Banking & Finance

As a leading global finance firm focused on law and the world’s largest publicly traded provider of litigation finance, it will come as no surprise that Burford Capital welcomes the Law Reform...
December 2016
Leading commercial law specialists and scholars from Asia and Europe gathered at City University of Hong Kong for a roundtable discussion on “Consumer Credit, Debt and Insolvency” organised by the...
November 2016
At the time of writing, Bank of China (Hong Kong) Ltd v Ho Chi Lui & Ors [2016] HKEC 1877, HCA No. 10239/1999 (note the year), is the latest reported case that applies the test for...
November 2016
In Chang Pui Yin & Ors v Bank of Singapore Ltd [2016] HKEC 1721, the latest investor claim against a bank in Hong Kong, the claimant investors succeeded in establishing that (as a...
October 2016
Allegations of “mis-selling” have been a familiar theme in the handful of investor disputes that have gone to trial in Hong Kong since the financial crisis*. In legal jargon these allegations centre...
August 2016
China's government has approved a sweeping plan to clean up the country's online financial sector, according to sources with direct knowledge of the matter, including rules to limit the activities of...
May 2016
Two senior European investment bankers told a European Commission hearing that tougher bank capital and liquidity rules were forcing banks to shrink and de-risk their balance sheets, and to deprive...
May 2016
China's central bank is studying ways of collecting and distributing data on how funds raised online are being used because of the risks posed, the director of its statistics department Sheng Song...
May 2016
Hong Kong's markets regulator has taken the first step to introduce rules that would force stock brokers to disclose the individual identities of investors making equities trades in the city, three...
May 2016
An advisory council to the Hong Kong government will unveil a series of recommendations to attract green finance investments to the city next week, the chairman of the council told Reuters. "Green...
May 2016
China's securities regulator said on Friday that it has drafted rules to strengthen oversight of fund companies' subsidiaries, a business that has grown to 9.84 trillion yuan ($1.50 trillion) and has...
May 2016
A number of financial institutions have started to move assets off their balance sheet using different accounting treatments in an attempt to reduce their leverage and avoid high capital charges,...
May 2016
In an interesting recent case, Pa Sam Nang v HSBC Ltd [2016] HKEC 573, HCA 1020/2015, the Court of First Instance refused to grant summary judgment in favour of a customer against a bank,...
May 2016
China's banking regulator has urged lenders not to pay out extraordinary dividends and to limit their local government debt exposure, two people with direct knowledge of the matter told Reuters on...
March 2016
On 21 January 2016, the People’s Bank of China (“PBOC”) issued a statement announcing its plan to launch its own digital currency (“Statement”). Although very little detail about its proposed digital...
March 2016
We wrote about this topic in our June 2015 Industry Insights (“Mis-selling Claims Update”). Those professional investors who have sought to recoup substantial losses as a result of alleged “mis-...
March 2016
Sun Hong and Qing Hua Song, Norton Rose On 2 June 2015, the People’s Bank of China (“PBOC”) released the Interim Administrative Rules on Large Denomination Certificates of Deposit...
August 2015
Alwyn Li, Partner, Deacons The Securities and Futures Commission ("SFC") together with the China Securities and Regulatory Commission ("CSRC") recently announced the details of...
July 2015
Trond Vagen, Regulatory Intelligence, Compliance Complete Fraudsters have been able to use stolen ID cards to set up accounts and launder money through Hong Kong banks, the territory's banking...
June 2015
Mike Allan, Registered Foreign Lawyer, Smyth & Co in association with RPC Thus far, there has not been a tsunami of “mis-selling” claims that have gone to trial in Hong Kong since the...
June 2015