China: Corporate/Commercial Law

On October 31, 2024, the Securities and Futures Commission (SFC) of Hong Kong released its consultation conclusions on the proposed guidelines for market soundings (Consultation Conclusions). A final version of the Guidelines for Market Soundings (Guidelines) was gazetted the following day.

Lawyers for public companies across the world may not have expected this, but a recent UK appellate decision on an Antigua and Barbuda company greatly enhanced global shareholder rights.

Despite the replacement of the former CBIRC, the CSRC retained its position and gained an upgraded status, reflecting the importance attached to the regulation of securities and development of the capital markets through top-level regulation.