Keywords: disclosure, revised guidance, CIS applications

This quarterly update (October to December 2014) highlights recent developments in Hong Kong capital markets practices:


  • Revised guidance – accounting and disclosure requirements - acquisitions of subsidiaries and businesses – stub period comparatives
  • Voluntary inclusion of unaudited financial information of the companies acquired after the track record period – allowed


  • Revised guidance – confirmations required on the accountants' report, pro forma financial information and profit forecast in Application Proofs
  • Placing of shares by lead brokers – to connected clients holding on behalf of independent third parties – consent requirements
  • CIS applications – guidance on documentary requirements and administrative matters

Get the Full Issue of the Capital Markets Quarterly Update (October to December 2014).

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This article provides information and comments on legal issues and developments of interest. The foregoing is not a comprehensive treatment of the subject matter covered and is not intended to provide legal advice. Readers should seek specific legal advice before taking any action with respect to the matters discussed herein. Please also read the JSM legal publications Disclaimer.