Description

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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: 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. 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). 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. The fourth part addresses market conduct and misconduct, including corporate governance, market abuse and financial crime. 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.

About the Author

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Douglas Arner, Professor, University of Hong Kong, Berry Hsu, Professor and Deputy Director of AIIFL, University of Hong Kong, Say H. Goo, Professor and Director of the Asian Institute of International Financial Law (AIIFL), University of Hong Kong, Syren Johnstone, Adjunct Associate Professor, University of Hong Kong, Paul Lejot, Visiting Fellow, University of Hong Kong Douglas W. Arner is Professor and Head of the Department of Law at the University of Hong Kong. Berry F.C. Hsu is a Professor in the Department of Real Estate & Construction, and Deputy Director of the Asian Institute of International Financial Law at the 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 and Honorary Fellow of the Asian Institute of International Financial Law at the University of Hong Kong. Paul Lejot is a Visiting Fellow in the Asian Institute of International Financial Law at the University of Hong Kong.