This week I was lucky enough to have the opportunity to learn about how due diligence investigations are conducted outside of the United States. I got to interview Björn Wahlström from Current Consulting Group, a supply chain and risk management firm with a presence in Hong Kong, Shanghai, and Shenzhen. Originally from Europe, Björn has […]
On 17 June 2021, the Securities and Futures Commission (the SFC) and the Securities and Exchange Commission of Thailand (the SEC) announced that the Hong Kong-Thailand Mutual Recognition of Funds scheme (the MRF) had come into force. The scheme is governed by the Memorandum of Understanding concerning Mutual Recognition of Covered Funds and Covered Management […]
On 21 May 2021, Hong Kong’s Financial Services and Treasury Bureau (the FSTB) published its Consultation Conclusions on legislative proposals to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulations in Hong Kong1 (Consultation Conclusions) in respect of Hong Kong dealers in precious metals and stones (DPMS). These Consultation Conclusions are made in response to the […]
On 21 May 2021, Hong Kong’s Financial Services and Treasury Bureau (the FSTB) published its Consultation Conclusions on legislative proposals to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulations in Hong Kong1 (Consultation Conclusions) in respect of Hong Kong dealers in precious metals and stones (DPMS). These Consultation Conclusions are made in response to the […]
On 26 February 2021, the High Court dismissed the application by Bolina Holding Co., Ltd. (Bolina) for leave to apply for judicial review of the decision of the Listing Review Committee of the Stock Exchange of Hong Kong Limited (HKEX) on 4 November 2020 to cancel the company’s listing for failure to satisfy the conditions […]
On 26 February 2021, the High Court dismissed the application by Bolina Holding Co., Ltd. (Bolina) for leave to apply for judicial review of the decision of the Listing Review Committee of the Stock Exchange of Hong Kong Limited (HKEX) on 4 November 2020 to cancel the company’s listing for failure to satisfy the conditions […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Ilya Umanskiy GRCP of Current Consulting Group. Ilya has joined IR as our exclusive Investigative Due Diligence Member in Hong Kong. Ilya is a certified governance, risk, and compliance professional (GRCP) and has many grateful clients in multiple countries around the world. His […]
On 20 May 2021, the Stock Exchange of Hong Kong Limited (the HKEx) published conclusions to its consultation on review of the Listing Rules relating to disciplinary powers and sanctions1 (the Consultation Conclusions). The HKEx received diverse views, with a majority of respondents agreeing with most of the proposed changes to the HKEx’s disciplinary regime. […]
On 20 May 2021, the Stock Exchange of Hong Kong Limited (the HKEx) published conclusions to its consultation on review of the Listing Rules relating to disciplinary powers and sanctions1 (the Consultation Conclusions). The HKEx received diverse views, with a majority of respondents agreeing with most of the proposed changes to the HKEx’s disciplinary regime. […]
On 20 May 2021, the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (HKEX) issued their joint statement on IPO-related misconduct1 setting out issues detected in recent new listings and the regulators’ proposed approach to dealing with them. These issues mainly involve arrangements to artificially satisfy the initial listing requirements […]
On 20 May 2021, the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (HKEX) issued their joint statement on IPO-related misconduct1 setting out issues detected in recent new listings and the regulators’ proposed approach to dealing with them. These issues mainly involve arrangements to artificially satisfy the initial listing requirements […]
On 20 May 2021, the Stock Exchange of Hong Kong (HKEX) published its Consultation Conclusions on the Main Board Profit Requirement.1 Following broad opposition to the Consultation Paper’s2 proposal to increase the profit requirement for companies listing on the Main Board by either 150% or 200%, the HKEX will instead raise the aggregate profit requirement […]