Hong Kong Wage Subsidy Update 6 – Application process for 2nd tranche of Employment Support Scheme (ESS) to start on 31 August 2020 until 13 September 2020

The Hong Kong Government has announced that the application process for the second tranche of the ESS will commence on 31 August 2020 until 13 September 2020.  The second tranche of the ESS is expected to be disbursed within three to four weeks after submission…Read More

First Hong Kong criminal conviction for actively marketing unlicensed regulated activities carried out overseas

Case background On 21 September 2017, the Securities and Futures Commission (“SFC”) issued a press release about its conviction against ETRADE Securities (Hong Kong) Limited (“ETrade HK”) for actively marketing to the Hong Kong public US brokerage services provided by E*TRADE Securities LLC (“ETrade US”)….Read More

Private Placement in Hong Kong

Background Hong Kong as an international financial hub has a robust private placement regime which provides a cost-effective means for companies, especially small and medium enterprises, to raise capital without having to resort to the time-consuming and expensive process of a public offering such as…Read More

Legal Update – HKMA Consultation Conclusions on Crypto-assets and Stablecoins

On 31 January 2023, the Hong Kong Monetary Authority (the “HKMA”) issued the consultation conclusions to its discussion paper published on 12 January 2022 (the “Consultation Conclusions”). The Consultation Conclusions provide critical insights into the shape of the HKMA plans for stablecoin regulation in Hong…Read More