28 Jul 2023

THE HONG KONG STOCK EXCHANGE PUBLISHED THE CONSULTATION CONCLUSIONS ON RULE AMENDMENTS FOLLOWING MAINLAND CHINA REGULATION UPDATES AND OTHER PROPOSED RULE AMENDMENTS RELATING TO PRC ISSUERS

Introduction
On 21 July 2023, The Stock Exchange of Hong Kong Limited (the “Exchange”) published the consultation conclusions (the “Conclusions”) on rule amendments following Mainland China regulation updates and other proposed rule amendments relating to the People’s Republic of China (the “PRC”) issuers. The Conclusions were issued in response to the consultation paper published by the Exchange on 24 February 2023 (see our news update on the consultation paper).

21 Jul 2023

Partner Heidi Chui Appointed as Specially Invited Mediator by the High People’s Court of Guangdong Province at Guangdong Province’s Foreign-Related Legal Construction Work Conference

On 19 July 2023, our Partner and Head of the Dispute Resolution department, Ms Heidi Chui, was invited to attend the “Guangdong Province Foreign-related Legal Construction Work Conference and Forum on High-quality Development of Foreign-related Judicial Work (“the conference”)”. At the conference, Ms Chui was appointed as a Specially Invited Mediator from Hong Kong and Macao by the High People’s Court of Guangdong Province.

12 Jul 2023

THE HONG KONG STOCK EXCHANGE PUBLISHED THE CONSULTATION CONCLUSIONS ON EXPANDING PAPERLESS LISTING REGIME

Introduction

On 30 June 2023, The Stock Exchange of Hong Kong Limited (the “Exchange”) published the consultation conclusions (the “Conclusions”) on expanding the paperless listing regime and other rule amendments. The Conclusions were issued in response to the consultation paper (the “Consultation Paper”) published by the Exchange on 16 December 2022 (see our news update on the Consultation Paper).

7 Jul 2023

Stevenson, Wong & Co. advises Revere Securities LLC on the successful listing of Prestige Wealth Inc. (NASDAQ: PWM) on the Nasdaq Capital Market

Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Revere Securities LLC (“Revere Securities”), the underwriter of Prestige Wealth Inc. (NASDAQ: PWM) (“Prestige Wealth”) in its successful listing on the Nasdaq Capital Market on 6 July 2023 (the “Nasdaq Listing”). Prestige Wealth offered a total of 1,000,000 Ordinary Shares, priced at US$5.00 per share. The aggregate gross proceeds from the Offering was US$5 million.