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SFCs New Short Position Reporting Regime Expected
On 10 February 2012, the Securities and Futures Commission (SFC) published its Conclusions to the Further Consultation on the Securities and Futures (Short Position Reporting) Rules (the Conclusions). The Conclusions…
Hong Kong Stock Exchange Publishes Two Listing Decisions on Rights Issues
On 29 February 2012, the Stock Exchange of Hong Kong (HKEx) published two listing decisions in relation to rights issues. The first confirmed that a PRC issuer’s issue of rights shares under a general mandate was…
Hong Kong Stock Exchange Publishes Revised Guidance on Prospectuses Issued Within 3 Months of the Issuers Financial Year End
The Exchange published an updated guidance letter (HKEx-GL25-11) on 10 November 2011 setting out revised conditions for waivers from strict compliance with the requirement to include three years’ financial statements…
Hong Kong Stock Exchange Repeals Listing Rule Ban on Inclusion of Profit Forecasts in pre-Listing Research Reports Unless Also Included in Listing Document
The Hong Kong Stock Exchange has published on its website an amendment to the Main Board Listing Rules repealing Rule 8.21B with effect from 1 February 2012. Rule 8.21B, which was introduced in 2004, provided that…
Hong Kong Stock Exchange Publishes Consultation Paper on Environmental Social and Governance Reporting Guide
The Stock Exchange of Hong Kong (SEHK or the Exchange) published a consultation paper (the Consultation Paper) in December 2011 to seek views and comments on its proposed Environmental, Social and Governance…
SEHK Recent Publications on Revised Publication Window for Issuers Documents pre-IPO Investments
The Stock Exchange of Hong Kong (SEHK or the Exchange) has recently published the following: A reminder of the revised publication window for issuers’ documents through the HKEx news website effective 5 March 2012…
SFC Consultation on Proposed Amendments to the Code of Conduct
The Securities and Futures Commission (SFC) has published a consultation paper (Consultation Paper) the main focus of which is proposed amendments to the Code of Conduct for Persons Licensed by or Registered with…
Property Valuation Requirements for Mining Companies IPOs
New streamlined property valuation disclosure requirements for new applicants’ listing documents came into effect on 1 January 2012 with the implementation of the Companies Ordinance (Exemption of Companies and…
SFC Issues Takeovers Bulletin on Reminder to Fund Managers of Dealing Disclosure Obligations under Rule 22 of the Takeovers Code
The latest issue of the Takeovers Bulletin (Issue No.19) published in December 2011 reminds fund managers of the dealing disclosure obligations under Rule 22 of the Code on Takeovers and Mergers (Takeovers Code)…
Streamlined Property Valuation Requirements
New streamlined requirements for property valuation disclosure in listing applicants’ prospectuses and issuers’ circulars came into effect on 1 January 2012 with the implementation of the Companies Ordinance…
New Evidential Requirements for Proving Professional Investor Status
The Securities and Futures (Professional Investor) (Amendment) Rules 2011 (Amendment Rules) which refine the requirements for evidencing whether a person qualifies as a high-net-worth professional investor under…
SEHK Publishes Consultation Conclusions on Amendments to the Corporate Governance Code and Associated Listing Rules
The Stock Exchange of Hong Kong (SEHK or the Exchange) has published the consultation conclusions (the Consultation Conclusions) on its review of the Code on Corporate Governance Practices (now renamed the Corporate…