Hong Kong Law
Newsletters
SFC Reprimands and Fines ICBCI and Deutsche Bank
The Securities and Futures Commission (SFC) has made two announcements in relation to the failings of, and penalties imposed, on Deutsche Bank Aktiengesellschaft (Deutsche Bank), and ICBC International Capital…
Exchange Publishes Further Information on Shanghai-Hong Kong Stock Connect
The Stock Exchange of Hong Kong (SEHK) has published further information in relation to Shanghai-Hong Kong Stock Connect (Stock Connect), the proposed mutual market access programme which will allow investors in…
Exchange Issues Guidance on Opinion Letters Prepared By Independent Financial Advisers
The Hong Kong Stock Exchange (the Exchange) has published guidance letter HKEx-GL76-14 (see archive), which provides information on the disclosure in opinion letters prepared by independent financial advisers…
SFC Issues Notice on Risks and Potential Regulatory Issues of Crowd-Funding
The Securities and Futures Commission (SFC) issued a notice (see archive) on 7 May 2014 to remind parties carrying out crowd-funding activities of the potential securities regulatory implications and liabilities…
HKEx to Launch its First Asia Commodities Contracts
Hong Kong Exchanges and Clearing Limited (HKEx) announced yesterday, 22 April 2014, that it plans to launch its commodities business with four futures contracts that will be traded in its derivatives market.
FSTB Consults on Open-Ended Fund Company Structure
The Financial Services and the Treasury Bureau (FSTB) published the Open-ended Fund Companies Consultation Paper (see archive) (Consultation Paper) and a press release (see archive) on 20 March 2014 setting…
Exchange Reviews Disclosure in Annual Reports to Monitor Rule Compliance
The Exchange has published its second report (see archive) on findings and recommendations from a review of disclosure in issuers’ annual reports issued for the financial years ended between December 2012 and…
Linking of Shanghai and Hong Kong Stock Exchanges
The China Securities Regulatory Commission (CSRC) and Hong Kong’s Securities and Futures Commission (SFC) published a joint announcement (see archive) on 10 April 2014 of their approval, in principle, of a pilot…
Exchange Publishes New Guidance on Placing Shares to Connected Clients for Independent Third Parties
The Exchange has published guidance letter HKEx-GL75-14 (see archive) which supersedes Listing Decision HKEx-LD54-13 (see archive) which has been withdrawn. The guidance letter provides guidance in cases where…
Revised Connected Transaction Rules to Take Effect
The Stock Exchange of Hong Kong (the Exchange) has published amendments to the Listing Rules which will take effect on 1 July 2014. The amendments implement changes to the rules on connected transactions in…
Exchange Introduces New Headline Categories for Announcements
The Hong Kong Stock Exchange (the Exchange) has published a news release (see archive) and Frequently-Asked-Questions (see archive) (FAQ) in relation to the Listing Rule amendments to introduce new headline…
Sponsor Regime Update – Initial 3-Day Check
The Hong Kong Stock Exchange (the Exchange) has confirmed that it will continue to conduct an initial 3-day check of application proofs from 1 April to 30 September 2014 to give practitioners more time to become…