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Capital Markets Quarterly Update (April to June 2013)

9 October 2013
Mayer Brown Newsletter

This quarterly update (April to June 2013) highlights recent developments in Hong Kong capital markets practices:

Procedures And Waivers

  • Waiver – company secretary who does not possess the relevant professional qualifications – granted
  • Waiver – assured entitlement requirement – granted
  • Procedures to follow – liquidity arrangements for overseas listed issuers seeking to list by way of introduction
  • Waiver – requirement to include consolidated results for each of the three financial years – granted

Disclosure Requirements and Guidance

  • Simplification series – the "Risk Factors" section in listing documents
  • Simplification series – the "Summary and Highlights" section in listing documents
  • Disclosure in listing documents – unaudited net profits after track record period – amounting to profit forecast/estimate

Listing Suitability and Other Listing Decisions

  • Labuan Malaysia – acceptable jurisdiction
  • Accumulative effect of non-compliances – resulting in unsuitability for listing
  • Mining companies – no clear path to commercial production shown in listing application – minimum profits requirement not satisfied – factors to consider


  • Jeckle Chiu
    T +852 2843 2245

Related People

  • Billy K. M. Au
    T +852 2843 2254
  • Jacqueline S. T. Chiu
    T +852 2843 2447
  • Jason T. Elder
    Partner, Registered Foreign Consultant (New York, USA)
    T +852 2843 2394
  • Mark Uhrynuk
    T +852 2843 4307
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