香港法律

The new daily quotas will take effect on 1 May 2018 and will increase the daily quota for each of the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect schemes.

The said deficiencies were especially common for sponsor work done for GEM IPOs. Between October 2013 and December 2017, 44 listing applications were returned or rejected due to concerns raised during the vetting process.

The Addendum arranges for the establishment of a new Listing Policy Panel as a centre point for discussions on listing policy with broader regulatory or market implications.

On 23 February 2018, the Hong Kong Stock Exchange released a Consultation Paper on a Listing Regime for Companies from Emerging and Innovative Sectors, setting out proposals to allow the listing of a broader range of companies.

The SFC has reprimanded and fined Interactive Brokers Hong Kong Limited for breaches of the Code of Conduct due to deficiencies in executing market orders using electronic and algorithmic trading systems.

The most significant change proposed is to increase the voting approval threshold for whitewash waivers from a simple majority of independent votes to 75%.

HKEx published listing decisions which dealt with issuer’s sufficiency of level of operations to warrant continued listing, and listed issuer’s ability to meet the new listing requirements after spin-off.

Changes to HKEx’s Main Board and GEM Listing Rules will take effect on 15 February 2018. The changes will raise listing thresholds and impose more onerous requirements for companies transferring to the Main Board from GEM.

The Hong Kong Stock Exchange published the Conclusions to the New Board Concept Paper (Conclusions) today (Friday 15 December 2017) setting out the steps to be taken to extend the Hong Kong listing regime to allow companies …

Consultation Paper proposes changes on the declaration and undertaking by directors and supervisors and related matters, listed issuers’ declaration and board resolutions relating to issuance of securities

The Exchange proposes to add to CP A.5.5 a requirement to explain why the INED would be capable of devoting sufficient time to the board if he or she is holding a seventh (or more) listed company directorship.

The SEHK has published a Consultation Paper on Capital Raisings by Listed Issuers to address potential abuse in large, deeply discounted fund raisings and certain share consolidations and subdivisions.