[Hong
Kong] MoU on Cross-boundary Wealth Management Connect
SFC News, 5 Feb 2021
The SFC announced that it has entered into a
Memorandum of Understanding (MoU) on the Cross-boundary
Wealth Management Connect Pilot Scheme in Guangdong-Hong Kong-Macao Greater Bay
Area with the People’s Bank of China, the China
Banking and Insurance Regulatory Commission, the China Securities Regulatory
Commission, the State Administration of Foreign Exchange, the Hong Kong
Monetary Authority and the Monetary Authority of Macao. The MoU aims to
provide a framework for exchange of supervisory information and enforcement
cooperation as well as a liaison mechanism for investor protection issues among
the regulatory authorities in the three jurisdictions. It covers areas
including supervisory information exchange, enforcement cooperation, investor protection, and liaison and consultation mechanism.
Full text: click here;
MOU: click here
[Mainland China] China
outlines monopolistic behavior, in rules to rein in tech
The Standard, 8 Feb 2021
The State Administration for Market
Regulation released new anti-monopoly guidelines on Sunday that target internet
platforms, tightening existing restrictions faced by the country’s tech companies.
The notice also said it will stop companies from price fixing, restricting
technologies and using data and algorithms to manipulate the market.
Full text: click here
[Hong Kong] SFC consults on conduct requirements for bookbuilding and placing activities
SFC News, 8 Feb 2021
The SFC launched a consultation on conduct
requirements for capital market transactions in Hong Kong. The proposed
requirements would help clarify the roles played by intermediaries in equity
and debt capital raisings and set out the standards of conduct expected of them
in bookbuilding, pricing, allocation and placing activities. The proposed Code
also require that syndicate memberships and fees arrangements should be
determined at an earlier stage.
Full text: click here; Consultation: click here
