Introduction The Hong Kong Stock Exchange (HKEx) published new Guidance Letter HKEx-GL89-16 (archive) (the Guidance Letter) in November 2016 providing guidance on issues related to “controlling shareholders” and relevant obligations under the Listing Rules. The guidance focuses on clarifying how the HKEx interprets the Listing Rules’ definition of “controlling shareholder” and its practices in relation […]
Introduction The Securities and Futures Commission (SFC) is consulting on proposals to tighten regulation of Hong Kong’s asset management industry as set out in its November 2016 Consultation Paper (the Consultation Paper). The aim of the reforms is the alignment of Hong Kong’s regulatory framework with international regulatory reforms affecting the asset management industry implemented […]
HKEX Issues Guidance on “Ownership and Control” Requirement for Listing Applicants and Issues Relevant to Controlling Shareholders (HKEx-GL89-16) The Hong Kong Stock Exchange (HKEx) published new Guidance Letter HKEx-GL89-16 (the Guidance Letter) in November 2016 providing guidance on issues related to “controlling shareholders” and relevant obligations under the Listing Rules. The guidance focuses on clarifying […]
In a Joint News Release published on 9 December 2016, the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (the Exchange) said that they are paying close attention to rights issues and open offers that significantly dilute the interests of non-subscribing minority shareholders. The two regulators re-emphasised the importance of […]
Rights Issues and Open Offers that Significantly Dilute Minority Shareholding Interests Face Closer SFC and HKEx Scrutiny In a Joint News Release published on 9 December 2016, the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (the Exchange) said that they are paying close attention to rights issues and open […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Andrew To of Value Plus CPA. Andrew has joined IR as our exclusive Business Advisory Services Member in Hong Kong. Value Plus CPA helps businesses achieve their financial goals through skilled and mindful accounting and tax planning. While global economic landscape has changed […]
Shenzhen-Hong Kong Stock Connect to Launch on 5 December 2016 Shenzhen-Hong Kong Stock Connect (Shenzhen Connect) launches on Monday, 5 December 2016. Modelled on the Shanghai-Hong Kong Stock Connect scheme (Shanghai Connect) that has been in place since November 2014, Shenzhen Connect is a much anticipated channel for Mainland investors to trade in Hong Kong-listed […]
Shenzhen-Hong Kong Stock Connect (Shenzhen Connect) launches on Monday, 5 December 2016. Modelled on the Shanghai-Hong Kong Stock Connect scheme (Shanghai Connect) that has been in place since November 2014, Shenzhen Connect is a much anticipated channel for Mainland investors to trade in Hong Kong-listed stocks and for Hong Kong and international investors to invest directly […]
Myanmar in renewed push to attract foreign investment in post-sanctions era On 7 October 2016, U.S. President Barack Obama signed Executive Order 13742 headed “Termination of Emergency with Respect to the Actions and Policies of the Government of Burma” (E.O. 13742). E.O. 13742 revoked all previously un-repealed measures which had formed part of the U.S.’s […]
HKEX/SFC Joint Consultation: Proposed Enhancements to the Stock Exchange of Hong Kong Limited’s Decision-making and Governance Structure for Listing Regulation The consultation period for the Joint Consultation Paper published by the Hong Kong Securities and Futures Commission (the SFC) and the Stock Exchange of Hong Kong Limited (the Exchange) closed on Friday, 18 November. Published […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Paul K. C. Chan of Paul K.C. Chan & Partners. Paul has joined IR as our exclusive Construction Law Member in Hong Kong. Our firm consists of an energetic team of professionally-minded staff headed by lawyers who have been admitted to practice in […]
HKMA Launches a Fintech Supervisory Sandbox (FSS) Following Singapore’s lead in the race to become Asia’s leading Fintech hub, the Hong Kong Monetary Authority (HKMA) has launched a Fintech Supervisory Sandbox (FSS). The FSS aims to allow banks to pilot trials of Fintech and other technological initiatives in a controlled environment with a more flexible […]