The Quality Migrant Admission Scheme ("QMAS") is a points-based immigration system in the Hong Kong Special Administrative Region of the People's Republic of China. [1] [2] It was first announced in February 2006, and began accepting applications in June of the same year; by September 2023, more than 20000 people had been admitted to residence in Hong Kong under the scheme.
Several countries have since suspended the agreements with Hong Kong. In response, China and Hong Kong (on the central government's instruction) announced the suspension of Hong Kong's extradition treaties with Canada, Australia, the United Kingdom, New Zealand, Germany and the United States, as well as the shelving of a pending treaty with ...
BOCs who were Hong Kong residents and had no other nationality on 3 February 1997 may also register for citizenship without UK residence requirements. [53] Applicants who successfully register in this way become British citizens by descent and cannot pass citizenship to their children born outside of the UK. [ 54 ]
The new immigration route was announced in the wake of Beijing’s national security law being imposed on Hong Kong last year. Hong Kong families moving to UK to benefit from £43m support package ...
The settlement scheme was launched after the imposition of the controversial 2020 national security law on Hong Kong by the Chinese Central government. The UK considers the enactment of the National Security Law a clear violation of the one country, two systems principle guaranteed in the Sino-British Joint Declaration , an international ...
This nationality was "tailor-made" for British Hong Kong residents with British Dependent Territories Citizen (BDTC) status by virtue of their connection with Hong Kong; it allowed the people of British Hong Kong to retain a relationship with the United Kingdom after the transfer of sovereignty over Hong Kong to China. BN(O)s enjoy consular ...