HKMA issued its 2023 Fintech Promotion Roadmap with its key initiatives to boost the financial services sector’s Fintech adoption, particularly in wealth management, insurance and green investment sectors
Archived Post for "Hong Kong Law"
HKEX to Expand Paperless Listing Regime from 31 December 2023
Changes to the HKEX Listing Rule will reduce the number of hard copy documents required to be submitted and circulated by listed issuers. The Listing Rule changes will take effect on 31 December 2023
Hong Kong Extends Insider Dealing Regime’s Territorial Reach To Cover Offshore Securities & Dealing
Hong Kong will expand its insider dealing regime to cover offshore insider dealing in HK-listed securities & HK insider dealing in securities listed offshore, & their derivatives, according to the SFC
SFC Warns Unlicensed Crypto Exchanges re. Improper Conduct
The SFC has warned unlicensed virtual asset trading platforms of the potential legal & regulatory consequences of false claims to have applied for SFC-licensing, and providing prohibited services, eg staking
SFC/ HKMA New Suitability Obligations for Sophisticated Professional Investors
The SFC and HKMA published a joint circular with a streamlined approach that licensed intermediaries can adopt in complying with the suitability obligations for sophisticated professional investors
HKEX Listing Rule Changes for PRC Issuers Effective 1 August 2023
Revised HKEX Listing Rules for PRC-incorporated issuers reflect PRC regulatory changes & a new filing regime for PRC issuers & overseas-incorporated issuers with their principal operations in China
Hong Kong Needs a Vibrant SME Fundraising Board, says SFC’s Julia Leung
SFC Chief Executive Officer, Ms. Julia Leung, emphasised the need for Hong Kong to develop a sustainable small-cap stock market to meet the needs of small and medium-sized enterprises (SMEs) and investors
HKEX’s Fast Interface for New Issuance (FINI) Platform to Launch October 2023
HKEX has published the revised HKEX Listing Rules and Guidance Materials that will take effect on the October 2023 launch of its new digital FINI (Fast Interface for New Issuance) platform
Charltons Responds to HKEX Consultation on Mandatory Climate Disclosures in ESG Reports
HKEX published a Consultation Paper proposing to mandate all listed issuers to make climate-related disclosures in their annual ESG reports and introduce additional ISSB Climate Standard-based disclosures
HKMA Urges Banks to Provide Banking Services to Virtual Asset Service Providers
The HK Monetary Authority has urged banks to “support virtual asset service providers licensed and regulated by the Securities and Futures Commission on their legitimate need for bank accounts in Hong Kong”