Myanmar (Burma)

FSTB Concludes Consultation on Licensing Regime for Hong Kong Virtual Asset Exchanges

On 21 May 2021, Hong Kong’s Financial Services and Treasury Bureau (the FSTB) published its Consultation Conclusions1 on legislative proposals to enhance anti-money laundering and counter-terrorist financing (AML/CTF) regulations in Hong Kong (Consultation Conclusions) in respect of Hong Kong virtual asset service providers (VASPs). These Consultation Conclusions are in response to the FSTB’s consultation paper2 […]

Clinton MorrowPartner, Charltons

Hong Kong Government subsidises establishment of Hong Kong open-ended fund companies and real estate investment trusts

The Hong Kong Financial Secretary of the Hong Kong Government announced in the 2021/2022 budget speech1 that the Hong Kong Government will provide subsidies to cover 70% of the expenses paid to Hong Kong professional service providers for Hong Kong open-ended fund companies (“Hong Kong OFCs”) set up in or re-domiciled to Hong Kong in […]

Julia CharltonPartner, Charltons

Hong Kong Government subsidises establishment of Hong Kong open-ended fund companies and real estate investment trusts

The Hong Kong Financial Secretary of the Hong Kong Government announced in the 2021/2022 budget speech1 that the Hong Kong Government will provide subsidies to cover 70% of the expenses paid to Hong Kong professional service providers for Hong Kong open-ended fund companies (“Hong Kong OFCs”) set up in or re-domiciled to Hong Kong in […]

Clinton MorrowPartner, Charltons

HKEX Proposes Extension of its Secondary and Dual Primary Listing Regimes

The Hong Kong Stock Exchange’s Consultation Paper on the Listing Regime for Overseas Issuers1 published on 31 March 2021 (HKEX Consultation Paper) proposes potentially far reaching changes to its requirements for secondary and dual primary listings of overseas companies on the Hong Kong Stock Exchange (the HKEX). Two of the key proposals, which are the […]

Julia CharltonPartner, Charltons

HKEX Proposes to Revise Corporate Governance Code and Related Listing Rules

On 16 April 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published a consultation paper on the Review of Corporate Governance Code and Related Listing Rules1 (the “HKEX Consultation Paper”) setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure and standards (among others). The HKEX also proposes to revise the […]

Julia CharltonPartner, Charltons

HKEX Proposes Simplification of HKEX Listing Regime for Overseas Companies

On 16 April 2021, the Stock Exchange of Hong Kong Limited (“HKEX”) published a consultation paper on the Review of Corporate Governance Code and Related Listing Rules1 (the “HKEX Consultation Paper”) setting out proposals aimed at enhancing directors’ independence, board diversity and ESG disclosure and standards (among others). The HKEX also proposes to revise the […]

Clinton MorrowPartner, Charltons

HKEX Proposes Extension of its Secondary and Dual Primary Listing Regimes

The Hong Kong Stock Exchange’s Consultation Paper on the Listing Regime for Overseas Issuers1 published on 31 March 2021 (HKEX Consultation Paper) proposes potentially far reaching changes to its requirements for secondary and dual primary listings of overseas companies on the Hong Kong Stock Exchange (the HKEX). Two of the key proposals, which are the […]

Clinton MorrowPartner, Charltons

HKEX Proposes Simplification of HKEX Listing Regime for Overseas Companies

The Hong Kong Stock Exchange’s Consultation Paper on the Listing Regime for Overseas Issuers1 published on 31 March 2021 (Consultation Paper) puts forward potentially far-reaching changes to the requirements for listing offshore companies on the Hong Kong Stock Exchange (HKEX). For an overview of the proposed changes, please see Charltons’ newsletter The HKEX Consultation Paper […]

Clinton MorrowPartner, Charltons

HKEX Proposes Simplification of HKEX Listing Regime for Overseas Companies

The Hong Kong Stock Exchange’s Consultation Paper on the Listing Regime for Overseas Issuers1 published on 31 March 2021 (Consultation Paper) puts forward potentially far-reaching changes to the requirements for listing offshore companies on the Hong Kong Stock Exchange (HKEX). For an overview of the proposed changes, please see Charltons’ newsletter The HKEX Consultation Paper […]

Julia CharltonPartner, Charltons

Financial Affairs Panel to Discuss Protection of Personal Information Provisions

On 9 April 2021, the Legislative Council’s Panel on Financial Affairs will discuss the proposed implementation of provisions to protect directors’ personal information from public inspection which are contained in the Companies Ordinance (Cap. 622). The proposals set out in LC Paper No. CB(1)737/20-21(07)1 envisage that subsidiary legislation implementing a phased introduction of the new […]

Julia CharltonPartner, Charltons

Financial Affairs Panel to Discuss Protection of Personal Information Provisions

On 9 April 2021, the Legislative Council’s Panel on Financial Affairs will discuss the proposed implementation of provisions to protect directors’ personal information from public inspection which are contained in the Companies Ordinance (Cap. 622). The proposals set out in LC Paper No. CB(1)737/20-21(07)1 envisage that subsidiary legislation implementing a phased introduction of the new […]

Clinton MorrowPartner, Charltons

SFC Publishes Quarterly Report (Q4 2020)

On 23 February 2021, the Hong Kong Securities and Futures Commission (the SFC) published its quarterly report1 for the period October to December 2020. The main highlights include: Listing and takeovers – a total of 34 new listing applications (two from companies with WVR structures and four from pre-revenue biotech companies) were vetted by the […]

Clinton MorrowPartner, Charltons