News

Read our expert legal news and briefings on Hong Kong’s financial markets, logistics and technology.
Launch of grant scheme for open-ended fund companies and real estate investment trusts
Launch of grant scheme for open-ended fund companies and real estate investment trusts 1401 788 Hauzen

Launch of grant scheme for open-ended fund companies and real estate investment trusts

Hong Kong’s Financial Secretary announces subsidies for open-ended fund companies to set up in or re-domicile and Real Estate Investment Trusts to list in HK.

Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China
Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China 1400 787 Hauzen

Enforcement of Civil Judgments of Matrimonial and Family Cases in Hong Kong and Mainland China

Hong Kong’s Legislative Council passed the Mainland Judgments in Matrimonial and Family Cases (Reciprocal Recognition and Enforcement) Ordinance

HKEx’s Consultation Conclusions – Review of Listing Rules Relating to Disciplinary Powers and Sanctions
HKEx’s Consultation Conclusions – Review of Listing Rules Relating to Disciplinary Powers and Sanctions 1401 788 Hauzen

HKEx’s Consultation Conclusions – Review of Listing Rules Relating to Disciplinary Powers and Sanctions

Hong Kong Exchanges and Clearing published the conclusions of its consultation on its review of the Listing Rules relating to disciplinary powers and sanctions.

HKEx’s disciplinary action against Tech Pro Technology Development & 7 former directors
HKEx’s disciplinary action against Tech Pro Technology Development & 7 former directors 1920 1080 Hauzen

HKEx’s disciplinary action against Tech Pro Technology Development & 7 former directors

HKEx reiterated that directors, including INEDs, have clear duties and responsibilities to safeguard the interests and assets of a listed issuer.

Proposed amendments to PDPO to combat doxxing activities
Proposed amendments to PDPO to combat doxxing activities 1400 787 Hauzen

Proposed amendments to PDPO to combat doxxing activities

Proposed amendments include “A person commits an offence if the person discloses any personal data of a data subject without the data subject’s consent,”

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements
Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements 1402 790 Hauzen

Exemptions for senior executives of licensed corporations from compulsory quarantine arrangements

On 28 May 2021, the SFC issued a circular regarding the grant of exemptions for senior executives of licensed corporations from the three-week compulsory quarantine arrangements in Hong Kong under Cap. 599C and Cap. 599E.

HKEx Publishes Listed Issuer Regulation Newsletter
HKEx Publishes Listed Issuer Regulation Newsletter 1920 1080 Hauzen

HKEx Publishes Listed Issuer Regulation Newsletter

Including an update on listed issuers meeting financial reporting obligations during Covid-19, guidance on lending transactions, confirmation on material loan arrangements of counterparties with connected persons when vetting notifiable transactions, and listed issuers’ spin-off activities.

FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs
FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs 1400 788 Basil Hwang

FSTB Concludes Landmark Consultation on New Licensing Regime for VASPs

Proposal has received broad support from respondents, who understand the importance of regulating VASPs in fulfilment of the obligations outlined by the FATF.

The Securities and Futures Commission (the “SFC”) reprimanded and fined Ewarton Securities Limited
The Securities and Futures Commission (the “SFC”) reprimanded and fined Ewarton Securities Limited 1400 788 Hauzen

The Securities and Futures Commission (the “SFC”) reprimanded and fined Ewarton Securities Limited

The Securities and Futures Commission reprimanded and fined Ewarton Securities Limited for internal control failings and breaches of the SFC’s Code of Conduct.

The Show Must Go On – Signing with Electronic Signatures in Hong Kong
The Show Must Go On – Signing with Electronic Signatures in Hong Kong 1401 788 Hauzen

The Show Must Go On – Signing with Electronic Signatures in Hong Kong

Electronic signatures have been recognised in under Hong Kong laws as early as January 2000 with the enactment of the Electronic Transactions Ordinance (Cap. 553). This article provides a summary of the current legal framework governing electronic signatures in commercial settings and in litigation settings.

Joint statement on IPO-related misconduct
Joint statement on IPO-related misconduct 1920 1080 Hauzen

Joint statement on IPO-related misconduct

On 20 May 2021, SFC and HKEx issued a joint statement setting out the general approach taken by them to address regulatory issues formed in recent new listings.  The statement described how the regulators would deploy their respective powers under the SFO, the SMLR and the Listing Rules to tackle issues that mainly involved suspected arrangements to artificially satisfy the initial listing requirements, or facilitate market manipulation of the shares after the IPO.

HKEx Consultation Conclusions on the Main Board Profit Requirement
HKEx Consultation Conclusions on the Main Board Profit Requirement 1401 789 Hauzen

HKEx Consultation Conclusions on the Main Board Profit Requirement

On 20 May 2021, the Stock Exchange of Hong Kong Limited published conclusions to its consultations on the Main Board Profit Requirement.

SFC warns against online investment scams
SFC warns against online investment scams 1400 788 Hauzen

SFC warns against online investment scams

The Securities and Futures Commission has recently concluded an online campaign alerting the public about the use of online platforms to defraud investors. There are many ways to ascertain and verify the identity of the counter-party on the other end of the deal.  Here are some ways to avoid falling victim to investment scams:-

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing
Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing 1400 788 Hauzen

Judiciary Consultation on the Legislative Amendments to Enable Remote Hearing

The Judiciary Administration published a legislative proposal to enable remote hearing on February 2021

Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information
Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information 1920 1080 Hauzen

Market Misconduct Tribunal sanctions China Medical & HealthCare Group Limited and its directors for late disclosure of inside information

On 12 May 2021, MMT fined China Medical & HealthCare Group Limited, formerly known as COL Capital Limited, and six of its former and current directors a total of $4.2 million for failing to disclose inside information as soon as reasonably practicable following proceedings brought by the SFC.

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