The Hong Kong Stock Exchange (the Exchange) published its Consultation Conclusions on a Listing Regime for Companies from Emerging and Innovative Sectors on 24 April 2018 (Consultation Conclusions)
Archived Post for "Insights"
Consultation Conclusions on WVR Listings
The Guidelines will clarify how SFC-licensed and registered entities should comply in an online environment with the obligation to ensure the suitability of client recommendations and solicitations.
SFC and CSRC increase daily quotas for Mainland-Hong Kong stock connect
The new daily quotas will take effect on 1 May 2018 and will increase the daily quota for each of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes.
Continued deficiencies in sponsor work identified by SFC
The said deficiencies were especially common for sponsor work done for GEM IPOs. Between October 2013 and December 2017, 44 listing applications were returned or rejected due to concerns raised during the vetting process.
SFC and Exchange sign addendum to MOU Governing Listing Matters
The Addendum arranges for the establishment of a new Listing Policy Panel as a centre point for discussions on listing policy with broader regulatory or market implications.
HK Stock Exchange Consults on Listings of Emerging and Innovative Companies
On 23 February 2018, the Hong Kong Stock Exchange released a Consultation Paper on a Listing Regime for Companies from Emerging and Innovative Sectors, setting out proposals to allow the listing of a broader range of companies.
SFC Fines IBHK concerning Electronic and Algorithmic Trading Systems
The SFC has reprimanded and fined Interactive Brokers Hong Kong Limited for breaches of the Code of Conduct due to deficiencies in executing market orders using electronic and algorithmic trading systems.
HKEx Listing Series – Biotech
On 23 February 2018, the Hong Kong Stock Exchange (the “Stock Exchange”) released a Consultation Paper on a Listing Regime for Companies from Emerging and Innovative Sectors (the “Consultation Paper”), setting out proposals to allow the listing of a broader range of companies on the Main Board of the Stock Exchange.
SFC Consults on Takeovers Code Changes
Hong Kong’s Securities and Futures Commission (SFC) published a Consultation Paper (Consultation Paper) on proposed changes to the Codes on Takeovers and Mergers and Share Buybacks (the Codes) for a 3-month consultation period ending on 19 April 2018.
SFC Consults on Takeovers Code Changes
The most significant change proposed is to increase the voting approval threshold for whitewash waivers from a simple majority of independent votes to 75%.