Updates on New Board Concept Paper Hong Kong’s Financial Secretary, Mr. Paul Chan, has suggested that tech and other new economy companies with weighted voting rights (WVR) structures may be allowed to list on the Main Board of the Hong Kong Stock Exchange, subject to the imposition of appropriate safeguards. It seems therefore that the […]
Court allows Judicial Review of TVB Hong Kong Takeovers Panel Ruling On 4 October 2017, The Honourable Justice Wong in the Court of First Instance granted leave to Television Broadcasts Limited (TVB) and allowed a judicial review of the Takeovers and Mergers Panel (Hong Kong Takeovers Panel) ruling (Ruling) regarding a share buy-back (Share Buy-Back […]
Myanmar Highlights October 2017 The Viettel Group’s (“Viettel”) Myanmar subsidiary, Telecom International Myanmar Company Limited – operating under the business name MyTel (“MyTel”) – plans to launch Myanmar’s first ‘4G-only services’ in the first quarter of 2018. MyTel intends to provide coverage to 90% of Myanmar, construct 7,200 base stations and lay 33,000 km […]
HKEx issues a Consultation Paper on Delisting and Other Rule Amendments Introduction On 22 September 2017, the Stock Exchange of Hong Kong Limited (the Exchange), a wholly owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), published a Consultation Paper on Delisting and Other Rule Amendments. The consultation paper proposes improvements to the effectiveness […]
SFC Hong Kong Fintech Sandbox Launched and HKMA Hong Kong Smart Banking and Enhanced Fintech Sandbox On 29 September 2017, the Securities and Futures Commission (SFC) launched the SFC Regulatory Sandbox (Hong Kong Fintech Sandbox) which will provide a confined regulatory environment for qualified firms to operate under the Securities and Futures Ordinance (Cap 571) […]
Takeovers Executive Sanctions for Breach of Mandatory General Offer Obligation Introduction In August 2017, the Securities and Futures Commission (SFC) publicly censured and imposed a 24-month cold shoulder order against Mr Yeung Wing Yee. These sanctions were imposed as a consequence of Mr Yeung’s breach of the mandatory general offer obligation under Rule 26.1 of […]
Regulation of Cryptocurrency and blockchain tokens and initial coin offerings (ICOs) In Hong Kong and throughout the world, financial technology (FinTech) is transforming traditional financial services. The most promising technology is Blockchain, which is a distributed ledger technology, which provides a new mechanism for recording and verifying information. Blockchain is the technology which underlines the relatively […]
Joint Consultation Conclusions on Proposed Changes to Hong Kong Listing Regulation Released On 15 September 2017, the Securities and Futures Commission (SFC) and The Stock Exchange of Hong Kong Limited (Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), released their Joint Consultation Conclusions on Proposed Enhancements to the Exchange’s Decision-Making and […]
Asia Pacific is an economic region that cannot be ignored by businesses with an international outlook. By all measurements, the Asian market is already huge and growing in wealth, size […]
Read moreThe global healthcare industry is huge and growing larger every year. Healthcare encompasses specialist sectors such as BioMed and MedTech as well as more established industries such as traditional healthcare […]
Read moreSFC’s Consultation Conclusions and Further Consultation on Changes to Financial Resources Rules Introduction On 24 July 2017, the Securities and Futures Commission (SFC) published consultation conclusions on the proposed regulatory capital regime for licensed corporations (LCs) engaged in over-the-counter derivatives (OTCD) activities and other proposed changes to the Securities and Futures (Financial Resources) Rules (FRR). […]
Charltons emphasises Hong Kong’s “super connector” role at the Belt and Road Forum in Chengdu Introduction On 29 July 2017, the ‘Belt and Road Forum’ took place in Chengdu, China. The forum was jointly organised by Charltons and Grandall Law Firm from the PRC. In her speech to the forum, Charltons’ managing partner, Julia Charlton, […]
