Banking & Finance

China's banking regulator has urged lenders not to pay out extraordinary dividends and to limit their local government debt exposure, two people with direct knowledge of the matter told Reuters on...
March 2016
On 21 January 2016, the People’s Bank of China (“PBOC”) issued a statement announcing its plan to launch its own digital currency (“Statement”). Although very little detail about its proposed digital...
March 2016
We wrote about this topic in our June 2015 Industry Insights (“Mis-selling Claims Update”). Those professional investors who have sought to recoup substantial losses as a result of alleged “mis-...
March 2016
Sun Hong and Qing Hua Song, Norton Rose On 2 June 2015, the People’s Bank of China (“PBOC”) released the Interim Administrative Rules on Large Denomination Certificates of Deposit...
August 2015
Alwyn Li, Partner, Deacons The Securities and Futures Commission ("SFC") together with the China Securities and Regulatory Commission ("CSRC") recently announced the details of...
July 2015
Trond Vagen, Regulatory Intelligence, Compliance Complete Fraudsters have been able to use stolen ID cards to set up accounts and launder money through Hong Kong banks, the territory's banking...
June 2015
Mike Allan, Registered Foreign Lawyer, Smyth & Co in association with RPC Thus far, there has not been a tsunami of “mis-selling” claims that have gone to trial in Hong Kong since the...
June 2015
Robert Rhoda of Smyth...
May 2015
Niall Coburn, Compliance Complete Jurisdictions are adjusting regulatory regimes to accommodate crowdfunding because it is perceived as a positive avenue for startups and small to medium enterprises...
February 2015
Anne-Marie Godfrey, Partner, Gregory D. Puff & Co. (in association with Akin Gump Strauss Hauer & Feld LLP) Summary The Securities and Futures Commission (“SFC”) issued a consultation...
December 2014
Warren Ganesh, Senior Consultant, Smyth & Co in association with RPC The Securities and Futures Commission (the “SFC”) Consultation Conclusions (September 2014) on the professional...
November 2014
Written by Jonathan Cary, Partner, Smyth & Co in association with RPC “Dark pools” (alternative share trading platforms or “liquidity pools”) have been much in the news of...
August 2014
Written by Reuters Hong Kong moved one step closer to implementing the G20 post-crisis reform agenda in mid-July with the publication of a long-awaited consultation on the treatment of derivatives...
August 2014
Where no undue influence, no constructive notice of impropriety on bank In 1997, the plaintiff bank (“P”) approved further facilities to the borrower, secured by a legal charge (the “Charge”) over...
March 2014
This is not a euphemism for a party's reluctant approach to discovery. Rather, it is an observation by the Singapore Court of Appeal in its judgment in Deutsche Bank AG v Chang Tse Wen [2013] SGCA 49...
February 2014
So might be said when on 12 December 2013 the High Court made restoration orders in the sum of HK$23.9 million against a defendant previously convicted of insider dealing in September 2009. The...
February 2014
Investor claims arising from the last financial crisis are slowly working their way through the courts. Hong Kong recently saw four first-instance decisions (Kwok v HSBC [2012] HKCFI 964, DBS v San...
February 2014
A follow-up to an earlier article in this journal – which might have prompted an amendment to the Listing Rules - the authors here uncover more on what listing entities need to know about the new...
January 2014
Great City Enterprises Ltd v UBS AG [2013] HKEC 1898 demonstrates the difficulties associated with suing banks in Hong Kong. In short, the plaintiff (a BVI investment vehicle for two wealthy...
December 2013
Since the beginning of the last quarter of 2010, more than 50 China-based, US-listed companies have announced an intention to go-private. The authors peer into the reasons for this and tell us why...
December 2013