The updates include a consultation paper on a new phase of paper listing and a joint announcement on temporary modifications to requirements for specialist technology companies and de-SPAC transactions....more
The updates in May and June include a consultation conclusion and a consultation paper from the Stock Exchange.
The key updates in May and June 2024 include the publication of the consultation conclusions on the Severe...more
The updates include two consultation conclusions from the Stock Exchange of Hong Kong Limited and notice from the Companies Registry.
The key updates in March and April 2024 include the publication of the consultation...more
The amendments, which will become effective from 1 January 2025, aim to reflect the ISSB Climate Standards to the maximum extent possible.
In April 2024, the Stock Exchange of Hong Kong Limited (the Exchange) released the...more
The updates include a report from the Stock Exchange of Hong Kong Limited on review of issuers’ annual reports, a summary of private reprimands, and disciplinary actions....more
4/23/2024
/ Board of Directors ,
Conflicts of Interest ,
Corporate Governance ,
Corporate Issuers ,
Corporate Officers ,
Disciplinary Proceedings ,
Disclosure Requirements ,
Enforcement Actions ,
Financial Reporting ,
Hong Kong ,
Hong Kong Stock Exchange ,
Internal Controls ,
Listing Standards ,
Regulatory Oversight ,
Regulatory Requirements ,
Stock Exchange
The updates include a Consultation Paper, new and revised guidance materials from the Stock Exchange of Hong Kong Limited, and notices from the Companies Registry.
The key updates in November and December 2023 include the...more
The Stock Exchange of Hong Kong, the SFC, and the Companies Registry have published key regulatory updates during September and October 2023....more
The SEHK guidance sets out the framework for its assessment in considering a waiver application of the increasingly popular automatic share buyback program.
The Stock Exchange of Hong Kong Limited (the SEHK) has issued a...more
The Hong Kong Court confirmed that noteholders with beneficial interest in global notes do not have standing to present winding-up petitions against issuers.
Meanwhile, the BVI Court reached the opposite conclusion in a...more
From 31 March 2023, the listing framework will include innovative companies in frontier industries, creating more opportunities for investors in the Hong Kong capital market.
The Stock Exchange of Hong Kong Limited (the...more
The proposed amendments reflect changes in PRC regulations recently announced by the State Council and the CSRC.
On 24 February 2023, The Stock Exchange of Hong Kong Limited (the Stock Exchange) published a Consultation...more
Market capitalisation, research and development investment, and historical financing would be the primary bases for listing such companies under the new proposal.
On 19 October 2022, The Stock Exchange of Hong Kong...more
The requirements under Chapter 17 of the Listing Rules applicable to share option schemes will also govern share award schemes under the amendments that will become effective 1 January 2023.
Both share option schemes...more
8/11/2022
/ Amended Regulation ,
Corporate Governance ,
Employee Share Schemes ,
Employee Shareholders ,
Hong Kong ,
Hong Kong Stock Exchange ,
Incentive Stock Options ,
Listing Rules ,
Publicly-Traded Companies ,
Shareholders ,
Stock Options
Intermediaries in bookbuilding and placing activities should prepare for the new rules, which will take effect on 5 August 2022.
The Securities and Futures Commission of Hong Kong (SFC) published the “Consultation...more
As share buy-backs hit record levels, listed issuers should understand their options when pursuing share buy-backs and the related legal and regulatory implications.
Background -
Share buy-backs are a popular way for...more
The expansion would include Shenzhen Stock Exchange and potentially European stock exchanges, and would permit overseas issuers to raise capital in China through CDR listings.
On 17 December 2021, the China Securities...more
1/18/2022
/ Capital Markets ,
China ,
China Securities Regulatory Commission (CSRC) ,
Corporate Issuers ,
EU ,
Global Depositary Receipts (GDRs) ,
Listing Rules ,
London Stock Exchange ,
Popular ,
Proposed Regulation ,
Shanghai Stock Exchange ,
UK
The paper sets out the long-awaited framework for a SPAC listing regime in Hong Kong, which will become effective 1 January 2022.
On 17 December 2021, the Stock Exchange of Hong Kong Limited (the Exchange or HKSE) published...more
If 2020 was the year that COVID-19 precipitated extraordinary government intervention and regulation of our lives, 2021 looks set to be the year that regulatory interventions in M&A precipitate changes to the way that...more
The paper proposes standards of conduct for intermediaries involved in bookbuilding and placing activities in ECM and DCM transactions.
On 8 February 2021, the Securities and Futures Commission of Hong Kong (SFC)...more
The consultation paper proposes to increase the Main Board Profit Requirement by 150% or 200%.
The Stock Exchange of Hong Kong Limited (the Exchange) has published a Consultation Paper on the Main Board Profit Requirement...more
The new guidance offers improved clarity on disclosure in the prospectus and suitability for listing of biotech companies.
Since the implementation of the new listing regime for biotech companies under Chapter 18A of the...more
Sponsors should maintain best practices in IPO engagements in light of increased enforcement action and regulatory scrutiny from the SFC.
Key Points:
..In March 2019, the Hong Kong securities regulator, the Securities...more
Hong Kong Stock Exchange introduces new listing regime for pre-revenue biotech companies and innovative companies with weighted voting rights structures.
...more
Hong Kong incorporated companies are required to maintain a register of significant controllers and should take reasonable steps to identify its significant controllers.
Summary -
From 1 March 2018, all Hong Kong...more
The Court of First Instance’s decision has important implications for directors of listed companies when failing to act in the best interests of the company.
Background -
On July 15, 2015, the Securities and Futures...more