Charltons wins Transactional Boutique Law Firm of the Year Award 2020!

We are pleased to announce that Charltons has been named the “Boutique Transactional Law Firm of the Year” at the ALB Hong Kong Law Awards 2020.

Court Rejects Judicial Review Application to Challenge HKEX Delisting

The High Court dismissed Bolina’s application for judicial review of the HKEX’s decision to delist it under Listing Rule 6.01A for failing to meet the conditions for resumption of trading

SFC and HKEX Issue Joint Statement on IPO-related Misconduct

The HKEX and SFC issued a Joint Statement on suspected misconduct in Hong Kong IPOs and their approach to tackling attempts to artificially meet the listing requirements or manipulate the share price

: HKEx Listing Rule Changes on Disciplinary Powers and Sanctions effective 3 July 2021

HKEx Listing Rule Changes on Disciplinary Powers and Sanctions effective 3 July 2021

Changes to the HKEX Listing Rules relating to HKEx’s disciplinary powers and sanctions will take effect on 3 July 2021 increasing the range of sanctions and of individuals subject to disciplinary action

HKEX to Raise Main Board Profit Requirement from 1 January 2022

HKEX’s Main Board profit requirement will rise to HK$80 mln over 3 years (with HK$35 in the most recent year and an aggregate of HK$45 mln for the 2 preceding years) from 1 Jan 2022

Hong Kong Government subsidises establishment of Hong Kong open-ended fund companies and real estate investment trusts

The Hong Kong Government subsidies announced by the SFC for the establishment of Hong Kong open-ended fund companies and the establishment and listing of Hong Kong real estate investment trusts

FSTB Concludes Consultation on Licensing Regime for Hong Kong Virtual Asset Exchanges

Hong Kong’s FSTB issued its Consultation Conclusions on introducing a licensing regime for Virtual Asset Exchanges on 21 May 2021. Only professional investors will have access to licensed exchanges

HKEX Proposes to Revise Corporate Governance Code and Related Listing Rules

Charltons Responds to SFC Consultation on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market and Debt Capital Market Transactions and (ii) the “Sponsor Coupling” Proposal

Charltons responded on behalf of four Hong Kong sponsors to the SFC’s Consultation on the Proposed Code of Conduct on Bookbuilding and Placing Activities and (ii) the “Sponsor Coupling” Proposal

HKEX Proposes Extension of its Secondary and Dual Primary Listing Regimes

HKEX’s Consultation Paper on the Listing Regime for Overseas Issuers would expand its secondary listing regime for overseas-listed Chinese companies in traditional sectors.

HKEX Proposes to Revise Corporate Governance Code and Related Listing Rules

The HKEX’s Consultation Paper proposes changes to the Corporate Governance Code and related Listing Rules to enhance directors’ independence, board diversity and ESG disclosure and standard.

HKEX Proposes Simplification of HKEX Listing Regime for Overseas Companies

HKEX’s Consultation Paper on the Listing Regime for Overseas Companies would remove the Recognised / Acceptable Jurisdiction distinction and require the same shareholder protections for all companies.

Panel on Financial Affairs to Discuss Implementing Companies Ordinance Protection of Personal Information Provisions

The Panel on Financial Affairs will discuss the introduction of subsidiary legislation to implement provisions of the Companies Ordinance for the protection of directors’ personal information.

Our work

Charltons is a boutique law firm focusing on

Hong Kong corporate finance law

, and in particular: capital markets, M&A law, regulatory and securities (including stocks & derivatives), natural resources law, corporate & commercial, private equity and funds practice, corporate restructuring, offshore and China funds.

Our thinking

Response to the SFC Consultation Paper on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Equity Capital Market and Debt Capital Market Transactions and (ii) the “Sponsor Coupling” Proposal

Charltons responded on 7 May, 2021 to the SFC’s Consultation Paper on (i) the Proposed Code of Conduct on Bookbuilding and Placing Activities in Capital Market Transactions and the “Sponsor Coupling” Proposal

Recent publications

2021-05-24

Please join us for a webinar on the HKEX Consultation Paper on the Review of Corporate Governance Code and Related Listing Rules at 5pm HKT 4 June 2021

2021-05-20

Join Anastasia Gordeeva at the Eastern Business Express online forum for startups on 26 May 2021 at 3:50 pm HKT

2021-05-18

Please join Julia Charlton at the Eastern Business Express online forum for startupers on 26 May 2021 at 6 pm HKT

2021-05-05

Please join us for a webinar on the HKEX Consultation Paper on the Listing Regime for Overseas Issuers at 5pm HKT 25 May 2021