7 May 2024

Stevenson, Wong & Co. acted for the placing agents in the successful issuance of CNY484 million 3.35% credit enhanced bonds due 2027 with the benefit of an irrevocable standby letter of credit by Renshou Urban Investment Group Co., Ltd.

Stevenson, Wong & Co. acted for the placing agents in the successful issuance of CNY484 million 3.35% credit enhanced bonds due 2027 with the benefit of an irrevocable standby letter of credit by Renshou Urban Investment Group Co., Ltd. (the “Issuer”).

22 Apr 2024

THE SECURITIES AND FUTURES COMMISSION PUBLISHED CIRCULAR ON SFC-AUTHORISED FUNDS WITH EXPOSURE TO VIRTUAL ASSETS

On 22 December 2023, the Securities and Futures Commission (the “SFC”) published a Circular on SFC-authorised funds with exposure to virtual assets (the “Circular”) to set out the requirements that the SFC would consider in authorising investment funds with exposure to virtual assets (“VA”) of more than 10% of their net asset value (“NAV”) for public offerings in Hong Kong. This Circular supersedes the circular on VA futures exchange traded funds (“ETFs”) issued on 31 October 2022.