Under the listing rules of Hong Kong stock exchange (HKEx), companies with a financial year-end of 31 December are required to disclose their annual results by 31 March of the following year or risk suspension. Recent HKEx data showed that more than 60 companies missed this deadline, leading to trading suspensions on the first trading […]
Litigation Support in Defense: Expert Witnesses in Corporate Litigation
When facing accusations of white-collar crime, the actions you take early on will improve your chances of success. Do you know your first move? Whom should you consult? What type of team should you assemble? Remember, the ultimate goal is to be acquitted of all charges and ensure your rights and reputation are preserved. The […]
Effective Fundraising and M&A: What Every Business Needs to Know
The world of fundraising and M&A is often clouded by myths that can obscure the truth and hinder success. Here’s a straightforward take on these critical business endeavors. Myth #1: Every Business Structure And Financial Instrument Is Suited For Fundraising The notion that every business structure and financial instrument is universally suited for fundraising is […]
What Happened to Binance?
An Unprecedented Settlement In a landmark decision, Binance CEO Changpeng Zhao, also known as CZ, stepped down and pleaded guilty to violating US anti-money laundering laws. The resulting US$4.3 billion settlement, of which CZ will have to pay US$50 million personally, signifies one of the largest corporate penalties in US history, casting a long shadow […]
The Offloading of Chinese Stocks by Foreign Investors: Challenges and Implications for CFOs
Over the last decade, China’s impressive economic surge led to a proliferation of Chinese securities in foreign portfolios. However, recent shifts in the economic landscape have sparked skepticism regarding the world’s second-largest economy. For CFOs of companies with significant operations in China, these changes carry significant implications. Changing Economic Structure and Impact on Business Operations […]
Revolutionizing Market Analysis: The Potential of AI in Detecting Market Manipulation and Price Rigging
In an era where AIs potential seems limitless, we find ourselves aligning Elon Musks prediction of AI dominance – a future where AIs ability could make certain human roles obsolete. However, in our view, rather than making human roles obsolete, we foresee a future where AI complements and enhances human expertise. In this article, we […]
The Future of AI-Driven Advisory Services: PwC, OpenAI, and Harvey’s AI Alliance
On 17 October 2023, PwC announced to ally with OpenAI and Harvey, leveraging OpenAI’s advanced foundation models, Harvey’s expertise in domain-specific models, to create advanced solutions in tax, legal and human resources, such as carrying out due diligence on companies, identifying compliance issues and even recommending whether to authorize business deals. This collaboration signals PwC’s […]
An Analysis of Director’s Duties to Avoid Conflicts of Interest: A Perspective on HKEX’s Guidelines
The Hong Kong Exchanges and Clearing Limited (HKEX) has recently issued an Enforcement Bulletin, focusing on directors’ duties towards conflicts. It discusses various cases to illustrate potential pitfalls directors might encounter and provides practical tips and best practices on conflict management. The report concludes with a summary of enforcement cases from the first half of […]
Understanding Price Sensitive Information (PSI) and its Implications
What is PSI? Price Sensitive Information (PSI), also referred to as “inside information” under Part XIVA of the Securities and Futures Ordinance (SFO), is a legal concept that came into effect on 1st January 2013. “Insider information”, is defined by section 245(1) of the SFO as “specific information” that: (a) is about i. the corporation; […]
Hong Kong’s First Real Estate Fund Security Token Offering: Potential and Challenges for Professional Investors
Tykhe Capital Group has launched Prince Token, marking Hong Kong’s first real estate fund security token offering (“STO”). This STO, the first to be allowed by the Securities and Futures Commission (“SFC”) of Hong Kong, presents a new way for investors to enter the real estate market.. The funds raised through the Prince Token STO […]