Introduction
In its June 2025 Listing Regulation and Enforcement Newsletter,
the Stock Exchange of Hong Kong Limited (the "Stock
Exchange") provided updates on several key regulatory
areas. This article focuses on three specific topics: new corporate
governance requirements, issuers undertaking securities trading and
financial investment activities, and non-compliance issues in
material transactions.
New corporate governance requirements
On 19 December 2024, the Stock Exchange published the
consultation conclusion on its "Review of the Corporate
Governance Code and Related Listing Rules". The revised
Corporate Governance Code and related Rules Governing the Listing
of Securities on the Stock Exchange (the "Listing
Rules") aim to strengthen board effectiveness,
independence, and diversity. The new requirements will apply to
corporate governance reports and annual reports for financial years
commencing on or after 1 July 2025, with transitional arrangements
in
