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Financial Markets in Hong Kong: Law and Practice, 2nd Edition

Financial Markets in Hong Kong: Law and Practice, 2nd Edition

Author: Douglas Arner; Berry Hsu; Say H. Goo; Syren Johnstone; Paul Lejot; Maurice Kwok-Sang Tse
Publisher: Oxford University Press
ISBN: 9780198706472
Published In: March 2016
Format: Hardback , 655 pages
Jurisdiction: Hong Kong ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

Details
- The most detailed work on Hong Kong financial law and regulation, covering all major areas in a single volume
- Helpful explanations provide the necessary context to understand how Hong Kong's financial markets and regulation differ from those in other major financial centres
- Written by leading academics and experienced practitioners in Hong Kong financial law
New to this Edition:
- Fully revised, updated, and expanded to include all new developments in regulation and case law from 2006-2015
- Comprehensive coverage of post-crisis reforms and their implementation in Hong Kong, including Basel III, the new regulatory system for OTC derivatives, regulation of credit rating agencies, the deposit insurance and the proposed resolution framework, the incoming regulatory framework for insurance, and major developments in securities regulation, company law and listing rules
Since the publication of the first edition in 2006, financial regulation around the world has changed dramatically as a result of the 2008 global financial crisis. As one of the world's leading financial centres, international regulatory reforms have had a significant impact on the legal and regulatory system in Hong Kong. This new second edition provides a comprehensive and authoritative single-volume guide to the main areas of financial regulation and financial law in Hong Kong. Given the massive changes in financial regulation globally and in Hong Kong, the second edition has been substantially rewritten and revised to address changes in markets and their legal and regulatory frameworks, as well as the implications of these changes to future market development.

The book is in five parts:
1. The first part considers the evolution of Hong Kong's role as a financial centre and the development of its financial regulatory structure, one that is perhaps unusually complex given the size of the jurisdiction.
2. The second part discusses the regulation of the banking, securities, insurance sectors, including the regulatory powers of the Hong Kong Monetary Authority (HKMA), the Securities and Futures Commission of Hong Kong (SFC), the Office of the Commissioner of Insurance (OCI), and the forthcoming Independent Insurance Authority (IIA).
3. The third part covers regulation of financial products and services, including securities offerings and listings, investment products and asset management, financial derivatives, and takeovers and mergers.
4. The fourth part addresses market conduct and misconduct, including corporate governance, market abuse and financial crime.
5. Finally, the fifth part examines the international context, focusing on the relationship between Hong Kong's financial markets and regulation and mainland China as well as key issues for Hong Kong's role as a major global financial centre.
I. Finance in Hong Kong
1: Hong Kong's Financial Markets: Evolution and Overview
2: Financial Regulatory Structure
3: Banking Regulation and the Hong Kong Monetary Authority

II. Regulation of Banking, Securities and Insurance
4: Securities Regulation: The Securities and Futures Commission and Hong Kong Exchanges and Clearing Limited
5: Insurance Regulation and the Insurance Authority

III. Regulation of Financial Products
6: Securities Offerings
7: Asset Management and Investment Products
8: Financial Derivatives
9: Takeovers and Mergers

IV. Financial Market Conduct and Misconduct
10: Corporate Governance
11: Market Integrity

V. The International Dimension
12: The China Nexus
13: Hong Kong's Future as a Leading International Financial Centre
Douglas W Arner, Professor, University of Hong Kong, Berry Hsu, Retired Professor, University of Hong Kong and Deputy Director of the Asian Institute of International Financial Law (AIIFL), University of Hong Kong, Say H Goo, Professor, University of Hong Kong,Syren Johnstone, Adjunct Associate Professor, University of Hong Kong, and Paul Lejot, Visiting Fellow, University of Hong Kong

Consulting Editor Maurice Kwok-Sang Tse, Associate Professor, University of Hong Kong

Douglas W Arner is Professor of Law at the University of Hong Kong and Co-Director of the Duke-HKU Asia-America Institute in Transnational Law.

Berry F.C. Hsu is a retired professor of the University of Hong Kong and an Honorary Fellow of the Asian Institute of International Financial Law at the Faculty of Law, University of Hong Kong.

Say H Goo is Professor of Law at HKU, Founding and former Director of Asian Institute of International Financial Law (AIIFL) and Deputy Director of Ronald Coase Centre for Property Rights Research (RCCPRR).

Syren Johnstone is Adjunct Associate Professor of Law at University of Hong Kong and Fellow of the Asian Institute of International Financial Law.

Paul Lejot is a Visiting Fellow in the Asian Institute of International Financial Law at the University of Hong Kong.