Corporate services publications

HKEX green-lights the listing of pre-revenue Biotech companies and companies with weighted voting rights structure

HKEX published New Board Concept Paper Consultation Conclusions on 15 December 2017, and has decided to abandon its earlier plan of setting up a New Board. It will indeed facilitate the listing of the new economy companies through two new chapters in the Main Board Listing Rules for (a) pre-revenue Biotech companies; and (b) innovative and high growth companies with Weighted Voting Rights structure.

Consultation conclusions on legislative proposals to enhance anti-money laundering and counter-terrorist financing regulation in HK

Consultation conclusions have been published by the Financial Services and The Treasury Bureau on their two consultation exercises launched earlier this year to seek views from the stakeholders on a legislative proposal to amend the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Cap.615) and from members of the public on legislative proposal to amend the Companies Ordinance (Cap.622).