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Hong Kong Financial Markets

Jones Day

Hong Kong Passes Law on Stablecoins

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The new law complements existing laws on digital tokens and virtual assets....more

Morgan Lewis

Fiat-Backed Stablecoin Regulation Compared: UK, EU, Hong Kong, and US

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This LawFlash compares the regulatory requirements (as currently proposed or established) on single fiat-backed stablecoin issuers in the United Kingdom, European Union, Hong Kong, and the United States....more

White & Case LLP

APAC lifted by bumper year for Indian IPOs

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The Asia-Pacific region had to contend with a slowdown in new listings in mainland China, but another bumper year for India's IPO market, which consolidated its position as the most active IPO hub globally, helped to lift...more

White & Case LLP

Local trends lift global IPO outlook

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Global IPO activity showed steady progress in 2024. Although geopolitical volatility still lingers, the foundations are in place for another solid year. 2025 has the potential to be a strong year for global IPO activity,...more

Dorsey & Whitney LLP

Taking Forward Reforms to the Hong Kong Listing Regime

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In the recently released 2025-2026 Budget, the Hong Kong Government has mentioned that it will further strengthen the city’s role as a leading international financial centre. It extends various favorable policies and reforms...more

Mayer Brown

Hong Kong's Policy Statement on Responsible Application of Artificial Intelligence in the Financial Market

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INTRODUCTION - On 28 October 2024, the Financial Services and Treasury Bureau ("FSTB") of Hong Kong issued a policy statement on the responsible application of artificial intelligence ("AI") in the financial market...more

Latham & Watkins LLP

Hong Kong Publishes Code of Conduct for ESG Ratings and Data Products Providers

Latham & Watkins LLP on

On October 6, 2024, the Hong Kong Code of Conduct for ESG Ratings and Data Products Providers (VCoC) was published to establish and promote a consistent, interoperable, and proportionate voluntary code for providers offering...more

Latham & Watkins LLP

Key Regulatory Updates for Hong Kong Listed Companies - July/August 2024

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The updates include a consultation paper on a new phase of paper listing and a joint announcement on temporary modifications to requirements for specialist technology companies and de-SPAC transactions....more

Seyfarth Shaw LLP

HKEx’s Enhanced Climate Disclosure Requirements

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On 14 April 2024, the Stock Exchange of Hong Kong Limited published conclusions to its consultation on the enhancement of climate-related disclosures under its environmental, social, and governance (“ESG”) framework. With...more

Jones Day

Hong Kong GEM Listing Reforms Take Effect

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The Situation: The Growth Enterprise Market (the "GEM") listing activities in Hong Kong have been declining since 2019, and there was no new listed issuer on the GEM in 2022....more

Mayer Brown

Hong Kong GEM Reforms Will Take Effect on 1 January 2024

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In less than three months, the Hong Kong Stock Exchange (HKEX) has adopted all proposals for GEM listing reform from the consultation paper issued in September 2023, with only minor amendments. The reforms will be...more

Jones Day

Hong Kong Stock Exchange Implements Reforms to Relax IPO "Double Dipping" Restrictions

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The Stock Exchange of Hong Kong Limited ("HKEx") introduced a new exemption allowing existing shareholders and cornerstone investors to subscribe for or purchase further securities in an IPO (i.e., to "double dip") under...more

Latham & Watkins LLP

Case Update: Hong Kong Regulator’s Right to Enforce Against Foreign Defendants

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Hong Kong’s highest court confirms that its financial markets regulator may serve proceedings on foreign defendants for restoration orders as of right. The Hong Kong Court of Final Appeal (CFA) held in a recent judgment...more

Latham & Watkins LLP

Consultation on Proposed Regulation to Govern Market Soundings in Hong Kong

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SFC proposes guidelines for intermediaries conducting and receiving market soundings in securities and capital market transactions. On 11 October 2023, the Securities and Futures Commission (SFC) issued a consultation...more

Skadden, Arps, Slate, Meagher & Flom LLP

HKEX Initiatives Present Opportunities Even in a Down Market

Like other global financial centers, Hong Kong has seen falling IPO volumes and volatile markets in 2022 in the face of challenging macroeconomic conditions and rising geopolitical tensions, including between China and the...more

Latham & Watkins LLP

BIS Issues Final Guidance on Stablecoin Regulation

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The global central bank cooperative body would bring stablecoins within the international standards for payment, clearing, and settlement systems....more

Jones Day

Japan Introduces Temporary Exemption for Foreign Fund Managers

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The Japanese Financial Services Agency released a new regulation allowing foreign fund managers and securities brokers to transfer their operations to Japan temporarily and without registration in certain emergency...more

Jones Day

Hong Kong Implements New National Security Law - Hong Kong has recently implemented a national security law that aims to safeguard...

Jones Day on

On June 30, 2020, the Standing Committee of the National People's Congress of the People's Republic of China passed the Law of the People's Republic of China on Safeguarding National Security in the Hong Kong Special...more

Robins Kaplan LLP

Financial Daily Dose 7.8.2020 | Top Story: Deutsche Bank to Pay $150 Million Over Epstein-Related Failures

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German lender Deutsche Bank has reached a $150 million settlement with NY’s Department of Financial Services over its years long failure to “detect or prevent millions of dollars of suspicious transactions” from flowing...more

Hogan Lovells

Hong Kong Corporate Insights | May 2020

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Hong Kong Exchanges and Clearing Limited (HKEx) signs agreement with MSCI Inc. (MSCI) to license indexes to launch Asia and Emerging Markets futures and options contracts ...more

Hogan Lovells

Monthly Hong Kong Corporate Insights | April 2020

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HKEx published Guidance Materials for Biotech Companies The Hong Kong Exchanges and Clearing Limited (HKEx) published and updated Guidance Materials providing prospective issuers and the market with more clarity on the...more

Morgan Lewis

Algorithmic Trading: Hong Kong Monetary Authority Discusses Supervisory Expectations, Evolving Market Manipulation Risk

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The Hong Kong Monetary Authority published a circular on March 6, 2020, Sound Risk Management Practices for Algorithmic Trading, setting out its supervisory expectations and sound risk management practices on algorithmic...more

Hogan Lovells

CFA limits defence for insider dealers

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On 12 October 2018, the Court of Final Appeal (CFA) found former executives of a listed company, Asia TeleMedia Limited (ATML) culpable for insider dealing. The majority four to one decision examines the "innocent purpose"...more

A&O Shearman

Governance & Securities Law Focus: Europe Edition - October 2018

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In this newsletter, we provide a snapshot of the principal European, US and selected international governance and securities law developments of interest to European corporates. ...more

Robins Kaplan LLP

Your Daily Dose of Financial News

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To no one’s surprise, the Fed followed through with its months of promises and raised its benchmark interest rate by 25 basis points yesterday. The FOMC also indicated that it’s planning to raise rates again in December....more

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