The International Comparative Legal Guide – Corporate Tax 2019 – Hong Kong
Vivien Teu & Co LLP is delighted to have contributed the Hong Kong chapter of The International Comparative Legal Guide: Vivien Teu & Co LLP_Hong Kong_Corporate Tax 2019. The Guide is published by Global Legal Group in association with William Watson of Slaughter and May, covering common issues in corporate tax laws and regulations – […]
New Hong Kong Regulatory Approach to Virtual Assets
The Hong Kong Securities & Futures Commission (SFC) today issued a statement and an accompanying circular setting out a new regulatory approach on virtual assets, referred to as a “digital representation of value” (encompassing “cryptocurrency”, “crypto-assets” or “digital token”). The statement outlines the SFC’s new measures to regulate investment or portfolio management or distribution of investment products that involve investing in […]
Hong Kong SFC increasing focus on Green Finance and ESG
At a recent luncheon with the Hong Kong Investment Funds Association, Ashley Alder, Chief Executive Officer of the Securities and Futures Commission (SFC), gave an update on the SFC’s strategy for the Hong Kong asset management industry. Besides reflecting on where things are on the key initiatives of the SFC in recent years – namely […]
Hong Kong Open-ended Fund Company Comes into Effect
Pursuant to the Gazette published on 27 July 2018, the Securities and Futures (Amendment) Ordinance 2016 enacted to amend the Securities and Futures Ordinance (SFO) comes into effect on 30 July 2018, along with subsidiary legislations[1] issued in May 2018 including the Securities and Futures (Open-ended Fund Companies) Rules (OFC Rules), and also the non-statutory […]
Rapid Expansion to Foreign Participation in China Financial Sectors
Since China became a member of the World Trade Organisation in December 2001 and began developing links to the world economy, the liberalisation of the China financial sectors has been key, as well as the orderly relaxation of foreign exchange and capital controls. While the opening up of banking industry, securities companies, fund management company […]
香港公司备存重要控制人登记册
《2018 年公司（修订）条例》（以下称《修订条例》） 将于 2018 年 3 月 1 日起生效。在新规定下所有香港公司须以中文或英文备存重要控制人登记册，以供执法人员在提出要求后查阅。公司注册处为此发出《公司备存重要控制人登记册指引》（以下称《指引》），就重要控制人登记册新规定(以下称《新规定》) 提供其运作的详细指引。 所有在香港成立及注册之公司(除在香港交易所上市的公司外) 均须备存重要控制人登记册, 而该登记册须包含以下资料：(i) 公司重要控制人的所需详情，及(ii)公司指定代表的名字及联系方式。并非在香港成立的公司（包括根据香港法例第622章 《公司条例》在香港注册的非香港公司）无需备存重要控制人登记册。 本最新法律资料旨在介绍一些关键新规定及列出香港公司需采取的一些关键行动(指引刊载了更详尽的运作细节)：
Significant Controllers Register
The Companies (Amendments) Ordinance 2018 will enter into force as of 1 March 2018, under which companies in Hong Kong are required to keep and maintain a significant controllers register (“SCR”), either in English or Chinese, for inspection by competent authorities upon demand. The Companies Registry has published a “Guideline on the Keeping of Significant […]
Revised GEM & Main Board Listing Rules effective 15 February 2018
The conclusions of the consultation (the “Consultation Conclusions”) on review of the position of the Growth Enterprise Market (“GEM”) and changes to the GEM and Main Board Listing Rules (collectively, the “Listing Rules”) was published on 15 December 2017. Having considered the views of respondents, The Stock Exchange of Hong Kong decided to adopt substantially […]
Way Forward for Hong Kong Listing Regime Changes
Hong Kong Exchanges and Clearing Limited (HKEX) and The Stock Exchange of Hong Kong Limited (the Exchange) on Friday, 15 December 2017, announced the conclusions to the New Board Concept Paper (Concept Paper) published on 16 June 2017. On the same day, the consultation conclusions on the Consultation Paper on the Review of the Growth […]
Hong Kong to introduce Investor ID model for Stock Connect Northbound trades
On 30 November 2017 the Hong Kong Securities and Futures Commission (“SFC”) announced that an agreement has been reached with China Securities Regulatory Commission (“CSRC”) on proposals to introduce an investor identification model for Northbound trading under the Mainland – Hong Kong Stock Connect[1] (“Investor ID Model”). Hong Kong Exchange and Clearing Limited (“HKEX”) also […]