Hong Kong Law
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Amendments to the Companies Ordinance Relating to Non-Hong Kong Companies
The amendments made by the Companies (Amendment) Ordinance 2004 to the provisions of the Companies Ordinance relating to overseas companies will come into effect on 14 December, 2007. The principal changes include…
Pilot Scheme Requiring the Early Posting of a Near Final Draft IPO Prospectus on the HKEx Website to Commence January 2008
The Stock Exchange of Hong Kong Limited (the Exchange) and the Securities and Futures Commission (SFC) published a Joint Policy Statement on 5 November 2007, announcing that they are launching a pilot scheme…
Listing Decisions on pre-IPO Convertible Bond Issues
Hong Kong Exchanges and Clearing Limited (HKEx) has published Series 59 of the listing decisions dealing with pre-IPO issues of convertible bonds. The decisions considered whether various terms, including…
SFC Publishes Guidance on Takeovers Code
The Securities and Finance Commission of Hong Kong (the SFC) has launched a series of newsletters aimed at providing guidance and interpretation on matters relating to takeovers in Hong Kong. The first Takeovers…
SFC Publishes Consultation Paper on Proposed Amendments to the Codes on Takeovers and Mergers and Share Repurchases
The Securities and Futures Commission (SFC) released a consultation paper (the Consultation Paper) on proposed amendments to the Codes on Takeovers and Mergers and Share Repurchases (the Codes) on 19 September 2007.
HKEx Publishes Consultation Paper on Periodic Financial Reporting
Hong Kong Exchanges and Clearing Limited (HKEx) released a Consultation Paper (the Consultation Paper) on Periodic Financial Reporting on 31 August 2007. The paper sets out HKEx’s proposals to: shorten the half-year…
HKEx Proposes a Second Board Model for Gem Invites Responses on Consultation Paper
Hong Kong Exchanges and Clearing Limited (HKEx) released a Consultation Paper (the Consultation Paper) (see archive) on the Growth Enterprise Market (GEM) on 27 July 2007. The paper sets out HKEx’s proposals for…
HKEx Issues Reminder to Listed Issuers Regarding Suspension Related Matters under the Electronic Disclosure Regime
HKEx’s new regime for the electronic dissemination of regulatory information (the EDP) came into effect on 25 June 2007. Under the EDP, the HKEx websites become the primary channel for dissemination of regulatory…
SFC Adopts New Approach to Licensing of Fund Managers
The Securities and Futures Commission (the SFC) published a circular on 11 June 2007 (the Circular) setting out initiatives for simplifying and streamlining its licensing process for fund managers. These represent…
Abolition of the Requirement for Main Board Issuers to Publish Paid Newspaper Announcements
From 25 June 2007, with the launch of Phase 1 of its new regime for electronic dissemination of regulatory information (the Electronic Disclosure Project, (EDP)), Hong Kong Exchanges and Clearing Limited (HKEx) will…
Stock Exchange and SFC Announce Joint Policy Statement Regarding the Listing of Overseas Companies
On 7th March 2007, the Stock Exchange of Hong Kong Limited (SEHK) and the Securities and Futures Commission (SFC) published a Joint Policy Statement Regarding the Listing of Overseas Companies (Policy Statement).
Revised Approach Adopted for the Introduction of a Statutory Listing Regime
The Government proposes to introduce to Legco as soon as possible a Securities and Futures Amendment Bill implementing a new statutory listing regime. This will be in line with the revised proposals for extending…