Archived Post for "Hong Kong Law"

HKEx published its 7th Listed Issuer Regulation Newsletter covering amendments to the HKEx Listing Rules on share option and share award schemes and financial year-end reporting and AGMs

Under the Companies (Amendment) Ordinance 2023, companies incorporated in Hong Kong will be able to hold fully virtual or a hybrid mode of virtual and physical general meetings

On 31 January 2023, the HKMA published its Consultation Conclusions on proposals to regulate payment-related stablecoins set out in its Discussion Paper on Crypto-assets and Stablecoins published a year earlier

All fundraising activities, online or offline, that raise funds publicly from individuals or entities of Hong Kong, or individuals or entities located in Hong Kong, would require prior approval

The scope of stocks eligible for Southbound trading will be expanded to include the stocks of international companies that are primary-listed in Hong Kong and are constituents of Hang Seng Composite Indices

The HKEX has published a Consultation Paper on proposals to expand the paperless listing regime. This follows the adoption of various paperless initiatives in 2021 to improve efficiency and lower costs.

Inland Revenue (Amendment) (Taxation on Specified Foreign-sourced Income) Ordinance 2022 gazetted on 23 December 2022 which enacts a Hong Kong foreign source income exemption regime for passive income

HK Legco delays the Implementation Timetable of the Hong Kong VASP Regime and the SFC issues a statement on VA Arrangements in Hong Kong.

The SFC and CSRC held its 13th high-level meeting on enforcement cooperation. It included a briefing on recent enforcement outcomes and cooperation, and a consensus to further their cooperation in future.

The SFC actions included an order under s214 SFO for Sound Global’s chairman to purchase shareholders’ shares and the first conviction of an individual under s382 SFO for obstructing SFC search operations.