Listed Companies

Overview

Hong Kong is one of the world’s most active markets for initial public offerings. As a regional financial hub, Hong Kong is well positioned to serve as a financial gateway for inbound investment into China as well as outbound investment from China to the rest of the world. The city’s continued success as a global capital formation market is built upon a respected legal system based on the rule of law, a robust, professional and independent judiciary, adherence to international standards, and deep capital pools with active participation of both institutional and retail investors.

Our deep experience in dealing with regulators including the Stock Exchange of Hong Kong, the Securities and Futures Commission and the Takeovers Panel enables us to offer robust and practical solutions to listed companies in Hong Kong. We regularly assist clients in navigating the wide range of corporate and commercial laws at the heart of their strategic transactions whilst ensuring they comply with an increasingly complex web of regulatory hurdles under the Listing Rules of the Stock Exchange of Hong Kong, the Takeovers Code, and the Securities and Futures Ordinance.

We have experience in assisting with disclosure and reporting obligations of listed companies, including the drafting of circulars, announcements, and other documents required when a listed company carries out certain transactions. We are familiar with the disclosure of price sensitive information regime, requirements on corporate governance, and responsibilities of directors both under the law and the applicable rules of the exchange and in connection with takeovers.

Experience

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  • Regulatory Counsel to a Fortune Global 500 insurance company as vendor of an acquisition worth HKD7.9 billion and HKD3.6 billion worth of shares regarding regulatory issues under the regimes of the Securities and Futures Commission, Insurance Authority, and Mandatory Provident Fund Schemes Authority

  • Representing the non-executive chairman of AcrossAsia before the MMT regarding late disclosure of price sensitive information

  • Regulatory Counsel to a Fortune Global 500 insurance company as vendor of an acquisition worth HKD7.9 billion and HKD3.6 billion worth of shares regarding regulatory issues under the regimes of the Securities and Futures Commission, Insurance Authority, and Mandatory Provident Fund Schemes Authority

  • Representing the non-executive chairman of AcrossAsia before the MMT regarding late disclosure of price sensitive information

Awards

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  • Corporate INTL Magazine

    Regulatory Law Firm of the Year in Hong Kong

    Financial Services Regulatory

  • Chambers & Partners

    Leading Practice

    Financial Services Regulatory

  • Chambers & Partners

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    "Recommended Practice"

    Financial Services Regulatory

  • IFLR 1000

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Market-Leading Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Leading Lawyer

    Financial Services Regulatory

  • Asialaw Leading Lawyers

    Market-Leading Lawyer

    Financial Services Regulatory

  • Asialaw Profiles

    Outstanding Practice

    Financial Services Regulatory

  • IFLR 1000

    "Positively Ranked"

    Financial Services Regulatory

  • IFLR 1000

    Highly Regarded Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Well Regarded Lawyer

    Financial Services Regulatory

  • Corporate INTL Magazine

    Regulatory Law Firm of the Year in Hong Kong

    Financial Services Regulatory

  • Chambers & Partners

    Leading Practice

    Financial Services Regulatory

  • Chambers & Partners

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    "Recommended Practice"

    Financial Services Regulatory

  • IFLR 1000

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Market-Leading Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Leading Lawyer

    Financial Services Regulatory

  • Asialaw Leading Lawyers

    Market-Leading Lawyer

    Financial Services Regulatory

  • Asialaw Profiles

    Outstanding Practice

    Financial Services Regulatory

  • IFLR 1000

    "Positively Ranked"

    Financial Services Regulatory

  • IFLR 1000

    Highly Regarded Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Well Regarded Lawyer

    Financial Services Regulatory

Insights

  • Capital Markets Hong Kong IPOs: A Broken Regime?

    The efforts of the Securities and Futures Commission to eliminate financial fraud perpetrated by Hong Kong listed companies and their directors is laudable. What is unclear is why they have chosen to focus almost exclusively on the sponsors who have brought these companies to the market. This unnatural preoccupation with the sponsors sends an unfortunate message that directors engaged in fraud have nothing to fear but the remote risk that they will be deprived of their ill-gotten gains and that auditors have little, if any, responsibility for assuring the public as to the financial position of these companies.

  • Pitfalls of Non-Compliance: A New Landscape for Listed Companies

    We have recently seen a dramatic shift in the enforcement priorities of the SFC. Where the SFC once focused primarily on regulating brokers, asset managers, financial advisers and other licensed intermediaries, it is clear today that there is a real and substantial focus on listed companies. Both the anecdotal and quantitative data confirm the shift.