Hong Kong Law
Newsletters
SFC Publishes Assessment Questions for Effective Business Continuity Plans
The Licensing Department of the Securities and Futures Commission (the SFC) has issued a circular (see archive) to licensed corporations containing a non-exhaustive list of self-assessment questions to which…
The Exchange Consults on Internal Controls Section of the Corporate Governance Code
The Stock Exchange of Hong Kong Limited (the Exchange) has published a consultation paper (Consultation Paper) (see archive) on proposed changes to the internal controls section of the Corporate Governance Code…
PRC Ministry of Finance Releases Draft Regulations on Cross-Border Audit Services
On 21 April 2014, the Accounting Division of the Ministry of Finance (MOF) released for consultation its provisional regulations on “cross-border audit services” (the Provisional Regulations) accompanied by the…
Hong Kong Stock Exchange Publishes Guidance Letter on Reverse Takeover Rules
The Hong Kong Stock Exchange (the Exchange) has published guidance letter HKEx-GL78-14 , which reflects the Exchange’s current practice in application of the reverse takeover (RTO) requirements under the Listing…
Exchange Publishes Guidance on Listed Issuers Use of Structured Contracts
The Stock Exchange of Hong Kong (the Exchange) has issued Guidance Letter HKEx-GL77-14 (the Letter), providing guidance on disclosure requirements and other requirements in relation to the use of…
SFC Launches Online System for Dealing Disclosures under Takeovers Code
The Securities and Futures Commission (SFC) has introduced a new online system1 to simplify the submission process for dealing disclosures under Rule 22 of the Code on Takeovers and Mergers (Takeovers Code)…
Court Orders EY to Produce Accounting Records to SFC
The Court of First Instance (the Court) has ordered Ernst & Young (EY) to produce to the Securities and Futures Commission (SFC) specified accounting records relating to its work as the reporting accountant and…
SFC Reprimands and Fines ICBCI and Deutsche Bank
The Securities and Futures Commission (SFC) has made two announcements in relation to the failings of, and penalties imposed, on Deutsche Bank Aktiengesellschaft (Deutsche Bank), and ICBC International Capital…
Exchange Publishes Further Information on Shanghai-Hong Kong Stock Connect
The Stock Exchange of Hong Kong (SEHK) has published further information in relation to Shanghai-Hong Kong Stock Connect (Stock Connect), the proposed mutual market access programme which will allow investors in…
Exchange Issues Guidance on Opinion Letters Prepared By Independent Financial Advisers
The Hong Kong Stock Exchange (the Exchange) has published guidance letter HKEx-GL76-14 (see archive), which provides information on the disclosure in opinion letters prepared by independent financial advisers…
SFC Issues Notice on Risks and Potential Regulatory Issues of Crowd-Funding
The Securities and Futures Commission (SFC) issued a notice (see archive) on 7 May 2014 to remind parties carrying out crowd-funding activities of the potential securities regulatory implications and liabilities…
HKEx to Launch its First Asia Commodities Contracts
Hong Kong Exchanges and Clearing Limited (HKEx) announced yesterday, 22 April 2014, that it plans to launch its commodities business with four futures contracts that will be traded in its derivatives market.