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To boost its position as a leading center for wealth and asset management, Hong Kong is legislating for limited partnership as a new form of legal vehicle funds that are comparable to more established offshore jurisdictions.

With the US China trade war, US elections, civil unrest in Hong Kong and a global pandemic, 2020 posed enormous challenges for the investment fund industry in the Asia-Pacific region.

Interbank Offered Rates ("IBORs") including the London Interbank Offered Rate ("LIBOR") and the Euro Interbank Offered Rate are being reformed.

The new international accounting standards on treatment of leases will have a serious impact on the financials and operations of many companies in Hong Kong.

Traditionally risk-averse Japanese institutions are massively rebalancing their portfolios and moving into alternative investments at record rates.

To speed up the internationalisation of Renminbi (RMB) as a currency to settle cross-border transactions of capital account items, the Ministry of Commerce (MOFCOM), the State Administration of Foreign Exchange (SAFE) and the People’s Bank of China (PBoC) have issued a series of administrative circulars since January 2011.

This update focuses on the establishment of open-ended fund companies in the context of other possible fund structures under Hong Kong law.

Two recent Hong Kong cases highlight the importance for creditors to pursue action for debt recovery swiftly, as any undue delay may impact on the period for which interest is recoverable and may prevent any enforcement action on a judgment debt.

The Foreign Account Tax Compliance Act (FATCA) is an invasive piece of US legislation. It is designed to identify tax avoidance being undertaken by US entities.

On 28 November 2024, the Hong Kong Monetary Authority ("HKMA") launched the Digital Bond Grant Scheme ("DBGS") and began accepting applications.

In this newsletter, we provide a snapshot of principal Asian, US, European and selected international governance and securities law developments.

While many jurisdictions continue to debate the boundaries of virtual asset ("VA") regulation, Hong Kong has taken a different path – establishing comprehensive regulatory perimeters and incrementally expanding...

We have compiled the following chronology table which serves as a quick reference point to track the circulars and guidance published by HK financial services regulators in relation to COVID-19.