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The Hong Kong Stock Exchange (HKEx) has announced rule amendments to enhance attractiveness of the Hong Kong market, in particular to Greater China Issuers, taking effect from 1 January 2022.

Despite an otherwise difficult year, Hong Kong has again solidified its position as one of the prime finance centers of the world, and tops the world's IPO fund-raising list in 2019 for the sixth time in the last 10 years.

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

Technology companies, as well as existing financial institutions, are free to apply to own and operate 'virtual banks' in Hong Kong, a financial regulator in the city has said.

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.

Listing on the Hong Kong Stock Exchange by way of introduction received some attention recently as a result of the suspension of trading in the shares of Asian Citrus Holdings Ltd, China’s biggest orange plantation just 2 hours after trading on the opening day and in June 2010, the listing of London listed insurer Prudential PLC where Prudential added another trading venue in Hong Kong without raising additional funds as no new shares were issued in Hong Kong.

Special purpose acquisition companies (SPACs) were all the rage in the US in 2020 and early 2021.Following amendments to the SPAC listing regime in Hong Kong and with the Singapore market abuzz with a series of...

On 22 March 2019, The Stock Exchange of Hong Kong Limited published a listing decision (LD121-2019) to provide guidance on the reasons for rejecting 24 listing applications in 2018, an eight-fold increase from 3 in 2017.

Under the Hong Kong secondary board GEM Listing Rules, a new applicant applying for a GEM listing is required to demonstrate that throughout its active business pursuit period ("ABP Period") it has, either by itself or through one or more of its subsidiaries, actively pursued one focused line of business.

When The Stock Exchange of Hong Kong Limited concluded the discussion surrounding Weighted Voting Rights in April 2018, only individuals who have been materially responsible for the growth of the innovative company could benefit from WVR.

On 12 October 2011, The Stock Exchange of Hong Kong Limited (the "HKEx") issued "HKEx Guidance Letter HKEx-GL25-11" ("GL25-11") regarding the conditions for waivers from strict compliance with the requirement to include three years’ financial statements in prospectuses pursuant to Rule 4.04(1).

The following case attracted substantial publicity both in China and elsewhere for several reasons. Firstly, it was the first case of a judgment being published by an Intermediate People’s Court in China involving the illegal sale of pirated DVDs in China in which foreigners were punished.

Hong Kong's Securities and Futures Commission has imposed a HKD2.1 million fine on Luk Fook Securities following a ransomware attack that crippled its trading systems for over two weeks. The enforcement action reveals systemic cybersecurity failures across network protection, access controls, and business continuity planning, marking a significant shift from regulatory guidance to direct financial penalties for cyber control deficiencies.