YTL LLP’s Post

would like to take a moment to highlight another insightful article by my colleague Dominic Sze regarding high yield bonds and their potential in the current market landscape in Hong Kong. With the volatility in equity markets, now might be an ideal time to consider diversifying or restructuring assets portfolios. Find out more at https://lnkd.in/g_Y-4AC5.

Paul Benson, our Head of Systematic Fixed Income, joined the interview of Hong Kong Economic Times this month. We believe investors should consider locking in high yield bond yields ahead of the rate cutting cycle. Some investors tell us they are waiting for credit spreads to widen. He shared three reasons to consider high yield bonds now. To read the full interview, please click here: https://lnkd.in/ekfvrRHC #FallenAngels #FixedIncome #HighYieldBonds #BNYInvestments

Unlock Capital I: Issuing Bonds in Hong Kong Corporate bonds are a powerful tool for companies to raise capital while maintaining control. Hong Kong, with its robust regulatory framework and strategic position as a global financial hub, offers unparalleled advantages for bond issuance. Our Partner Alfred Leung and Senior Of Counsel Dominic Sze explain the benefits of issuing corporate bonds in Hong Kong and summarize the types of corporate bonds available. Our legal expertise can guide you through the bond issuance process, ensuring compliance and maximizing financial benefits. Read the full article here for more details:https://lnkd.in/gYCzvyCi #Corporate #Bonds #HongKong #HongKongFinance #Legal

【Response to Consultation Paper – Securities and Futures Commission (#SFC)】#CFAAdvocacy   👉👉 Our responses and recommendations 🔗 https://bit.ly/3Wpc1Q8   The Securities and Futures Commission (SFC) recently issued a consultation paper seeking market response on their proposals to (i) introduce a statutory scheme of arrangement and compulsory acquisition mechanism for real estate investment trusts and (ii) enhance the SFO market conduct regime for listed collective investment schemes.   The Advocacy Committee of the Society acknowledges the objectives outlined in the Consultation Paper, which aim to establish a clear legal pathway for the privatization of H-REITs. However, given the distinct investment landscape in Hong Kong, we urge the Commission to reconsider both the proposed timeline for implementation and the potential broader market impacts of the legislative changes. #CFASocietyHongKong #CFA #Advocacy #REIT

EXCERPTS: Just five years ago, finance industry professionals with Chinese expertise like Li were sought after by firms from UBS Group AG to Citigroup Inc. Initial public offerings by companies like Xiaomi Corp. and Meituan bolstered Hong Kong’s status as a financial nexus rivaling New York. Now US-China geopolitical tensions have fractured capital markets. Hong Kong IPOs have dried up as stock prices slump and economic prospects wane. President Xi Jinping’s push to step up data security and financial-market regulation has made it harder for Chinese companies to acquire assets or list overseas. Nowhere is that pain more pronounced than in Hong Kong, the center of such deal brokering. The damage is underscored by the barrage of layoffs by Wall Street firms, the retreat of global capital into the world’s second-largest economy, and the city’s diminishing role as an international financial center. COMMENTS: First working in Hong Kong in the early 1990's, rebuilding from the fallout of the 1987 crash, it was a financial backwater but we introduced options/other derivatives and everything that came with it (e.g. market risk management, counterparty risk, capital treatment, margining, etc.) that gave it some respectability. Coming back in 2005 (after living in New York and London), it became sophisticated within reason. Why do I say that? It was not complete with gaps in its ecosystem and relatively inexperienced participants that lived off the wave of Chinese H-share IPOs and trading. But they matured nicely and was professionalized, even though it was still a one or two trick pony. So, fast forward, I strongly believe that Hong Kong can get its mojo back (don't worry about Article 23) as it's attached to a huge economy that needs a tested Common Law system.

📢 News from the China Securities Regulatory Commission CSRC is seeking public feedback on the Draft Guidelines No. 10 for Listed Company Supervision - Market Value Management. This initiative aims to enhance investment value and improve returns for investors by encouraging companies to focus on quality, operational efficiency, and compliance with regulations. The guidelines outline responsibilities for company boards, executives, and major shareholders while prohibiting illegal activities disguised as market value management.📈 👉 Read more: https://lnkd.in/gWmMUtSi #Feedback #ChinaSecurities #Investment #FinancialGrowth #QualityAssurance #Compliance #ListedCompanies #BusinessStrategy #CapitalMarkets #RiskManagement #ShareholderValue #RegulatoryCompliance #PublicConsultation #FinancialRegulation 

China authorities have issued 75 fines for regulatory breaches & failures in 2024to listed companies, institutions, intermediaries & individuals including lawyers, accountants, listing sponsors, securities firms & advisors. Read - https://lnkd.in/gehf-4sq follow Caproasia | Driving the future of Asia China authorities have issued 75 fines for regulatory breaches & failures in 2024to listed companies, institutions, intermediaries & individuals including lawyers, accountants, listing sponsors, securities firms & advisors.  

The AFRC welcomes the five measures announced by the China Securities Regulatory Commission (CSRC) on capital market cooperation with Hong Kong. These measures include increased support for qualified leading mainland companies to raise funds through listings in Hong Kong. This will further deepen the integration and cooperation between the two capital markets and bring more opportunities to the Hong Kong capital market, benefiting the development of the accounting profession.   The AFRC will continue to play its dual role of regulator and market developer and strengthen its communication with the accounting profession, thereby ensuring the quality of the profession while at the same time capturing the business opportunities brought about by the five measures announced by the CSRC.