United States Securities Law

China a closed book for regulator

The US Securities and Exchange Commission has accused Chinese regulators of blocking its attempts to stamp out a wave of accounting fraud by mainland companies listed on US stock exchanges.

Saturday, 7 May, 2011, 12:00am

A wake-up call for corporate China

If life is not as it used to be for former executives of Martha Stewart, Tyco and Worldcom, so China Life Insurance, too, is in deep trouble. China's biggest insurance company is facing a class-action lawsuit in New York for financial fraud.

2 Apr 2004 - 12:00am

Dealer representative suspended

The Securities and Futures Commission has suspended the registration of dealer representative Chiang Yuk-oi for six months for providing misleading information.

24 Jul 2002 - 12:00am

Securities Bill passes after 10-year debate

Legislators yesterday passed the landmark Securities and Futures Bill, ending 10 years of debate over one of Hong Kong's most controversial pieces of financial legislation.

The Bill replaces 10 securities and futures ordinances and brings Hong Kong into line with international practice.

14 Mar 2002 - 12:00am

Overhaul of securities law faces final hurdle in Legco

The Legislative Council is expected to pass the controversial Securities and Futures Bill on Wednesday, marking an end to the 10-year debate about securities law reform.

11 Mar 2002 - 12:00am


OUR STOCK EXCHANGE'S struggling Trivial Pursuits Board (GEM) is still trying valiantly to strike an elusive balance between proper regulation of securities and inducements to companies to list their securities.

3 Oct 2001 - 12:00am

GEM in rule change

Growth Enterprise Market listing rules covering final disclosure provisions and general disclosure obligations have been amended. An issuer must disclose significant commitment in non-core business if it has not been disclosed previously. A change in an issuer's financial condition which is likely to lead to substantial movement in the price of the listed securities must also be disclosed.

14 Sep 2001 - 12:00am

Fears over expanded SFC role prompt further bill changes

The Government will further amend the controversial Securities and Futures Bill to curb the expanded power of the securities watchdog under the proposed legislation, according to a government source.

The changes are aimed at easing worries by legislators that the bill would give the SFC too much power, the source said.

1 Jun 2001 - 12:00am

GEM tinkering exposes deep flaws

There are two fundamental flaws in the hasty decision over the weekend to relax the listing rules of the Growth Enterprise Market (GEM).

The first is the reasoning that it had to be done because GEM rules are more restrictive than those of competing stock markets elsewhere and this could hinder GEM's development.

14 Mar 2000 - 12:00am

Starlight reports 67pc growth

Starlight International Holdings is seeking to list its audio-visual product arm on Nasdaq in the United States after reporting 67.52 per cent growth in attributable profit to $48.65 million for the first six months to September 30. The group is in talks to inject the manufacturing arm into a Nasdaq company in exchange for a controlling interest in the company.

17 Dec 1999 - 12:00am

New exchange faces reduction in powers

The new exchange to be created through the merger of the stock and futures markets should have sharply reduced regulatory powers, according to a government report.

This is one of the key recommendations in the report to be discussed today with senior officials from the exchanges and government officials who make up the Co-ordinating Committee on Market Structure Reform.

14 Jun 1999 - 12:00am


Australian Securities and Investment Commission www.asc.gov.au Britain's Financial Services Authority www.fsa.gov.uk European Association of Securities Dealers www.easd.com Hong Kong Securities and Futures Commission www.hksfc.org.hk International Organ

16 May 1999 - 12:00am

Exchange may fight blackball finding

The stock exchange is likely to appeal against a landmark court ruling that its membership application system is unlawful, exchange sources said.

On Tuesday, a judge ruled that the Stock Exchange Council must give reasons why an application is refused and allow applicants a chance to address any concerns.

11 Feb 1999 - 12:00am

Risks increase as regulators battle to keep up with developments

REGULATORS are scrambling to keep up with stock-trading scams on the Internet, but it is an uphill battle and cross-border transactions receive no special scrutiny, says the Nasdaq Stock Market's chief regulator.

29 Nov 1998 - 12:00am

Council members reject Pearl Oriental challenge

Stock exchange council members have rejected Pearl Oriental Holdings' legal challenge to the exchange's application procedures.

Pearl Securities, an arm of property investor Pearl Oriental Holdings, this week declared the exchange's articles of association and membership rules 'unlawful, void and of no effect' and 'non-transparent, unfair and outdated'.

19 Jun 1998 - 12:00am