The U.S. audit regulator, PCAOB, has extraterritorial oversight power over all accounting firms that audit U.S.-listed companies, including that of foreign accounting firms. This put it in conflict with foreign audit regulators due to sovereignty and conflict of law issues. Today China remains...

With the increasing globalization of the capital markets, there has been a heightened need for more effective regulatory cooperation between jurisdictions to facilitate detecting, investigating and prosecuting cross-border securities misconduct such as insider trading and market manipulation. A...

On 24 April 2018, after five years of consultation and deliberation, Hong Kong formally introduced new listing rules to allow the listing of companies with the dual class share structure, also known as weighted voting rights (“WVR”), under which a special class of shareholders' voting rights...

Mobile payment generally refers to transactions made through the applications of a portable electronic gadget without the transfer of cash. As one of the most disruptive technologies for finance, mobile payment has been rapidly transforming the traditional financial industry. While it brings...

Cryptoassets have emerged as a new category of financial products in recent years and have attracted a great deal of attention from market participants and regulators. While the characteristics of cryptoassets, such as anonymity and disintermediation in transactions, bring significant benefits,...

In July 2019, Hong Kong issued a comprehensive regulation on robo-advisors in the capital markets, with a view to striking a balance between investor protection and innovation promotion. This regulation has generated some noticeable positive impact on the market, but some problems remain to be...