Hong Kong Budget 2021: Green Finance, Financial Services & Investment Funds Market Outlook
On 24 February 2021, the Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-po, delivered the 2021/22 budget speech (Budget). In his speech, the Financial Secretary emphasised that Hong Kong has always been an offshore financing centre for Mainland enterprises and an important conduit for international capital to enter the Mainland […]
Response to SFC Consultation on Climate-related Risks
Under the “Consultation Paper on the Management and Disclosure of Climate-related Risks by Fund Managers” issued at the end of October 2020, Hong Kong Securities and Futures Commission (SFC) has proposed to introduce specific regulatory requirements on Hong Kong licensed fund managers to take into account climate-related risks in investment and risk management processes, make […]
《商法》2020年法律精英
Vivien Teu 张慧雯律师 – 《商法》2020年 “法律精英“ 100（外所律师） 本所荣幸以管理合伙人张慧雯律师获评《商法》2020年 “法律精英“ 中国业务 100位外所优秀律师之一的消息迎接2021新年。 “经过广泛的调研，《商法》编辑部选出了200位中国相关业务的优秀律师（包括100位来自中国律所的律师以及100位来自外国律所的律师）。 “法律精英”名册上的律师是《商法》月刊根据广泛调查研究评选而来的。为了评选出在中国市场表现出色的私人执业律师，我们向中国和全球上千名法务顾问及众多中外顶尖律师事务所的合伙人发出了调查邀请，听取业界的声音，助我们做出甄选。 我们从大量中外企业、律师事务所和其他机构的专业人士收到了提名。最终的获奖名单基于了我们收到的提名，并结合《商法》编辑团队多年来观察和分析中国法律市场的集体经验。“ 查看100位中国律所优秀律师，100位外资律所优秀律师
2020 A-List Elite-100 lawyers China practice
China Business Law Journal A-List China Elite-100 (foreign lawyer) We are delighted to start the 2021 work year with the news that our Managing Partner Vivien Teu is named in the A-List China Elite 100 lawyers (foreign firm) 2020, based on extensive research conducted by the China Business Law Journal, with input from thousands of in-house […]
Hong Kong SFC proposes enhancements to competency framework of intermediaries and market practitioners
The Securities and Futures Commission (SFC) has launched a consultation on “Proposed Enhancements to the Competency Framework for Intermediaries and Individual Practitioners” on 11 December 2020 (Consultation Paper). The consultation is open for comments for two months. Public comments are required to be submitted to SFC no later than 10 February 2021. The following key […]
Stewardship & Principles of Responsible Ownership
Stewardship is about the exercise of shareholders or investors rights, and on investment managers or asset owners as institutional investors as stewards of capital, and that it is part of fiduciary duty to vote as investors or engage with investee companies with a view to generating value or return from investments to clients or beneficiaries. […]
SFC Consultation on proposed requirements on fund managers to manage and disclose climate-related risks
As global regulatory focus intensifies on climate risks, Hong Kong Securities and Futures Commission (SFC) is proposing specific regulatory requirements on Hong Kong licensed fund managers to take into account climate-related risks in investment and risk management processes, and make appropriate disclosures to investors on climate-related risks, combat greenwashing. Under the “Consultation Paper on the […]
China integrates and further liberalizes QFII/RQFII schemes
On 25 September 2020, China Securities Regulatory Commission (CSRC), People’s Bank of China (PBOC) and State Administration of Foreign Exchange (SAFE) released the Measures for the Administration of Domestic Securities and Futures Investment by Qualified Foreign Institutional Investors and RMB Qualified Foreign Institutional Investors (the Measures) as a measure of further opening-up of China’s capital […]
Enhancement to Hong Kong’s Open-ended Fund Company Structure
On 20 December 2019, Hong Kong’s Securities and Futures Commission (SFC) issued a consultation paper on proposed enhancements to the open-ended fund company (OFC) regime (Consultation Paper). On 2 September 2020, the SFC released its consultation conclusions with proposed amendments to the Code on Open-ended Fund Companies (OFC Code) to implement the enhancements to the […]
Opportunities in an Uncertain Time – Hong Kong Private Wealth Trends & Development
Against the backdrop of the year 2020 which has brought unprecedented change and challenges in an uncertain world, in our contribution to the Chambers & Partners Global Practice Guide on Private Wealth 2020, our Founder & Managing Partner Vivien Teu penned her observations and thoughts, with an overview on the current complex and dynamic time […]