Hong Kong Law
Newsletters
SFC Virtual Asset Update: New Guidance on VA Margin Financing, Perpetual Contracts and Affiliated Market Makers
On 11 February 2026, the Securities and Futures Commission (the SFC)...
Hong Kong SFC Obtains Court Order to Freeze Up to HK$85.2 Million in Assets Linked to Wan Cheng in Ramp and Dump Scheme and Manipulation of Shares
On 9 January 2026, the Hong Kong Court of First Instance granted an...
SFC Enforcement Actions in January 2026 and December 2025
Recent SFC enforcement actions included the first fine against an SFC-licensed firm for breach of the regulatory requirements applying to the distribution of virtual asset funds & other virtual asset products
Appendix to the Hong Kong SFC Sponsor Circular: Substandard Conduct of Sponsors – Case Examples and Regulatory Expectations
This newsletter summarises the Appendix (SFC Sponsor Circular Appendix)...
Hong Kong SFC Sponsor Circular to Licensed Corporations Carrying Out Sponsor Work: Regulatory Concerns, Reporting Obligations and Enhanced Supervisory Measures
On 30 January 2026, the Hong Kong Securities and Futures Commission (SFC)...
HKEX Consults on Proposed Enhancements to Hong Kong’s Board Lot Framework
On 18 December 2025, the Hong Kong Stock Exchange published a consultation paper on proposed enhancements to Hong Kong’s board lot framework. The consultation period runs for 12 weeks, closing on 12 March 2026
FSTB and SFC Conclude Consultation on Licensing Regime for Virtual Asset Custodians
The FSTB and SFC have published consultation conclusions setting out the key parameters of a proposed licensing regime for VA custodian service providers
SFC & FSTB Issue Conclusions on Licensing VA Dealing and Further Proposals on Licensing VA Advisory and Management Service Providers
The FSTB and SFC have published conclusions on their proposed VA dealing licensing regime and a further consultation on proposed licensing regimes for VA advisory and VA management service providers
New Ongoing Public Float Requirements for HKEX Listed Companies from 1 January 2026
New ongoing public float requirements for Hong Kong-listed companies took effect on 1 January 2026 and apply to all listed companies including those listed before 1 January 2026
HKEX Issues Report & Guidance on Annual Report, Corporate Governance & ESG Report Disclosure
HKEX has published its Annual Review of Issuers’ Reports 2025 setting out findings and recommendations on listed issuers’ disclosure in their annual, CG and ESG reports
SFC Issues Circular on VATPs’ Shared Order Books
The SFC’s Circular permits Hong Kong licensed VATP operators to integrate order books with affiliated overseas VATPs, enabling cross-platform order matching via a Shared Order Book
HKEX Issues Guidance for HKEX Listed Issuers Navigating Opportunities in the Digital Asset Landscape
In November 2025, the Stock Exchange of Hong Kong Limited (HKEX) published Issue 13 of its Listing Regulation and Enforcement Newsletter which includes important guidance for companies listed on the HKEX (HKEX Listcos) engaging in digital assets-related activities.