Month: July 2025

The Future of Hong Kong’s Regulation on Digital Asset Dealing and Custodian Services

By JML

Hong Kong’s new digital asset regulation regime is poised to foster a safe and resilient ecosystem for market participants. Hong Kong strengthens its position as a global leader in digital finance through new regulations designed to ensure the secure and transparent management of digital assets. On June 27, 2025, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Securities and Futures Commission (SFC) launched a public consultation on the  introduction of  licensing regimes for digital asset dealing and custodian services. These proposals build on existing frameworks for virtual asset trading platforms (VATPs) and stablecoins, reflecting the finance hub’s  cautious yet forward-thinking approach to fostering innovation while prioritizing investor protection. For businesses, particularly small and medium enterprises (SMEs), these regulations present compliance challenges alongside opportunities to thrive in a trusted and developed market.

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Financial Services Regulatory Update 2025/07/25

By JML
  • The Stock Exchange of Hong Kong Limited Clarifies Directors’ Training and Other Responsibilities under Enhanced Corporate Governance Regime
  • Hong Kong Securities and Futures Commission Publishes Takeovers Bulletin Allowing Exclusion of Leased Assets Not Analogous to Ownership in Property from Rule 11.1(f) of the Takeovers Codes
  • Hong Kong Inland Revenue Department Issues Guidance on Transitional Taxation Treatments for Re-domiciled Companies under Hong Kong’s New Re-domiciliation Regime
  • Hong Kong Securities and Futures Commission Announces First Active ETF Cross-Listing, Underscoring Hong Kong’s Status as Premier Asset and Wealth Management Centre
  • Hong Kong Securities and Futures Commission Launches Public Consultation on Legislative Proposal to Regulate Dealing in Virtual Assets and Proposed Regimes for Virtual Asset Dealers and Custodians
  • Hong Kong Securities and Futures Commission Implements New Position Limits for Key Exchange-Traded Derivatives on Hang Seng Index, Hang Seng China Enterprises Index, and Hang Seng TECH Index
  • Hong Kong Regains Global IPO Top Spot in First Half of 2025, According to KPMG and PwC Reports
  • China Securities Regulatory Commission Imposes Total Fine of RMB 30.8 Million on Former Listed Companies for Financial Fraud, Holding Cooperating Parties Accountable for First Time
  • Hong Kong Accounting and Financial Reporting Council Publishes 2024-25 Annual Report, Outlining Initiatives on Regulation, Governance, Development, and Organizational Effectiveness
  • Hong Kong Accounting and Financial Reporting Council Reprimands Wu Kam Shing for CPA Misconduct and Imposes HK$200,000 Penalty Following Insider Dealing Determination
  • Hong Kong Eastern Magistrates’ Courts Sentence Market Manipulators to Community Service for Up to 240 Hours
  • Hong Kong Securities and Futures Commission Obtains Disqualification Orders of Up to 10 Years Against Former Directors of Superb Summit International Group Limited
FS_Regulatory_Update_JML 20250725

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Navigating Hong Kong’s Stablecoin Regulatory Framework

By JML

Stablecoins are digital assets pegged to fiat currencies or other stable benchmarks to maintain consistent value. Their rapid adoption has raised concerns over financial stability, consumer protection, and compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) obligations. Hong Kong has introduced a stablecoin regulatory framework to regulate issuers and operators. This framework requires licensing, full reserve backing, consumer protection measures, and addresses cross-border issues. It includes transitional arrangements for existing operators.

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How to Optimize International IP Licensing within an International Group of Companies

By JML

In a globalized business environment, intellectual property (IP) is one of the most valuable assets for multinational enterprises (MNEs). The ability to strategically license IP across borders allows companies to expand their market presence, generate revenue streams, and enhance operational efficiency. For companies that often operate at the forefront of international trade and investment, understanding how to effectively structure and manage international property licensing is essential. This article explores the key strategies and considerations for optimizing international property licensing within an international group of companies. It provides practical insights tailored for the international IP merchandising community, focusing on legal, financial, and operational aspects to foster the successful use of IP in a competitive global market.

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