Resources
China – Hong Kong – Stock Connect Northbound Investor ID Model Set To Launch On 17 September 2018
Late last month, the Securities and Futures Commission (SFC) announced that agreement had been reached with the China Securities Regulatory Commission (CSRC) to implement the investor identification model for Stock Connect Northbound trading (NB Investor ID...
Hong Kong – SFC Focuses On Margin Financing
Warning on the provision of margin financing in the guise of investments On 3 August 2018, the Securities and Futures Commission (SFC) issued a circular regarding arrangements which might involve a licensed corporation (LC) assisting unlicensed persons to...
Hong Kong – SFC Circular Warning Asset Managers On Margin Financing Activities Disguised As Investments: Wider Market Implications
Background The Securities and Futures Commission said in a circular issued earlier this month that it believes some licensed corporations carrying out asset management may have assisted “unlicensed affiliates or third parties” to...
Hong Kong – Upcoming Changes To The Listing Rules And The Corporate Governance Code
Various changes to the Listing Rules and the Corporate Governance Code will come into effect on 1 January 2019. The changes are contained in the Exchange's consultation conclusions regarding the Corporate Governance Code that were published on 27 July 2018....
Hong Kong – An Update Before A Review Of The Competition Ordinance
December 2018 marks the third anniversary of the Hong Kong Competition Ordinance, which is set to be reviewed in terms of its effectiveness. In this article, we look at some recent developments that might be considered in the upcoming review. Private action for...
Hong Kong Enters New Era Of Smart Banking With Launch Of Open API Framework
Late last week, the HKMA announced that it had concluded a consultation on its intended approach to open application programming interface (API) for the Hong Kong banking sector, and had published its final framework...
Amendments To Hong Kong’s Corporate Governance Regime For Listed Companies To Take Effect From 2019
The Stock Exchange has issued its consultation conclusions on proposed amendments to the corporate governance regime for listed issuers and their directors. Market feedback was supportive and the Stock Exchange will proceed with its proposed rule changes,...
Hong Kong – SFC Consults On Proposed Amendments To Its Anti-money Laundering And Counter-terrorist Financing Guidelines
Introduction The Securities and Futures Commission (“SFC”) has on 5 July 2018 commenced a one-month consultation (the “Consultation Paper”) on proposals to amend (a) the Guideline on Anti-Money Laundering and Counter- Terrorist Financing (the “AML Guideline”),...
Anti-Corruption In Hong Kong
1. Domestic bribery (private to public) 1.1 Legal framework In Hong Kong, corruption and bribery constitute the same offense. The offense is governed by the Prevention of Bribery Ordinance (Chapter 201 of the Laws of Hong Kong Special...
Hong Kong – SFC Amends The Codes On Takeovers And Mergers And Share Buy-backs To Protect Minority Shareholders’ Interest
On 13 July 2018, the Securities and Futures Commission (SFC) released its Consultation Conclusions (the "Conclusions") on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (the "Codes", each a "Code"). The amendments to the Codes took...
