Hong Kong Law
Newsletters
SFC to Upgrade Competency Standards for Licensed Intermediaries and Individuals from 1 January 2022
The MRF scheme enables Hong Kong and Thai funds authorised or approved for retail distribution in their home market to be authorised or approved for retail distribution in each other’s markets.
Implementation of Hong Kong-Thailand Mutual Recognition of Funds Scheme
The MRF scheme enables Hong Kong and Thai funds authorised or approved for retail distribution in their home market to be authorised or approved for retail distribution in each other’s markets.
FSTB Concludes Consultation on Registration Regime for Dealers in Precious Metals and Stones
Registrants engaging in cash transactions at or above HK$120,000 will fall under Category B and will need to comply with the AML/CTF obligations stipulated in Schedule 2 to the AMLO
Court Rejects Judicial Review Application to Challenge HKEX Delisting
This is the latest in a line of recent High Court judicial review judgments made in favour of the HKEX which have generally endorsed its delisting procedures and the Listing Review Committee review process
HKEx Listing Rule Changes on Disciplinary Powers and Sanctions effective 3 July 2021
The SFC and HKEX have observed an increasing number of “ramp-and-dump” schemes in recent IPOs, particularly in IPOs of companies with smaller market capitalisations.
SFC and HKEX Issue Joint Statement on IPO-related Misconduct
The SFC and HKEX have observed an increasing number of “ramp-and-dump” schemes in recent IPOs, particularly in IPOs of companies with smaller market capitalisations.
HKEX to Raise Main Board Profit Requirement from 1 January 2022
The HKEX decided to adopt a smaller increase of 60% in the aggregate profit required under the Main Board’s profit test, one of three financial tests for establishing eligibility to list on HKEX’s Main Board
FSTB Concludes Consultation on Licensing Regime for Hong Kong Virtual Asset Exchanges
FSTB proposed establishing a licensing regime under the AMLO for VASPs in Hong Kong, which would require any person wishing to operate a virtual asset exchange in Hong Kong to apply for a licence from the SFC
Hong Kong Government subsidises establishment of Hong Kong open-ended fund companies and real estate investment trusts
The Hong Kong Government subsidies announced by the SFC for the establishment of Hong Kong open-ended fund companies (OFC) and the establishment and listing of Hong Kong real estate investment trusts (REITs)
HKEX Proposes Extension of its Secondary and Dual Primary Listing Regimes
The HKEX Consultation Paper proposes potentially far reaching changes to its requirements for secondary and dual primary listings of overseas companies on the Hong Kong Stock Exchange
HKEX Proposes to Revise Corporate Governance Code and Related Listing Rules
HKEX published a Consultation Paper on the Review of the Corporate Governance Code and Related Listing Rules setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure
HKEX Proposes Simplification of HKEX Listing Regime for Overseas Companies
This newsletter looks in detail at the HKEX’s proposals to simplify its listing requirements for companies incorporated outside Hong Kong and the PRC.