USM Implementation: The Securities and Futures Commission (SFC) plans to implement an uncertificated securities market (USM) in Hong Kong by the end of 2025, with a full transition by the end of 2030.
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Enduring Strength of Hong Kong as Leading International Asset and Wealth Management Hub: SFC Survey 2023
Hong Kong’s Premier Status Reaffirmed: The SFC’s 2023 survey underscores Hong Kong’s position as a top asset and wealth management hub, with significant global asset allocation and strong fund inflows. The city saw a steady increase in Type 9 licensed firms and continued growth in AUM and net fund inflows.
HKEX Consults on Reducing Minimum Spreads for Hong Kong Securities
HKEX has published a Consultation Paper seeking feedback on proposals to reduce the minimum spreads – or tick sizes – of Hong Kong securities, including equities, REITs and equity warrants, in two phases.
HKEx Consults on Corporate Governance Changes for January 2025
HKEX is consulting on changes to its Corporate Governance Code and related Listing Rules to limit the number of INEDs’ concurrent directorships and tenure and increase disclosure of board dividend decisions
Hong Kong SFC Broadens Exemption for Master-Feeder ETFs
The SFC’s revised Circular on Streamlined Requirements for Eligible ETFs adopting a Master-feeder Structure allows SFC-authorised feeder ETFs to invest in actively managed overseas-listed master ETFs.
Exchange Publishes Consultation Conclusions on New Climate Disclosure Requirements Effective 1 January 2025
HKEX published the consultation conclusions on climate disclosure requirements and amendments to Listing Rules Appendix C2 applicable to HKEX-listed cos and a phased implementation of the enhanced requirements.
SFC Consults on Enhancements to Hong Kong REIT and Listed CIS Statutory Regimes
The SFC’s March Consultation Paper proposes a statutory scheme of arrangement and compulsory acquisition mechanism for REITs & extending the SFO market conduct regime to listed
HKEX Disciplinary Actions in Q1 2024
HKEX sanctioned 3 listed companies in Q1 2024 for misappropriation of company assets, misleading prospectus disclosure and breach of directors’ duties in its continued clamp down on corporate misconduct.
HKEX Listing Rule Amendments Allowing Treasury Shares Effective 11 June 2024
HKEX published Listing Rules amendments (effective 11.6.2024) allowing HKEX-listed cos to issue and hold treasury shares subject to the laws of their country of incorporation and their constitutional documents
SFC Warns Public of Allegedly Fraudulent Crypto-related Activities
SFC monitors unlicensed crypto activity in Hong Kong. 27 platforms flagged for fraud or false VATP claims as of April 2024.