Hong Kong

HKMA Urges ‘Sympathetic Stance’ for Borrowers Affected by Coronavirus

By Manesh Samtani | 07/02/2020

The HKMA is encouraging banks to adopt a sympathetic stance to customers facing coronavirus-related difficulties and to consider offering relief on debt repayment and fees.

Enforcement

SFC Imposes One-Year Ban on RHB Securities Analyst

By Editors | 06/02/2020

The analyst traded stocks covered in research reports he prepared through his father’s securities trading account held at another brokerage.

Securities / Derivatives

Hong Kong PE Firms Should Reassess Licensing Obligations

By Michael P Wong | 05/02/2020

Hong Kong private equity firms should reassess whether they have complied with licensing requirements in light of new guidance from the SFC, says Dechert partner Michael Wong.

Securities / Derivatives

HK Bourse to Grant Relief on Issuer Results Announcements

By Editors | 04/02/2020

Listed companies experiencing difficulties publishing results or audited financial statements due to coronavirus-related travel and other restrictions may be granted relief.

Fintech / Regtech

HKEX Explores AI Use to Review Issuer Disclosures

By Manesh Samtani | 03/02/2020

In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.

Big Picture

Coronavirus Spells More Trouble For Hong Kong Banks: S&P

By Editors | 03/02/2020

S&P Global Ratings says the new coronavirus outbreak will add to the challenges Hong Kong banks already face amid social unrest, US-China trade tensions, and China’s economic slowdown.

Securities / Derivatives

SEHK Proposes to Allow Corporate Beneficiaries of WVR Structures

By Editors | 02/02/2020

Hong Kong’s stock exchange is proposing to allow eligible corporate entities to hold weighted voting rights in listed companies, subject to appropriate safeguards.

Market Infrastructure

HK, Korea, Philippines to Undergo IMF Assessment in 2020

By Editors | 31/01/2020

While Hong Kong and Korea are scheduled to undergo the assessment, as required every five years, the Philippines has voluntarily requested its assessment.

Securities / Derivatives

HKEX Names Two Global Banks in Failed IPO Application

By Editors | 31/01/2020

Sponsored by Morgan Stanley and JP Morgan Securities, the listing of Chinese biotech firm Akeso was rejected due to a typo in the date in a listing application document.