Overview of Hong Kong’s Stablecoins Bill
On 6 December 2024, the Hong Kong government published the Stablecoins Bill, which aims to establish a comprehensive licensing regime and regulatory framework for specified stablecoins in Hong Kong. The Stablecoins Bill follows the consultation conclusions jointly published by the Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau on 17 July …
Hong Kong’s initiatives to accelerate tokenisation of real-world assets
In the context of tokenisation, a “real-world asset” refers to a physical asset or a traditional financial asset that is represented digitally on a blockchain. These assets may include equities, bonds, financial instruments, and funds, as well as non-financial assets such as real estate, intellectual property, natural resources, art pieces or even income streams.
Hong Kong has set to launch an inward company re-domiciliation regime
By Rossana Chu and Beverly Fu The Hong Kong Government announced that the law to enable non-Hong Kong companies to re-domicile to Hong Kong will take effect on 23 May 2025. This will help bolster the city’s status as a global business and financial hub and an open and competitive economy.
Facilitating cross-border data flow in the GBA
The Guangdong-Hong Kong-Macau Greater Bay Area (GBA) initiative creates a highly integrated economic and business hub by connecting nine cities in Guangdong province with the Hong Kong and Macau Special Administrative Regions.
Hong Kong proposes critical infrastructure cybersecurity law
Hong Kong does not have statutory requirements on critical infrastructure cybersecurity.
Background for signing Amendment Agreement II on Trade in Services under CEPA
The HKSAR Government and the Ministry of Commerce signed the Agreement on Trade in Services under the framework of Closer Economic Partnership Arrangement (“CEPA”) in November 2015 to basically achieve liberalisation of trade in services between the Mainland and Hong Kong.
Proposed Regulatory Regime for Stablecoin Issuers in Hong Kong: An Overview
Hong Kong is taking significant strides towards establishing a comprehensive regulatory framework for stablecoin issuers.
Hong Kong opens doors to foreign company redomiciliation
The Hong Kong government has announced that it will make a law to enable non-Hong Kong companies to redomicile in Hong Kong.
SEHK revises Corporate Governance Code
The Stock Exchange of Hong Kong (SEHK) proposed enhancing corporate governance of its 2,600 listed issuers on the Main Board and GEM in a mid-summer consultation paper titled Review of Corporate Governance Code and Related Listing Rules.
Hong Kong Court of Appeal: No “Issued Share Capital” for UK LLP for Stamp Duty Relief Purpose
Background In 2020, there was a case where John Wiley & Sons UK2 LLP (“UK LLP 2”) (as a transferor) and Wiley International LLC (“US LLC”) (as a transferee),