Hong Kong: Technology

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Securities And Futures Commission’s First Ransomware-related Enforcement Action Signals Tougher Cybersecurity Stance
Hong Kong's Securities and Futures Commission has imposed a HKD2.1 million fine on Luk Fook Securities following a ransomware attack that crippled its trading systems for over two weeks. The enforcement action reveals systemic cybersecurity failures across network protection, access controls, and business continuity planning, marking a significant shift from regulatory guidance to direct financial penalties for cyber control deficiencies.
Hong Kong Strategy
AO
A&O Shearman
Article
A Further Shake-Up of the Hong Kong Mobile Phone Market?
On 19 March 2004 the Telecommunications Authority ("TA") in Hong Kong released its second consultation paper on second generation mobile service licences ("Second ConsultationPaper") sparking further controversy. The first consultation paper relating to licensing of mobile services on expiry of existing 2G licenses ("First Consultation Paper") was issued by the TA on 1 August 2003, and 23 submissions were received by the end of the consultation period, 2 October 2003.
Hong Kong Strategy
L
Lovells
Article
OFTA Issues Consultation Paper On The Creation Of A Class Licence For The Provision Of Public Wireless Local Area Network Services, and Announces a Proposed Exemption From Licensing for "Private" Telecommunications
On 2 August 2002, the Office of the Telecommunications Authority ("OFTA") issued a Consultation Paper inviting public views regarding the creation of a Class Licence for the provision of wireless Local Area Networks ("LANs") to the public in Hong Kong.
Hong Kong Strategy
MB
Mayer Brown
Article
Changes to the Registration System of Technology Transfer Contracts in China
In the past, all technology transfer contracts had to be registered before they were legally enforceable in the PRC. However, according to the new regulations on technology import and export which came into effect on 1 January, 2002, a new category of technology, the import or export of which does not require the approval of the Ministry of Foreign Trade and Economic Co-operation ("MOFTEC"), was created.
Hong Kong Strategy
MB
Mayer Brown
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