Amendments to the definitions of specified Futures Exchanges (SFEs) and specified Stock Exchanges (SSEs) in Parts 2 and 3 to Schedule 1 of the Securities and Futures Ordinance (SFO) took effect on 18 July 2012…
Archived Post for "Hong Kong Law"
Hong Kong Stock Exchange Publishes Guidance on pre-IPO Investments
In October 2012, the Stock Exchange of Hong Kong (the Exchange) published a guidance letter (HKEx-GL43-12) (the Guidance Letter) to consolidate its past listing decisions on pre-IPO investments. Guidance letter…
FSTB and Companies Registry Consult on Subsidiary Legislation to Complement the New Companies Ordinance
The Financial Services and Treasury Bureau (FSTB) and the Companies Registry are currently consulting on the creation of new subsidiary legislation for the implementation of the new Companies Ordinance, which was…
First Dual Counter Security Lists on Hong Kong Stock Exchange
The first dual counter (DC) security, Harvest MSCI China A Index Exchange Traded Fund (Harvest ETF), listed on the Stock Exchange of Hong Kong Limited (the Exchange) on 12 October 2012. A DC security offers two…
Stock Exchange Publishes Listing Decision in Relation to Suitability for Listing of Applicants with Deteriorating Financial Performance and Uncertain Business Prospects
In September 2012, the Stock Exchange of Hong Kong (the Exchange) published a listing decision (HKEx-LD37-2012) (the Listing Decision) regarding whether a GEM listing applicant’s deteriorating financial performance…
The Australasian Joint Ore Reserves Committee Releases for Public Comment the Exposure Draft of the JORC Code 2012
The Australasian Joint Ore Reserves Committee (JORC) released for public comment the exposure draft of the JORC Code 2012 (the JORC Code) on 18 September 2012. The exposure draft was prepared following the code review…
Hong Kong Stock Exchange Consults on Board Diversity
The Stock Exchange of Hong Kong (SEHK or the Exchange) published a consultation paper (Consultation Paper) on 7 September 2012 to seek comments on its proposed amendments to the Corporate Governance Code…
Stock Exchange Updates Listing Decision on PRC Businesses Using VIE Structures
In August 2012, the Stock Exchange of Hong Kong (the Exchange) updated its 2005 listing decision (HKEx-LD43-3) (the Listing Decision) regarding the suitability for listing of PRC businesses using the so-called…
Hong Kong Stock Exchange Publishes Consultation Conclusions on Environmental Social and Governance Reporting
The Stock Exchange of Hong Kong (SEHK or Exchange) published its consultation conclusions (the Consultation Conclusions) on its proposed Environmental, Social and Governance Reporting Guide (the ESG Guide) on…
SFC and HKMA Publish Consultation Conclusions and Supplemental Consultation on the Regulation of OTC Derivatives
The global financial crisis in late 2008 highlighted the structural deficiencies in the over-the-counter (OTC) derivatives market, and the systemic risk it poses for the wider market and economy. In the wake of…