Industry Insights

Given its importance, the topic of the SFC’s new “suitability clause” (to be incorporated into financial intermediaries’ client agreements) has featured in several previous editions of this journal...
December 2016
The Uber world did a double turn on 28 October when a UK employment tribunal decided that Uber drivers are workers and not independent contractors, stating in its often times faintly mocking judgment...
December 2016
The PRC Cybersecurity Law will come into force on 1 June 2017, and has significant implications for the data privacy and cybersecurity practices of both Chinese companies and international...
December 2016
On 27 September 2016, the State Administration for Industry and Commerce (“SAIC”) circulated for public comment the Announcement of the State Administration for Industry and Commerce on...
December 2016
Just like some yellow buses in Central, after a period of quiet, publicly reported cases dealing with applications by overseas counsel for ad hoc admission in Hong Kong sometimes come along...
December 2016
On 19 September 2016, the Supreme People’s Court (“SPC”) issued the Measures of the Supreme People’s Court for the Establishment and Management of the Database of Online Service Providers 2016, which...
December 2016
As an attempt to cool off residential property market, the Hong Kong Government, on 4 November 2016, announced that the Stamp Duty Ordinance would be amended to increase the ad valorem ...
December 2016
“Ladies’ Night” was the title of a hit song in 1979 by Kool & the Gang. The purported practice of “Ladies’ Night” provides some of the background to the recent case of Yiu...
December 2016
Hong Kong's securities regulator has warned all licensed corporations in the territory to be prepared for the implementation next year of a new tax ordinance which will facilitate the automatic...
November 2016
Firms could improve their operational efficiency by adopting distributed ledger technology ("DLT") – also known as blockchain – but the technology also poses the risk of money laundering abuse and...
November 2016
Financial services firms are increasingly turning to digital technology to meet onerous regulatory demands aimed at fighting financial fraud, creating a niche tech market that is estimated to grow to...
November 2016
Firms should always assume that they have been the victims of cyber crime and that their systems have been hacked, a Hong Kong police official said. Dicky Wong, a Royal Hong ...
November 2016
The new requirement to post variation margin for non-centrally cleared derivatives is expected to present significant challenges to financial institutions, particularly the sell side, which may lack...
November 2016
Hong Kong's securities regulator could speed up the handling of enforcement cases by improving the way it obtains legal advice, a report has found.  The report recommended that the...
November 2016
The Hong Kong Securities and Futures Commission ("SFC") has changed its focus and reshuffled resources to concentrate on high-priority cases, said Tom Atkinson, executive director of...
November 2016
The chief of one of Asia's most prominent financial trade bodies on Tuesday, 8 November, said new cyber security rules in China could make it harder for foreign companies operating in the...
November 2016
Hong Kong banks need more support from the government to reduce their exposure to sanctioned North Korean entities via the Chinese firms they work with, a United Nations sanctions expert...
November 2016
As the Chinese economy transitions from its traditional exporting base, we are beginning to see a rapid change towards much greater Chinese outbound investment. This trend is underpinned by...
November 2016
In HKSAR v Wan Thomas & Ors (HCMA 700/2013), the first defendant had set up a company to “assist the family and friends of persons in custody so that mutual communication can be...
November 2016
When it comes to theme parks, the old adage of “if you build it they will come” might apply initially, but for how long? That will depend on numerous factors. The story we hear regularly from global...
November 2016