Shanghai Fudan Microelectronics Group Company Limited (Stock Code: 1385.HK) (“Shanghai Fudan” or “Company”) successfully placed 42,000,000 new H Shares on 16 October 2017, raising net proceeds of approximately HK$218.4 million. SW acted as the Hong Kong legal advisors, providing comprehensive legal advice on the H Share placing.
The Asia Pacific Diploma in International Arbitration was successfully held in Hong Kong from 21 – 29 October 2017, conducted by The Chartered Institute of Arbitrators of East Asia (CIArb), Australia and Singapore. Stevenson, Wong & Co. was honoured to sponsor the course which was well received and drew nearly 40 participants. After the course, both participants and the organizer expressed their delight that the course was held in our new office.
On 27 October 2017, SW Partner and Head of Banking and Finance Department Mr. Eric Lui attended the “AllBright Asset Management Forum” in Xiamen. The Forum was hosted by AllBright Law Office and co-organized by Allbright Xiamen office, AllBright Fuzhou office and AllBright Financial Committee. The Forum was well received and drew more than a hundred attendees.
Stevenson, Wong & Co. legal executive, Mr. Man Wong from our Banking Department was invited to attend CCBA Wine & Dine Festival Garden Party on 26 October 2017 at Central Harbourfront Event Space.
Introduction
Financial technology, better known as Fintech, is making headlines around the world, especially with technologically conscious Chinese customers and businesses. Recently, regulators in Hong Kong have announced sandbox and other related initiatives aimed at Fintech firms. In general, the sandbox initiatives involve offering a more controlled regulatory regime for participating firms on the condition of having more clarity on the timing, scope and volume of services it can offer, making appropriate safeguards for customers, and accepting more supervision from the relevant regulators.
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