Hong Kong’s Paperless Prospectus Law

5 Pages Posted: 11 Feb 2020 Last revised: 5 Mar 2020

See all articles by Syren Johnstone

Syren Johnstone

Faculty of Law, University of Hong Kong; Asian Institute of International Financial Law

Frederick J. Long

Olympus Capital Asia, Hong Kong

Date Written: January 1, 2020

Abstract

Alibaba’s wholly electronic offering was a first for the Hong Kong market. This article explores the underlying legal and regulatory requirements and considers whether Hong Kong must remain wedded to paper when competitor markets are not. It queries the necessity of the waivers obtained by Alibaba to go paperless and suggests that that regulatory clarity - and regulator pro-action - is required to facilitate Hong Kong more clearly moving forward to a paperless system that reflects the modernization of public offering and placement processes. This has become essential in view of developments internationally, commercial and environmental considerations, and local realities.

Keywords: ESG, Environment, Governance, HKEX, Alibaba, Listed Company, Hong Kong, Prospectus Law

Suggested Citation

Johnstone, Syren and Long, Frederick J., Hong Kong’s Paperless Prospectus Law (January 1, 2020). Hong Kong Lawyer, January 2020; University of Hong Kong Faculty of Law Research Paper No. 2020/004. Available at SSRN: https://ssrn.com/abstract=3521235

Syren Johnstone (Contact Author)

Faculty of Law, University of Hong Kong ( email )

Faculty of Law, Pokfulam Road
Pokfulam
Hong Kong
Hong Kong

HOME PAGE: http://www.law.hku.hk/academic_staff/syren-johnstone/

Asian Institute of International Financial Law ( email )

Faculty of Law, Pokfulam Road
Pokfulam
Hong Kong
Hong Kong

HOME PAGE: http://www.law.hku.hk/academic_staff/syren-johnstone/

Frederick J. Long

Olympus Capital Asia, Hong Kong ( email )

Hong Kong
Hong Kong

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