On 19 March 2018, the Securities and Futures Commission (SFC) issued a press release stating that Black Cell Technology Limited (Black Cell) halted its initial coin offering (ICO) to the Hong Kong public as a result of regulatory action by the SFC. The SFC considered Black Cell’s offering of its digital coins, KROPS, to constitute a Collective […]
Here we see Ross Koffel of Koffels Solicitors & Barristers, Australia (centre) visiting the offices of Dominic Wai of ONC Lawyers, Hong Kong (Left.)
Guidance Letters issued on Pricing Flexibility for IPOs and Placing Tranche Reallocation in IPOs On 2 February 2018, the Stock Exchange of Hong Kong Limited (the Exchange) issued Guidance Letter HKEX-GL-90-18 on pricing flexibility for initial public offerings (IPOs) and Guidance Letter HKEX-GL-91-18 on placing tranche reallocation in IPOs. Guidance Letter HKEX-GL-90-18 introduces a mechanism […]
SFC and Exchange sign addendum to MOU Governing Listing Matters On 9 March 2018, the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (the Exchange) signed an addendum (Addendum) to the Memorandum of Understanding (MoU) Governing Listing Matters which took immediate effect. The Addendum follows up on the Joint Consultation […]
After three years of negotiations, ASEAN members and the Hong Kong Special Administrative Region (SAR) of China finally signed a Free Trade Agreement (FTA) on 12 November to increase economic cooperation between the two regions. Agreements signed included the ASEAN-Hong Kong, China Free Trade Agreement (AHKFTA), and the ASEAN-Hong Kong Investment Agreement (AHKIA). The agreements […]
The traditional role of the accountant has been to provide bookkeeping and audit services to their clients in line with regulatory and tax bodies of whichever jurisdiction they belong to. […]
Read moreSFC Fines IBHK concerning Electronic and Algorithmic Trading Systems Hong Kong’s Securities and Futures Commission (SFC) has publicly reprimanded and fined Interactive Brokers Hong Kong Limited (IBHK) HK$4.5 million for breaches of the Code of Conduct for Persons Licensed by or Registered with the SFC (Code of Conduct) which lead to two incidents of market […]
HK Stock Exchange Consults on Listings of Emerging and Innovative Companies Introduction On 23 February 2018, the Hong Kong Stock Exchange (the “Stock Exchange”) released a Consultation Paper on a Listing Regime for Companies from Emerging and Innovative Sectors (the “Consultation Paper”), setting out proposals to allow the listing of a broader range of companies […]
SFC Warns of Cryptocurrency Risks Hong Kong’s securities regulator, the Securities and Futures Commission (SFC), issued a statement warning investors of cryptocurrency risks related to cryptocurrency exchange trading and buying into initial coin offerings (ICOs) on 9 February 2018. Read more… Hong Kong Law Newsletter | Charltons
Hong Kong’s Securities and Futures Commission (SFC) published a Consultation Paper (Consultation Paper) on proposed changes to the Codes on Takeovers and Mergers and Share Buybacks (the Codes) for a 3-month consultation period ending on 19 April 2018. Read more… Hong Kong Law Newsletter | Charltons
On 29 January 2018, our Partner Mr Dominic Wai gave a seminar for members of the Hong Kong Institute of Certified Public Accountants on “How to Deal with the 3Cs when They Come Knocking”. The seminar was attended by more than 80 people.
