Hong Kong

HKEx Listing Rules: HKEx Consultation on Codifying Waivers and Principles for HKEx IPOs and Listed Issuers

Proposed Codification and Changes to HKEx Listing Rules The Stock Exchange of Hong Kong Limited (HKEx or the Exchange) issued a Consultation Paper on Codification of General Waivers and Principles relating to IPOs and Listed Issuers and Minor Rule Amendments [1] (HKEx Consultation Paper) on 2 August 2019. Read More… Hong Kong Law Newsletter | Chartlons

Julia CharltonPartner, Charltons

Article – Hong Kong Protests: Rights and Responsibilities of Employers

There has been much commentary (and confusion) in the news and on social media about employees’ absences from work due to and/or in support of the protests. This short article sets out the basic legal principles in respect of protests that are occurring in Hong Kong. Absences from work Whilst the right for employees to strike […]

Nick GallSenior Partner, Gall Solicitors

New Listing Rules on Backdoor Listings Effective 1 October

The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange or HKEx) published its Consultation Conclusions on Proposed Rule Changes Associated with Backdoor Listing, Continuing Listing Criteria and other Rule Amendments on 26 July 2019 setting out changes to the HKEx Listing Rules on reverse takeovers (i.e. backdoor listings) and the criteria for continued […]

Julia CharltonPartner, Charltons

HKEx Report on the CES HK Biotechnology Index

The Stock Exchange of Hong Kong (HKEx) published a Research Report: Investment Benchmark for Asia’s Biotechnology Sector: CES HK Biotechnology Index in May 2019 highlighting HKEx’s role in financing China’s growing biotechnology sector and the instrumental role to be played by the CES HK Biotechnology Index (CES HK Biotech) launched in November 2018 to track […]

Julia CharltonPartner, Charltons

SFC Reminds Listed Companies of Duties on Corporate Acquisitions and Disposals

The Securities and Futures Commission (SFC) issued a reminder to the directors of HKEx-listed companies and their advisers of their statutory and legal duties when evaluating and approving corporate/business acquisitions and disposals in its Statement on the Conduct and Duties of Directors when Considering Corporate Acquisitions or Disposals, published on 4 July 2019.  Read More… […]

Julia CharltonPartner, Charltons

HKEx Amends Russia Country Guide for International Companies

The Hong Kong Stock Exchange (HKEx) amended its country guide for Russia in March 2019 to provide for Russian listing applicants which are “international companies” under Russian law.  The crucial difference between Russian “international companies” and Russian joint stock companies, for which the HKEx’s Russia country guide previously catered, is that “international companies” can issue […]

Julia CharltonPartner, Charltons

Hong Kong SFC Imposes HK$27 mln Fine for Sponsor Due Diligence Failures

The Securities and Futures Commission (SFC) has reprimanded and imposed fines totalling HK$27 million on China Merchants Securities (HK) Co., Limited (China Merchants) for IPO sponsor due diligence failures relating to its joint sponsorship of the listing application of China Metal Recycling (Holdings) Limited (China Metal) which listed on the Hong Kong Stock Exchange in […]

Julia CharltonPartner, Charltons