The Stock Exchange of Hong Kong Limited (HKEX) published a potentially far-reaching consultation paper on the Listing Regime for Overseas Issuers1 on 31 March 2021 (the “HKEX Consultation Paper”). The purpose of the HKEX Consultation Paper is to obtain feedback from the market on the HKEX’s proposals to amend the HKEX Listing Rules to streamline […]
The Stock Exchange of Hong Kong Limited (HKEX) published a potentially far-reaching consultation paper on the Listing Regime for Overseas Issuers1 on 31 March 2021 (the “HKEX Consultation Paper”). The purpose of the HKEX Consultation Paper is to obtain feedback from the market on the HKEX’s proposals to amend the HKEX Listing Rules to streamline […]
On 12 March 2021, the amendments to the Measures against Money Laundering Act (MMLA) were published in the State Gazette. Legislative changes have amended the scope of the obligated subjects (legal entities and natural persons) that should implement measures against money laundering and terrorist financing. The above-pointed out obligated subjects under the MMLA are specified […]
On 3 March 2021, the UK Listing Review, chaired by the Rt Hon. Lord Jonathon Hill, published its recommendations for reform of the Listing Rules of the London Stock Exchange1 (the LSE) (the UK Listing Rules). The reforms are aimed at increasing the attractiveness of the UK as a listing venue, particularly for new economy […]
On 3 March 2021, the UK Listing Review, chaired by the Rt Hon. Lord Jonathon Hill, published its recommendations for reform of the Listing Rules of the London Stock Exchange1 (the LSE) (the UK Listing Rules). The reforms are aimed at increasing the attractiveness of the UK as a listing venue, particularly for new economy […]
FOREWORD BY EDITOR, ANDREW CHILVERS As the Covid-19 pandemic continues to disrupt businesses across the world, one of the biggest debates being played out is the future of property – in the city centres and suburbs; in office space, commercial and residential. Just what will the world of real estate look like at the end […]
On 11 December 2020, the Stock Exchange of Hong Kong Limited (the HKEx) published findings from its latest Review of Issuers’ Corporate Governance Practices1 and market practitioners’ insights entitled “Making inroads into good Corporate Governance and ESG management”.2 The review of corporate governance report disclosures in 2019 found a general improvement in issuers’ compliance with […]
On 23 December 2020, the Securities and Futures Commission (the SFC) published a circular to intermediaries1 announcing updates to its frequently asked questions (FAQs) on Compliance with Suitability Obligations2 and Requirements for Complex Products.3 A summary of the key updates can be found below: Updated Area Purpose of the Update Updated FAQs Suitability Assessment To […]
On 17 December 2020, Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (the Steering Group) published its Strategic Plan to Strengthen Hong Kong’s Financial Ecosystem to Support a Greener and More Sustainable Future (the Strategic Plan). The Strategic Plan is aimed at consolidating Hong Kong’s position as a leading green and sustainable finance and risk management centre and […]
The Law on Measures and Actions during the State of Emergency (announced by a decision of the National Assembly on 13 March 2020) was amended in mid-February 2021. First of all, the legislative changes concern the municipalities that have not repaid in time the interest-free loans provided to them by the central budget. In this […]
On 17 December 2020, Hong Kong’s Green and Sustainable Finance Cross-Agency Steering Group (the Steering Group) published its Strategic Plan to Strengthen Hong Kong’s Financial Ecosystem to Support a Greener and More Sustainable Future (the Strategic Plan). The Strategic Plan is aimed at consolidating Hong Kong’s position as a leading green and sustainable finance and risk management centre and […]
On 24 February 2021, Financial Secretary, Mr Paul Chan Mo-po, GBM, GBS, MH, JP, delivered the Hong Kong Government’s 2021/2022 Budget Plan to the Legislative Council. The Financial Secretary emphasised the value of the financial services industry to Hong Kong’s economy, with financial services accounting for 21 percent of GDP in 2019 and its overall share of […]