Hong Kong Law

The SFC issued Practice Note 24 regarding receivers, liquidators and when to commence offer period(s) based upon its observations following the SFC Takeovers Bulletin No. 52 of March 2020.

The SFC issued its Circular on Virtual Asset Futures Exchange Traded Funds setting out the requirements under which it will consider authorising Virtual Asset Futures ETFs for public offering in Hong Kong.

HKEx issued a revised enforcement sanctions statement and new cooperation guidance on the factors considered in determining sanctions for breaches of the HKEx Listing Rules.

Hong Kong Government issues Policy Statement on the Development of Virtual Assets in Hong Kong during HK Fintech Week 2022 expressing its willingness to calibrate the Local Legal and Regulatory Regime for VA.

The HKEx, SFC and HKMA Disciplinary Actions in September 2022 involved suspensions for breaching the SFC Code of Conduct, fines for contravening the AMLO, and imposing a director unsuitability statement

The HKMA published its Quarterly Bulletin issue 112 which looks at encouraging Regtech under its Fintech 2025 strategy and highlights the importance of technology in improving AML/CFT controls

The SFC obtained a court order for the chairman and executive director of Sound Global to purchase the shares held by other shareholders at a price to be determined by the court under Section 214 of the SFO.

The HKEX has issued a consultation paper on a new listing regime for Specialist Technology Companies on the Main Board of the HKEX soliciting market feedback on its proposed amendments to the HKEX Listing Rules

HKMA released a position paper entitled “e-HKD: Charting the Next Steps” outlining its next steps on the direction of the e-HKD and its policy stance on a retail Central Bank Digital Currency

The SFC has published Takeovers Bulletin No. 62 covering recent decisions on the grant of a special waiver from the mandatory general offer obligation and the applicable offer price in case of a special deal under Rule 25

The SFC has reported on its review of licensed corporations’ provision of online brokerage, distribution and advisory services and their compliance with Hong Kong’s regulatory requirements

HKEx, SFC & HKMA Disciplinary Actions in August 2022 included censuring and imposing a prejudice to investors’ interests statement against two former directors of Ping An Securities Group, and fining Commerzbank