On December 1, 2011, Hong Kong depositary receipts ("HDRs") representing common stock of Coach, Inc. began trading on the Hong Kong Stock Exchange (the "HKSE"), a marketplace that is increasingly becoming a listing destination for global companies. Coach’s common stock will remain listed on the New York Stock Exchange (the "NYSE"), and the secondary listing on the HKSE will not involve a capital raise by Coach. Paul Hastings represented J.P. Morgan in its role as sponsor for the HKSE listing, de

On 4 May 2011, the Ministry of Commerce (MOFCOM) released a discussion draft of the Administrative Measures on Using Equity Interest as Capital Contributions to Foreign-Invested Enterprises (the "Draft Measures").

The Stock Exchange of Hong Kong Limited (SEHK) issued a reminder to listed issuers on 9 August 2011 to draw their attention to their obligations to disclose price sensitive information under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (Listing Rules), especially in view of the recent turmoil of the equity and credit markets.

The spectacular collapse of the Guangdong International Trust and Investment Corporation ("GITIC") in 1999 leaving over US$2 billion of irrevocable loans highlighted some of the deep-rooted problems of corporate governance in the PRC and the need for urgent reforms.

Hong Kong Exchanges and Clearing Limited (HKEx) published a new Frequently Asked Questions Series 14 (FAQ) on 31 May 2011 mainly to assist listed issuers to understand and comply with Appendix 10 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, namely the Model Code for Securities Transactions by Directors of Listed Issuers (Model Code) and the corresponding relevant provisions under the Rules Governing the Listing of Securities on the Growth Enterpris

Whilst the Taiwanese authorities’ investigations into possible insider dealing in securities on the part of family members of President Chen have caused widespread political instability on the Island, it is noteworthy that in Hong Kong insider dealing is both a civil wrong and a crime under the Securities and Futures Ordinance ("SFO").

The definition of "Prospectus" in Section 2(1) of the <I>Companies Ordinance</I> (Cap 32) (the "CO") has been amended with effect from 3 December 2004 in accordance with the <I>Companies (Amendment) Ordinance 2004</I> to exclude the documentation for 12 types of offer set out in the new Seventeenth Schedule to the CO ("the New Schedule").

The Stock Exchange of Hong Kong Limited announced various minor and housekeeping amendments to the Main Board Listing Rules and GEM Listing Rules on 17 February 2006. The amendments come into effect on 1 March 2006.

China State Administration of Foreign Exchange ("SAFE") issued the "Circular on Issues Relevant to Improving the Foreign Exchange Administration Regarding Mergers & Acquisitions by Foreign Investors" ("January Circular") on 24 January 2005 and the "Circular on Issues Relevant to Registration Regarding Foreign Investment by Domestic Residents and Foreign Exchange Registration Regarding Mergers & Acquisitions by Foreign Investors" ("April Circular") on 21 April 2005.

As part of The Stock Exchange of Hong Kong Limited’s (the "Stock Exchange") environmental friendly initiative to reduce the requirement for printed materials within the confines of the existing regulatory framework,

Asset managers and their legal advisers generally assume that investment funds (e.g. unit trusts) that are intended to be marketed to the investing retail public in Hong Kong must be authorized by the Securities and Futures Commission ("SFC") pursuant to one of the applicable codes issued by the SFC. Our research shows that this may not be so.

Rule Requirements, Notifiable Transactions, Connected Transactions, Issues of Securities by Listed Issuers

Hong Kong is an attractive place for PRC and international companies to do fund raising. The Hong Kong Stock Exchange currently ranks 8th in the world by market capitalization while Shanghai, Singapore and Shenzhen are in 14th, 21st and 24th position respectively.

From 2017 to 2021, the number of licensed money lenders in Hong Kong has increased from 1,994 to 2,490. The ensuing business expansion has resulted in a series of recent court...

The SFO restricts insider dealing. Whilst the objectives of insider dealing restrictions are widely accepted and the conceptual framework is clear, the statutory prohibitions under the SFO on insider dealing ...

This Legal Update outlines a recent Hong Kong Court of First Instance (HKCFI) decision regarding powers of the Land Registrar to withhold registration of instruments.

On the heels of one of the most volatile periods in recent market history, politicians and commentators have questioned whether some investment products are too risky or too complex for retail investors.

The Companies (Amendment) Ordinance 2004 in Hong Kong ("Amendment Ordinance") was enacted in July 2004 to improve the prospectus regime for facilitating market development (Schedule 1), modernize the registration regime for oversea companies (Schedule 2) and enhance the corporate governance regime by strengthening remedies for shareholders (Schedule 3).

The Hong Kong Securities and Futures Commission ("SFC") is an independent statutory body established under the Securities and Futures Ordinance ("SFO") to administer the securities and futures markets including the licensing of market participants and the regulation of offers of securities.

The Hong Kong Code on Takeovers and Mergers (the "Takeovers Code") regulates takeovers and mergers in Hong Kong and applies to public companies and companies with a primary listing of their equity securities in Hong Kong.