Hong Kong

Hong Kong Stock Exchange has recognised Russia as an Acceptable Jurisdiction of Incorporation for Listing Applicants

  HKEx has recognised Russia as an acceptable jurisdiction of incorporation for listing applicants and has issued a Country Guide setting out how Russian companies can meet key shareholder protection standards   Introduction and Background   The Hong Kong Stock Exchange (the Exchange) has recognised Russia as an acceptable jurisdiction of incorporation for listing applicants (Acceptable […]

Julia CharltonPartner, Charltons

Changes to HK Guidelines for Regulation of Automated Trading Services

The SFC is consulting on changes to the Guidelines for Regulation of Automated Trading Services Introduction The Securities and Futures Commission (SFC) published its Consultation Paper on Proposed Amendments to the Guidelines for the Regulation of Automated Trading Services (the ATS Guidelines) on 20 November 2015. A draft of the revised ATS Guidelines is included […]

Julia CharltonPartner, Charltons

SFC Consults on expanding the scope of short position reporting

SFC Consults on Expanding Short Position Reporting Requirement Introduction The Securities and Futures Commission (SFC) published a consultation paper  on 27 November 2015, proposing the expansion of the scope of the short position reporting regime and corresponding amendments to the Securities and Futures (Short Position Reporting) Rules (Short Position Reporting Rules). The key changes proposed […]

Julia CharltonPartner, Charltons

New HKEx Guidance on Cash Company Rules Targets Backdoor Listings

HKEx Targets Backdoor Listings in Application of Cash Company Rules to Large Scale Fundraisings Background The Stock Exchange of Hong Kong Limited (the Exchange) has published Guidance Letter 84-15 on the application of the Listing Rules’ cash company provisions to large scale fundraisings. The move follows an upsurge in the number of large scale fundraisings proposed by listed […]

Julia CharltonPartner, Charltons

HK Exchange Provides Further Guidance on Significant Distributions of Unlisted Assets by Listed Issuers

Exchange Provides Further Guidance on Issuers’ Significant Distributions of Unlisted Assets  The Hong Kong Stock Exchange (the Exchange) recently updated listing decision HKEx-LD75-4 on the issue of whether a distribution by a listed issuer (Company A) of shares in its subsidiary (Subsidiary B) to Company A’s shareholders was a transaction for the purposes of the Notifiable Transactions or […]

Julia CharltonPartner, Charltons

HK Exchange Provides Further Guidance on Significant Distributions of Unlisted Assets by Listed Issuers

Exchange Provides Further Guidance on Issuers’ Significant Distributions of Unlisted Assets  The Hong Kong Stock Exchange (the Exchange) recently updated listing decision HKEx-LD75-4 on the issue of whether a distribution by a listed issuer (Company A) of shares in its subsidiary (Subsidiary B) to Company A’s shareholders was a transaction for the purposes of the Notifiable Transactions or […]

Julia CharltonPartner, Charltons

Suitability Requirement to Become Mandatory Provision of Hong Kong Client Agreements under SFC Code Amendments

Suitability Requirement to Become Mandatory Provision of Hong Kong Client Agreements under SFC Code Amendments Introduction The Securities and Futures Commission (SFC) published its Consultation Conclusions on the Client Agreement Requirements (the Consultation Conclusions) on 8 December 2015. After extensive consultation, the SFC has published a new clause which intermediaries are required to include in […]

Julia CharltonPartner, Charltons

Hong Kong Stock Exchange Approves India as Acceptable Jurisdiction of Incorporation for Listing Applicants

HKEx Approves India as Acceptable Jurisdiction of Incorporation for Listing Applicants The Hong Kong Stock Exchange (the Exchange) has accepted India as an acceptable jurisdiction of incorporation for listing applicants and has issued a Country Guide for India (India Guide) setting out guidance on how companies incorporated in India can meet the Listing Rules’ requirements […]

Julia CharltonPartner, Charltons

Central Bank of Myanmar cancels foreign exchange licences to protect struggling Kyat

Central Bank of Myanmar cancels foreign exchange licences to protect struggling Kyat The Central Bank of Myanmar (CBM) has revoked foreign exchange licenses issued to hundreds of businesses ranging from hotels to hospitals, in a bid to control the “dollarisation” of the Myanmar economy and protect the Myanmar Kyat. The cancellation of licences is intended […]

Julia CharltonPartner, Charltons

HKEx Publishes Guidance on Continuing Obligations for Issuers/Guarantors of Professionals Only Debt Securities Issues

New Exchange Guidance on Continuing Obligations of Issuers and Guarantors of Listed Debt Securities The Stock Exchange of Hong Kong Limited (the Exchange) has published a guidance letter on the continuing obligations of issuers and guarantors of listed debt securities issued only to professional investors under Chapter 37 of the Exchange’s Main Board Listing Rules (Chapter […]

Julia CharltonPartner, Charltons

Hong Kong Law Reform Commission Consults on Third Party Funding for Arbitration

Law Reform Proposed to Allow Third Party Funding for Hong Kong Arbitration Introduction In October 2005 a Sub-Committee of the Law Reform Commission of Hong Kong published a detailed Consultation Paper on Third Party Funding for Arbitration (see archive) proposing that third party funding for arbitration taking place in Hong Kong should be allowed under […]

Julia CharltonPartner, Charltons

K.M Chan & Co., CPA joins IR Global as the exclusive Tax (Accountants) Member in Hong Kong

IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Clayton Chan of K.M Chan & Co. Clayton has joined IR as our exclusive Tax (Accountants) Member in Hong Kong. Mr. Chan has years of combined experience in advising tax efficient onshore/offshore structure for HK companies, contesting tax field audits and tax investigations, […]

Clayton ChanFounder, K.M Chan & Co., CPA