Hong Kong Law
Newsletters
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.
Financial Affairs Panel to Discuss Protection of Personal Information Provisions
The Panel on Financial Affairs will discuss the proposed implementation of provisions to protect directors’ personal information from public inspection which are contained in the Companies Ordinance.
SFC Publishes Quarterly Report (Q4 2020)
On 23 February 2021, the Hong Kong SFC published its quarterly report for the fourth quarter of 2020 outlining its operations for the quarter and corporate developments.
The HKEX Consultation Paper on the Listing Regime for Overseas Issuers
On 31 March 2021, the HKEX published a potentially far-reaching consultation paper to streamline the listing regime for overseas listed issuers which will also affect all HKEX listed companies.
HKEx Publishes Review of Listed Companies’ Corporate Governance Practices and Practitioner’s Insights on ESG
In December 2020, the HKEx published findings from its latest review of listed companies’ corporate governance practices and practitioners’ insights on ESG and Corporate Governance.