Archived Post for "Insights"

On 21 September 2023, the Hong Kong SFC published Consultation Conclusions on its proposed amendments to the Codes on Takeovers and Mergers and Share Buybacks. The amendments took effect on 29 September 2023.

HKEX is consulting on Listing Rule changes to enable listed issuers to hold and resell treasury shares, if allowed by the laws of their respective places of incorporation and their constitutional documents

The Hong Kong Chief Executive delivered his second Policy Address on 25 October 2023, titled “A Vibrant Economy for a Caring Community”.

Hong Kong police arrest 18 suspects in JPEX unlicensed crypto exchange fraud involving over 2,000 victims and HK$1.5 billion losses.

HKEX issues consultation paper proposing GEM listing reforms to enhance attractiveness for SMEs seeking capital for growth, while maintaining high standard of investor protection.

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

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 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

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

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