Resources
Hong Kong – FSB Publishes Report On Framework For Monitoring Crypto-asset Risks And Other Work By Standard Setting Bodies On Crypto-Assets
On 16 July 2018, the Financial Stability Board (FSB) published a report to the G20 on its work with the Committee on Payments and Market Infrastructures (CPMI) to develop a framework and identify metrics for the monitoring of financial stability risks posed...
China – CBIRC Publishes Framework Determining C-ROSS Reinsurance Risk Charges Applicable To Hong Kong Reinsurers
On 17 July 2018, the China Banking & Insurance Regulatory Commission (CBIRC) published its framework for determination of re-insurance risk charges applicable under C-ROSS to transactions between domestic insurance companies and Hong Kong insurance companies...
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...
