Proposed changes to the Hong Kong prospectus regime
- The Companies Amendment Bill 2003
Clifford Chance Capital Markets Partner Stephen Roith and Capital Markets Associate Malini Budhwani discuss some of the proposed changes to the Hong Kong Companies Ordinance Cap. 32 the CO prospectus regime, with particular emphasis on the Companies Amendment Bill 2003, which was introduced to the Legislative Council on 25 June 2003 for its first reading and is currently passing through the bills committee stage. The date of its enactment is not yet known.
In order to increase market liquidity by attracting to Hong Kong more issuers of debt and equity, overseas capital...