在培训中，徐凯怡律师聚焦银行业监管的重点领域，深入剖析了员工激励机制、“纯执行Execution-only）”商业模式、营销推广等关键环节所涉及的合规要点。她以香港金融管理局（“金管局”）和证券及期货事务监察委员会（“证监会”）的相关监管文件为依据，结合生动的案例分析，深入浅出地讲解了银行在薪酬福利、投资产品销售等方面可能存在的合规风险与漏洞，并提出了切实可行的应对策略。

与会者积极参与互动练习和现场提问环节，气氛热烈。培训结束后，学员们表示受益匪浅，对徐律师的专业讲解和实用建议给予了高度评价。

如阁下有任何查询或想了解更多详情，请联络本所合伙人徐凯怡律师。

Against the backdrop of rapid AI adoption across industries, the article explores Hong Kong’s evolving approach to AI regulation, which remains fragmented and sector-specific. Different authorities – including the Securities and Futures Commission (SFC), the Hong Kong Monetary Authority (HKMA), and the Office of the Privacy Commissioner for Personal Data (PCPD) – each impose distinct regulatory obligations, creating a complex compliance environment for businesses operating across multiple sectors.

The chapter highlights high-risk AI applications in finance, healthcare, and legal services, where the potential for bias, data misuse, and consumer harm is particularly acute. Drawing from local regulatory guidance such as the SFC’s Circular on Generative AI and the HKMA’s High-Level Principles on AI, the authors provide a clear and practical framework for risk assessment, oversight, and compliance.

The article also introduces governance tools such as the “three lines of defence” model to help businesses align innovation with accountability, and examines data privacy issues, including the use of AI in processing sensitive personal data and the growing regulatory concern around unauthorised data scraping.

In the absence of a unified AI framework, the authors encourage businesses to take a proactive and tailored approach: identifying high-risk applications, engaging with sectoral regulators, and building strong internal controls for responsible AI use.

Read the full article here: Asia Business Law Journal

Please contact our Partner Heidi Chui for any inquiries or further information.

Stevenson, Wong & Co. acted as the Hong Kong legal adviser to Dominari Securities LLC and Revere Securities, LLC (the “Joint Underwriters”), the joint underwriters of MasterBeef Group (NASDAQ: MB) (“MasterBeef Group”) in the successful listing on the Nasdaq Capital Market on 10 April 2025 (the “Nasdaq Listing”). MasterBeef Group offered a total of 2,000,000 Ordinary Shares, priced at US$4.00 per share. The aggregate gross proceeds from the Offering was US$8 million.

MasterBeef Group is a full-service restaurant group in Hong Kong, specializing in Taiwanese hotpot and Taiwanese barbecue. MasterBeef Group, through its Hong Kong Operating Subsidiaries, operates 12 restaurant outlets under the Master Beef and Anping Grill brands.

Our Partners, Mr. Hank Lo and Mr. Gordon Tsang, and Associate Mr. Ben Chan and Mr. Peter Hon, acted as the Hong Kong legal counsel for the Joint Underwriters in the Nasdaq Listing and provided comprehensive Hong Kong legal services.

Please contact Mr. Hank Lo or Mr. Gordon Tsang for any enquiries or further information about this transaction.

Top Win, through its operating subsidiary in Hong Kong, Top Win International Trading Limited, is a wholesaler engaged in trading, distribution, and retail of luxury watches of international brands. As a purveyor of fine watches, it sources luxury products directly or indirectly from authorized dealers, distributors, and brand owners, located in Europe, Japan, Singapore, and other locations. These products are sold to customers, including independent watch dealers, watch distributors, and retail buyers within the watch industry.

Our Partners, Hank Lo and Gordon Tsang, together with Associate Gary Kwok, acted as the Hong Kong legal counsel for Top Win in the Nasdaq Listing.

For enquiries or further information about this transaction, please contact Hank Lo or Gordon Tsang.

The placing agents of the further issue include Harmonia Capital Limited, CNCB Capital, Donghai International, CMBC Capital, Huaan Securities (Hong Kong), ICBC International, Pulun International, Soochow Securities (Hong Kong), Target Securities, TF International and Zhongtai International.

Weifang Guokong is mainly responsible for the construction of infrastructure and promoting the strategic economic and social development in Weifang City. The group is mainly engaged in three principal business segments: infrastructure construction, road maintenance and commodities trading.

Our team comprised our partners Hank Lo, Erica Cheng or Gordon Tsang, senior associate Anthony Wong and trainee solicitor Selina Tsang.

Please contact Hank Lo, Erica Cheng or Gordon Tsang for any enquiries or further information about this transaction.

Nanshan Aluminium International and its subsidiaries (the “Group”) are a leading alumina manufacturer in Southeast Asia, committed to continually strengthening its market position in the region. Since its inception, the Group’s primary focus has been on tapping into Indonesia’s abundant bauxite and coal reserves, utilising these resources to fuel its operations. The Group’s strategic position within the Special Economic Zone amplifies its logistical and economic efficiencies, enables the Group to forge a highly efficient and technologically advanced alumina production base.

The listing of Nanshan Aluminium International constitutes a spin-off of the Group by its controlling shareholder, Shandong Nanshan Aluminium Co., Ltd., the shares of which are listed on the Shanghai Stock Exchange (600219.SH).

Nanshan Aluminium International has four cornerstone investors, Glencore International AG, Hongkong Topway Trading Co., Limited (a subsidiary of Xiamen Xiangyu Co., Ltd. (600057.SH)), Reijong International Industrial Equipment (HK) Limited and PT Indika Energy Tbk (INDY.IDX) which subscribed for a total of around 35.14 million offer shares amounted to approximately HK$934.63 million.

The sole sponsor of the listing was Huatai Financial Holdings (Hong Kong) Limited. The joint global coordinators were Huatai Financial Holdings (Hong Kong) Limited, CMB International Capital Limited, China Galaxy International Securities (Hong Kong) Co., Limited, China International Capital Corporation Hong Kong Securities Limited, CLSA Limited, Daiwa Capital Markets Hong Kong Limited, DBS Asia Capital Limited, ICBC International Securities Limited, and UOB Kay Hian (Hong Kong) Limited.

Our team was led by our partner Mr. Rodney Teoh, supported by team members including Mr. Davis Lam (senior associate), Ms. Angela Lau (associate), Mr. Austin Kot (associate) and Mr. Jay Lee (legal manager (corporate finance)).

Please contact our Mr. Rodney Teoh for any enquiries or further information.