監管及合規

Hong Kong's Securities and Futures Commission ("SFC") warned on Tuesday, 5 September, it may regulate some fundraisings that are done through digital currencies as volumes of the so-called initial...
九月 2017
大家還記這樣的一個學校實驗嗎?同學們被要求設計一個雞蛋容器,然後將雞蛋放進這容器中,再從高處將這容器掉到地上,看看裡面的雞蛋會否碎裂。 2008年9月,美國政府接管了按揭貸款巨人房利美和房地美;美國銀行以500億美元代價收購美林;雷曼兄弟提出破產呈請;全球最大保險公司AIG接受850億美元的聯邦緊急救援;監管機構關閉了華盛頓互惠銀行。事件一波接一波地發生,最後導致環球金融危機爆發。...
八月 2017
內幕交易 — 第271(3)條的辯護:交易的目的不包括「利用有關消息」獲得利潤 — 第271(3)條的 「利用」不包含隱瞞或不披露有關消息的意思 第一答辯人(「R1」)是香港一間上市公司(「C」)的執行董事及財務董事,第二答辯人(「R2」)是C的公司秘書。C長期拖欠X一筆債項,是一間無力償債的公司。X在2002年10月至2006年4月,...
八月 2017
In late July, the Securities and Futures Commission (“SFC”) announced that it had entered into a supervisory memorandum of understanding (“MOU”) with the UK Financial Conduct Authority (“FCA”)....
八月 2017
Hong Kong's securities regulator has vowed to take action against private equity funds and discretionary accounts involved in "improper activities" amid increased market scrutiny by authorities...
八月 2017
On 11 July 2017, the Cyberspace Administration of China (“CAC”) circulated for public comment the Rules on the Protection of Critical Information Infrastructure Security (Draft for Comments...
八月 2017
Banking regulators will postpone their next meeting in another bid to agree on global capital rules, taking more time to try to overcome objections from European banks to minimum capital levels,...
八月 2017
市場失當行為審裁處(下稱「審裁處」)近期裁定,「中信股份」於2008年發出的「沒有重大不利變動」聲明,並沒有違反《證券及期貨條例》第277條所指的市場失當行為,原因是該項聲明不大可能會影響中信所發行的證券的市場價格,而該項聲明亦不存在重大的虛假或誤導成份。 「審裁處」的該項裁決令許多人感到訝異,因為當中信發出上述聲明時,其董事已知悉該公司在外匯衍生工具合約方面,正面對重大的按市價計值損失...
七月 2017
Global regulators warned on Wednesday, 5 July, of shortcomings in efforts to ensure that clearing houses can recover from a crisis without a meltdown in the financial system or a taxpayer bailout...
七月 2017
Bank Culture Reform The Hong Kong Monetary Authority (the “HKMA”) released a circular entitled “Bank Culture Reform” on 2 March 2017. The circular sets out a framework for establishing a sound...
七月 2017
Tencent Holdings' online publishing subsidiary has sought a waiver from Hong Kong listing rules to allow it to withhold shareholding information of some executives, drawing criticism...
七月 2017
Hong Kong's ever-closer relationship with mainland China may be good for business, but it poses growing corporate governance challenges for the former British colony, which this weekend marks 20...
七月 2017
The central banks of China and Hong Kong on Sunday, 2 July, said non-mainland investors can start trading Chinese corporate bonds in a trial beginning on Monday, confirming a calendar...
七月 2017
香港市場現正面對內地私營企業紛紛來港上市,以致有人在創業板「種殼」及創業板股價波動。監管機構已經採取措施處理這些問題,並引入問責制以加強保護市場和投資者。措施包括以下幾項。 1. 港交所與證監會的上市規則 2016年,證券及期貨事務監察委員會(「證監會」)與香港交易及結算所有限公司(「港交所」)發布《有關建議改善香港聯合交易所有限公司(「聯交所」)...
五月 2017
一名執行董事及多名非執行董事最近獲市場失當行為審裁處(「審裁處」)裁定,沒有散發虛假或具誤導性的資料,因而並無干犯市場失當行為;這項裁決與證監會的指稱不相符。 審裁處在日期為2016年12月29日的報告書中,報告審裁處個別地就每名指定人士得出的結論;審裁處裁定某指定人士負有疏忽或罔顧事實的罪責,不一定是因為該人已確實知悉有人欺詐。 背景 格林柯爾科技控股有限公司(「格林柯爾」)...
五月 2017
Hong Kong's securities and banking regulators have issued a joint consultation proposing certain carve-outs from requirements under the over-the-counter ("OTC") derivatives regulatory regime....
五月 2017
In a recent speech, Ashley Alder, chief executive of the Securities and Futures Commission ("SFC"), discussed how the regulator tackles market risks across its operations. He also described a...
五月 2017
Better access to licensing information held by Hong Kong's Securities and Futures Commission ("SFC") will make life easier for compliance and legal staff at the territory's banking and...
五月 2017
Asia's private banking sector is one main area where the Markets in Financial Instruments Directive ("MiFID II") will see the biggest impact, said consultants.  MiFID II is a EU...
五月 2017
Hong Kong's securities regulator said on 27 April it would take "a hard look" into pledging of shares for loans, such as in the case of China Huishan Dairy Holdings Co Ltd which last month saw a...
五月 2017