Browse Publications

• Professional Investors: Hong Kong Relaxes Requirements - At Least For Now
  Amendments to the Securities and Futures (Professional Investor) Rules relaxing evidential requirements to establish whether a person qualifies as a non-institutional professional investor will facilitate dealings with persons on the basis of professional investor exemptions. However, the passage of these amendments through the Legislative Council suggests that the legislative climate for the sale of investment products to persons other than institutional professional investors remains hostile, despite a number of measures already taken to raise standards in this regard. A broad review of the professional investor regime would not be unexpected.
  
• Guide to Listing: A Summary of Key Requirements in Hong Kong
  Hong Kong is an international financial center with deep capital markets tied to China. Total equity funds raised through initial public offerings (“IPOs”) in 2010 exceeded US$57 billion, ranking the Stock Exchange of Hong Kong (“SEHK”) as the global leader in equity fund raising through IPOs. By comparison, in the same year, total equity funds raised through IPOs on the New York Stock Exchange and Stock Exchange of London was less than US$35 billion and US$16 billion, respectively.
  
• Selling of Investment Products: New Requirements in Hong Kong
  New conduct of business requirements applicable to the sale of investment products which were announced in June 4 2010 will come into effect on June 4 2011.  These requirements will tighten obligations on licensed and registered persons to assess the suitability of derivative products for clients and will expand disclosure requirements with a view to addressing misalignments in economic interests of distributors of investment products and their client.  In this article, we review the new requirements and consider their effects on licensed and registered persons.
  
• Regulation of Credit Rating Agencies
  The Securities and Futures Commission has created a new regulated activity to bring credit rating agencies under its licensing and registration framework. Under the revised regulatory regime, credit rating agencies will be subject to capital requirements as well as conduct of business and competency requirements. In this article, we examine the changes to the law.
  
• False Trading : Are Wash Trades and Matched Orders Now Illegal?
  A recent decision of the Court of Appeal opens up the possibility that market participants crossing securities with themselves or their associates in the market may be regarded as engaging in market manipulation.  In this article, we review the Court of Appeal’s reasons for judgment and assess its impact.
  
1-5 6-10 11-15 16-20 21-25 26-30 31   Next >>