Morgan Lewis (JD Supra Hong Kong)
Going Green and Digital – Hong Kong Stock Exchange Introduces Paperless Initiatives Amid COVID-19
All initial public offerings (IPOs) must be paperless from July 5, 2021 and documents put on display by issuers to support listings and transactions must be made available online from October 4, 2021.
OFAC Publishes Hong Kong Sanctions Regulations: Implications for Business With Hong Kong Entities
The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) published final rules on January 15, 2021, implementing the sanctions put in place by Executive Order 13936 (EO 13936) and the Hong Kong Autonomy Act of 2020 (the Act or HKAA). In EO 13936, then President Donald Trump found that Hong Kong was…
Hong Kong Autonomy Act: An Update
The US Secretary of the Treasury announced sanctions this summer on 11 individuals who the Secretary views as being involved in implementing the recently enacted Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Administrative Region (the National Security Law) and undermining Hong Kong’s autonomy.
Immigration Developments: Hong Kong Normalization and US Visa Updates
In immigration developments the week of July 13, an executive order makes persons born in Hong Kong chargeable to Mainland China for immigrant visa purposes; the policy preventing F-1 and M-1 international students from attending college fully online was abandoned...
COVID-19: Hong Kong Securities Regulators Issue Guidance on General Meetings by Listed Issuers
In light of the coronavirus (COVID-19) crisis, the Government of the Hong Kong Special Administrative Region of the People’s Republic of China (HKSAR) introduced a new Prevention and Control of Disease (Prohibition on Group Gathering) Regulation (the Group Gathering Regulation), which became effective on March 29.
COVID-19: Hong Kong Securities & Futures Commission Guidance on Licensing Matters
The Hong Kong Securities and Futures Commission has released a number of circulars relating to COVID-19, including March 31 guidance on licensing and ongoing compliance matters. This LawFlash provides an overview of the guidance and its implications for licensed corporations.
Algorithmic Trading: Hong Kong Monetary Authority Discusses Supervisory Expectations, Evolving Market Manipulation Risk
The Hong Kong Monetary Authority published a circular on March 6, 2020, Sound Risk Management Practices for Algorithmic Trading, setting out its supervisory expectations and sound risk management practices on algorithmic trading activities. We recommend that authorized institutions that carry out algorithmic trading activities undertake a thorough review of their existing policies against the...
Responding to the 2019 Novel Coronavirus: Guidance for Multinational Employers in Hong Kong
With the situation surrounding the 2019 Novel Coronavirus (COVID-19) rapidly changing, multinational companies with operations in Hong Kong should be aware of how to handle challenging employment issues during this time.
Responding to the 2019 Novel Coronavirus: Guidance for Hong Kong Financial Institutions
With the situation surrounding the 2019 Novel Coronavirus rapidly changing, key practical considerations for financial institutions regulated by the Hong Kong Securities and Futures Commission and Hong Kong Monetary Authority include business continuity planning, contract issues, and notification and filing requirements.
Licensing Requirements for Private Equity Firms in Hong Kong – Part 3
On the theory that three’s a charm, our third and final blog on Hong Kong private equity activities will take a look at Asset Management (Type 9) activities, which are among the most relevant regulated activities for private equity firms in Hong Kong.
Licensing Requirements for Private Equity Firms in Hong Kong – Part 2
In our first blog on Hong Kong private equity licensing, we looked at Dealing in Securities (Type 1). This second blog deals with Advising on Securities (Type 4).
Licensing Requirements for Private Equity Firms in Hong Kong – Part 1
In keeping with our interest in global financial regulatory developments, in this and two blog posts to follow, we examine recent regulatory developments and responses in the active Hong Kong private equity markets.
New Documentary Requirements Issued for Hong Kong Exports and Reexports
Effective April 19, 2017, US exporters intending to export certain controlled items to Hong Kong will need to obtain, prior to shipment, either a copy of a Hong Kong import license or a statement issued by the Hong Kong government that an import license is not required.