On 14 March 2024, China's National Development and Reform and Commission (NDRC) issued a consultation paper soliciting public comments on its proposed rules providing support for the incurrence of the medium...

In the recent case of Re China Evergrande Group (in liquidation) [2025] HKCFI 1638, the Court of First Instance addresses the issue of whether a person holding merely an economic interest (as opposed to a legal right) in a note or bond ...

Is it possible for a debtor company to issue debt (such as bonds) and contractually agree for that debt to rank lower in priority than debts owed by a company to other unsecured creditors?

More panda bonds than ever are being issued, but problems surrounding them mean their range of appeal outside red-chip companies is limited.

The Hong Kong Exchange and Clearing Limited (HKEx) recently provided interim guidance on pre-IPO investments to clarify uncertainties among market practitioners in relation to pre-IPO investments. It is anticipated that HKEx will issue a consultation paper on possible amendments to the Rules Governing the Listing of Securities on the Stock Exchange of Hong Kong Limited (Listing Rules) in this regard.

As digital currencies continue to gain popularity worldwide, Hong Kong has enacted the Stablecoins Ordinance (Cap. 656) ("SCO"), ushering in a new era for digital asset regulation.

As we enter 2004 and the Year of the Monkey, China is facing increasing pressure from the rest of the world to revalue its currency and to remove other perceived artificial benefits to exporters.

Our four-part multimedia series, "High-Yield Bonds in Asia: What Every Issuer Needs to Know," offers practical insights on high-yield debt for Asia-based issuers seeking to understand important

The Hong Kong Stock Exchange (HKEX) has issued a new guidance letter (HKEX-GL116-23).

This quarterly update (January to March 2014) highlights recent developments in Hong Kong capital markets practices:

The Stock Exchange of Hong Kong Limited (the Exchange) published ‘Consultation Conclusions on Review of Chapter 37 – Debt Issues to Professional Investors Only' (the Consultation Conclusions) ...

The Securities and Futures Commission and the Hong Kong Monetary Authority issued a joint circular on 28 July 2023 setting out procedures that intermediaries can streamline (Streamlined Approach)...

This quarterly update (July to September 2013) highlights recent developments in Hong Kong capital markets practices:

The High Court of England and Wales recently upheld the priority given to investors over the rights of Lehman Brothers as a swap counterparty in a credit-linked note structure.

Every day, companies are being formed around the world for a variety of reasons. Incorporation produces a corporate entity which is separate from its owners, with its own legal rights and obligations.

Rule 26 is a fundamental provision of the Code on Takeovers and Mergers ("Takeovers Code") to ensure transparency and fairness in corporate control transactions and to protect the interests of minority shareholders.

Chabra injunctions are freezing orders against assets held by a person "A", against whom a claimant has no cause of action, on the basis that such assets may be ultimately available through court process to satisfy a judgment which the claimant may obtain against a defendant.

As financial markets globalize, particular markets have increasing opportunities to shape themselves by adopting processes, concepts and regulatory frameworks borrowed from other markets.

On 30 August 2022, the Hong Kong Court of Appeal overturned the Court of First Instance's decision in the case of Guy Kwok-Hung Lam v Tor Asia Credit Master Fund LP and held that a creditor's bankruptcy petition presented in Hong Kong should not be allowed to proceed.

The Hong Kong Court of Final Appeal has taken a practical approach in interpreting the second core requirement, out of three needed, for a Hong Kong Court to exercise its discretion to ...