Please join Stuarts and Charltons for a webinar on Cryptocurrency funds and virtual assets in Hong Kong and Cayman at 10am HKT 29 July 2021

The webinar will cover the following topics and participants may enrol via the registration page.

Fund entities that can be used for cryptocurrency funds
Marketing and manging funds in Hong Kong
Cryptocurrency regulations in Hong Kong and the Cayman Islands
Virtual asset service providers in Hong Kong
The future of digital assets in Hong Kong and the Cayman Islands

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.

SFC to Upgrade Competency Standards for Licensed Intermediaries and Individuals from 1 January 2022

Hong Kong’s SFC will raise the entry and ongoing competency standards for licensed and registered individuals of licensed corporations and registered institutions from 1 January 2022.

Implementation of Hong Kong-Thailand Mutual Recognition of Funds Scheme

The SFC and SEC announced that the Hong Kong-Thailand Mutual Recognition of Funds scheme (the MRF) came into force on 17 June 2021.

FSTB Concludes Consultation on Registration Regime for Dealers in Precious Metals and Stones

Hong Kong will introduce a new 2-tier registration regime for dealers in precious metals and stones under amendments to the Anti-Money Laundering and Counter-Terrorist Financing Ordinance

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.

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

2021-07-16

Julia Charlton on How Recruitment of Women on HK Boards Actually Happens, and Related Regulatory Requirements

2021-07-13

Join Julia Charlton at the webinar on China's Greater Bay Area: Exploring Key Sectors for Direct Investment and M&A

2021-07-08

Please join Stuarts and Charltons for a webinar on Cryptocurrency funds and virtual assets in Hong Kong and Cayman at 10am HKT 29 July 2021

2021-06-10

Anastasia Gordeeva Joins the HKGCC Belt and Road Working Group