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Hong Kong sees closer financial ties: Double-taxation pact to prompt investment.

Bangkok Post (Bangkok, Thailand)

| September 09, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Umesh Pandey

Sep. 9--Hong Kong is hoping more Thai corporations will either issue bonds or list on the equity market in the territory now that it has signed a double taxation avoidance agreement with Thailand.

"This is Hong Kong's first such agreement with a country in Asia-Pacific.We hope that it will help build economic and financial ties between the two places," said Frederick Ma, Hong Kong's secretary for financial services and treasury.

Mr Ma was in Bangkok on Wednesday to sign the agreement with Foreign Minister Kantathi Suphamongkon.

He noted that companies from Japan, Malaysia, South Korea and its main backbone, China, ...

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Source: HighBeam Research, Hong Kong sees closer financial ties: Double-taxation pact to prompt...