Reuters Beijing recently interviewed our Partner Mr. Gordon Tsang regarding his views on China concept stocks turning to Hong Kong for listing. Mr. Tsang pointed out that the strengthening control of the US stock market and the proactive reform of the Hong Kong Stock Exchange (HKEX), including the new listing regime for special purpose acquisition companies (SPAC), will reinforce the return of China concept stocks.

Background

On 10 December 2021, The Stock Exchange of Hong Kong Limited (the “Exchange”) published its consultation conclusions (the “Consultation Conclusions”) as to its review of the Corporate Governance Code (the “CG Code”) and the related Rules Governing the Listing of Securities on the Exchange (the “Listing Rules”). The Exchange has received positive feedbacks from the public on its proposals outlined in its “Consultation Paper on Review of Corporate Governance Code and Related Listing Rules” (the “Consultation Paper”) on 16 April 2021.

The requirements under the new CG Code will be applicable to CG reports for financial year commencing on or after 1 January 2022 with certain exceptions as explained below.  The Exchange will also publish a new set of guidance (the “CG Guidance”) to facilitate issuers’ compliance with the corporate governance requirements.  The capitalised terms used herein shall have the same meaning as defined in the Consultation Conclusions and Consultation Paper.

The new CG Code and amended Listing Rules will become effective from 1 January 2022.

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On 16 Dec 2021, our Partner, Mr. Gordon Tsang, was invited by Roma Group Limited to provide Environmental Social Governance (ESG) and Anti-corruption Training, together with AllBright Law Offices, to the directors and staff of listed companies. The webinar covered the latest disclosure requirements of ESG Reporting Guide and successfully attracted representatives from more than 60 listed companies.

From the left: Mr. Billy Yong, Senior Partner of AllBright Law Offices, Mr. Kingsley Cheng, Consultant of Roma Group, and our Partner, Mr. Gordon Tsang

On 2 December 2021, our firm’s Partners and Heads SW Private Client Department, Ms. Catherine Por and Ms. Wendy Lam, and Partner Mr. Calvin Lo, were invited by HSBC Global Private Banking to attend the Trust and Wealth Planning Christmas Cocktail Reception at HSBC Main Building in Central.

On 10 December 2021, our Partner Mr. Calvin Lo was a guest speaker for a webinar titled “Exploring Foreign Marriage and Family Affairs Under Civil Law” organised by the Qingdao Lawyers Association’s Marriage, Family and Legacy Planning Committee. The webinar discussed the legal issues of cross-border marriage. Mr. Lo explained the restrictions on the enforcement of cross-border family judgements, and “Arrangement on Reciprocal Recognition and Enforcement of Civil Judgments in Matrimonial and Family Cases by the Courts of the Mainland and of the HKSAR” and “The Mainland Judgments in Matrimonial and Family Cases (Reciprocal Recognition and Enforcement) Ordinance (Cap. 639)”.

Our Partner Mr. Calvin Lo