Resources
Amended Hong Kong Takeover Rules Effective From 13 July 2018
On 13 July 2018, the Securities and Futures Commission (SFC) released its conclusions on the consultation paper on proposed amendments to the Codes on Takeovers and Mergers and Share Buy-backs (Codes) published in January 2018 (see our previous client...
Hong Kong Stock Exchange Proposes Rule Changes To Tighten Regulation Of Backdoor Listing
On 29 June 2018, The Stock Exchange of Hong Kong Limited (Exchange) published a consultation paper on backdoor listing, continuing listing criteria and other rule amendments, seeking market views on its proposed changes to the Listing Rules to address...
Hong Kong Domiciled Institutions Allowed To Advise Mainland Institutions On Southbound Stock Trading
On June 29, 2018, the China Securities Regulatory Commission (“CSRC”) promulgated the Interim Provisions on Securities and Fund Operation Institutions’ Engagement of Hong Kong Domiciled Institutions to Provide Securities Investment Advisory Services (the “Interim...
Hong Kong’s Anti-graft Commissioner Warns Of Corruption On Belt And Road
The head of Hong Kong's Independent Commission Against Corruption (ICAC) has warned local investors to beware of rampant corruption in some Belt and Road countries. ICAC commissioner Simon Peh Yun-Lu pledged the support of the agency, one of the world's most respected...
Hong Kong – Construction Industry Comes Under Scrutiny By Competition Regulator
Hong Kong’s Competition Ordinance came into full effect in December 2015. The law applies to all sectors of the economy and prohibits conduct which has the object or effect of harming competition in Hong Kong. The Competition Commission (Commission) is empowered to...
Hong Kong Open-Ended Fund Company Regime Expected To Commence
On 18 May 2018, the Hong Kong Securities and Futures Commission (SFC) published the conclusions to its consultation on the detailed legal and regulatory requirements applicable to the upcoming open-ended fund company (OFC) regime. ...
Successful or Unsuccessful Law Firms? The Key is Culture
"Culture is simply a shared way of doing something with a passion” - Brian Chesky, Co-Founder, CEO, Airbnb “How would you describe the culture in your firm? A question very often asked by prospective recruits, legal journalists, and legal rankings organisations....
Hong Kong – Changes To Professional Investor Rules
On 18 May 2018 the SFC published the conclusions of its consultation on proposed amendments to the Securities and Futures (Professional Investor) Rules (PI Rules). The proposed amendments included expanding the categories of persons who will qualify as professional...
Hong Kong – Implications For Robo-Advisers
On 28 March 2018 Hong Kong’s SFC published the consultation conclusions on proposed Guidelines on Online Distribution and Advisory Platforms. At the heart of the responses received from a number of respondents to the consultation, both professional firms and...
Hong Kong – A Closer Comparison Between GDPR And PDPO
Hong Kong’s Privacy Commissioner for Personal Data (PCPD) recently issued a booklet addressing the potential impact of the European Union’s (EU) General Data Protection Regulation 2016 (GDPR) on Hong Kong (HK) businesses. Coming into force on 25 May 2018, the GDPR...
