The Hong Kong Stock Exchange released its Financial Statements Review Programme Report 2017 on 1 June 2018. The report sets out the Stock Exchange’s key findings on compliance with accounting standards and disclosure requirements under the Listing Rules and Companies Ordinance based on a review of 100 financial reports issued between February 2017 and April […]
On 9 May 2018, the Hong Kong Monetary Authority (HKMA) issued a Circular on Credit Risk Management for Personal Lending Business (Circular), allowing authorized institutions (AIs) to adopt credit risk management techniques and practices enabled by technology for personal lending business. Read More… Hong Kong Law Newsletter | Charltons
The Securities and Futures (Professional Investor) Rules (PI Rules) will be amended to implement modifications previously granted by the Securities and Futures Commission (SFC) with effect from 13 July 2018, subject to the legislative process. The SFC published its consultation conclusions to its March 2017 consultation paper on 18 May 2018, details of which are […]
The Securities and Futures Commission (SFC) outlined its proactive regulatory approach to tackling corporate misconduct in the second issue of the SFC Regulatory Bulletin: Listed Corporations (Regulatory Bulletin) published on 23 May 2018. The Regulatory Bulletin gives details of the SFC’s exercise of its powers under the Securities and Futures (Stock Market Listing) Rules (SMLR) […]
Tightened Hong Kong Listing Rules on Capital Raisings by Listed Issuers Effective 3 July 2018 Changes to the Listing Rules of the Hong Kong Stock Exchange (HKEx) will take effect on 3 July 2018. These implement the proposals suggested by HKEx in its September 2017 Consultation Paper on capital raisings by listed issuers aimed at […]
SFC Outlined Market Regulation Approach and Fined Citigroup Mr. Brian Ho of the Hong Kong Securities and Futures Commission (SFC) outlined the SFC’s approach to market regulation in a speech on 17 May 2018. The speech covered the April 2018 changes to the Hong Kong Stock Exchange (HKEx) Listing Rules allowing (i) pre-revenue biotech companies […]
Hong Kong Monetary Authority to Launch Pilot Bond Grant Scheme On 10 May 2018, the Hong Kong Monetary Authority (HKMA) issued a circular[1] setting out details of the highly anticipated three-year Pilot Bond Grant Scheme (Bond Grant Scheme) announced in the 2018-2019 Budget. The aim of the scheme is to encourage Hong Kong, Mainland and […]
SFC Guidelines on Online Platforms and Advisory Services On 28 March 2018, the Securities and Futures Commission (SFC) released its Consultation Conclusions on the Proposed Guidelines on Online Distribution and Advisory Platforms (the Guidelines) on online order execution and distribution of investment products and related advisory services. The Guidelines will clarify in particular how SFC-licensed […]
New Rules for Listing Biotech Companies on the Hong Kong Stock Exchange The Hong Kong Stock Exchange (the Exchange) published its Consultation Conclusions on a Listing Regime for Companies from Emerging and Innovative Sectors on 24 April 2018 (Consultation Conclusions) setting out Listing Rule changes which will allow the listing on the Exchange of two […]
We were most delighted to have Dr. Xu Guojian visiting us here in Hong Kong where he was attending the events to celebrate the 125th Anniversary of the Hague Conference. We had a good discussion and exchange of our respective practices and industry news. It was very nice to take catch up with our fellow […]
SFC and CSRC increase daily quotas for Mainland-Hong Kong stock connect On 11 April 2018, the China Securities Regulatory Commission and the Hong Kong Securities and Futures Commission announced an increase of the daily quotas for Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. The new daily quotas will take effect on 1 May […]
SFC identifies continued deficiencies in sponsor work On 26 March 2018, the Securities and Futures Commission (SFC) issued a Circular to licensed corporations on expected standards for sponsor work (the Circular) following the release of their Report on the thematic review of licensed corporations engaged in sponsor business (the Report). The deficiencies in sponsor work highlighted […]