Archived Post for "Hong Kong Law"

HKEX announces suspension of listed issuers facing audit disclaimers or adverse opinions to safeguard market integrity.

Download the PDF Download the Word On 22 May 2019, Hong Kong’s Financial Reporting Council (FRC) signed a Memorandum of Understanding with the Supervision and Evaluation Bureau (SEB) of China’s Ministry of Finance (MOF), giving the FRC access to the audit working...

HKIAC Approved Arbitration Centre became the first foreign venue allowed to arbitrate certain corporate disputes involving Russian companies.

The SFC has reprimanded and imposed record fines totalling HK$ 786.7 million on four investment banks for IPO due diligence failures in their sponsorship of applications to list on the Stock Exchange of Hong Kong.

A total of 33 financial service providers have applied for the virtual banking licences, among them WeLab Holdings Limited, which operates WeLend, an online lending platform in Hong Kong.

Amendments to the Listing Rules of the HKEx took effect on 1 March 2019 changing the documentary requirements for listing applicants and listed companies and making other minor housekeeping amendments.

The SFC made a statement on the regulatory requirements for security token offerings and the risks of investing in virtual assets. Security tokens fall under the definition of “securities” under the SFO.

On 28 January 2019, the SFC, HKEx and the Federation of Share Registrars Limited released a joint consultation paper on a new mechanism for implementing an uncertificated securities market regime in Hong Kong.

Starting from 11 April 2019, the SFC will require licensing applications to be made with new licensing forms, and annual returns and notifications to be submitted electronically through the SFC Online Portal.

The Stock Exchange of Hong Kong has published its consultation conclusions on its proposed revision of the review structure for Listing Committee decisions set out in its 10 August 2018 consultation paper.