Insider trading hong kong

Jan 17, 2019 The stock price of several Hong Kong-listed companies plunged during trading Thursday, leaving investors and analysts baffled as to what 

Hong Kong — a city The Economist magazine dubbed “a paradise” for insider trading — faces a sluggish stock market, demographic challenges, slow GDP growth, and worries about China’s connection with insider dealing, the Guidelines have quoted the decisions of the tribunals in Hong Kong with regard to the meaning of “relevant information”. The decisions of the tribunals in relation to insider dealing, and “relevant information” are relevant for the purposes of determining what constitutes “inside information” and may On average, firms in Hong Kong have very concentrated ownership and insiders trade more actively and account for larger fractions of total turnover of their firms' shares than do US insiders. Inside sellers in Hong Kong earn negligible rents; however, inside buyers earn statistically and economically significant positive mean abnormal returns. The main provisions in Hong Kong relating to insider trading are contained in the Securities (Insider Dealing) Ordinance (SIDO), and the Securities (Disclosure of Interests) Ordinance (SDIO). Both ordinances were implemented on September 1, 1991 to replace the then existing provisions of the Securities Ordinance. One characteristic of insider trading in Hong Kong is the high frequency of transactions and the large amounts of money involved. Inside purchases appear to signal and correct undervaluation and Insider trading was not even a criminal offence in Hong Kong until 2003. Earlier this year local tycoons banded together to block proposed changes to disclosure rules that, in effect, allow Hong Kong’s SFC banned a former executive at China Galaxy International Securities (CGIS) for 30 months after he was convicted of insider trading. Hong Kong’s SFC banned a former executive at China Galaxy International Securities (CGIS) for 30 months after he was convicted of insider trading.

This paper examines the characteristics and price movements of legal insider transactions in Hong Kong. Abnormal returns are analyzed for intensive trading, 

On average, firms in Hong Kong have very concentrated ownership and insiders trade more actively and account for larger fractions of total turnover of their firms'   Dec 12, 2019 The main purpose of this paper is to examine the legal insider trading activities by directors of companies listed on the Hong Kong Exchange  May 9, 2013 The case dates back to December 2008 and January 2009, when Tiger Asia engaged in illegal insider trading in shares of China Construction  Hong Kong was considered to be a “country.” Thus, the study investigates insider trading regulation and enforcement for fourteen countries throughout the world. Sep 13, 2013 regulatory mechanism for insider dealing in Hong Kong, and critically analyses the 2. Bainbridge, Stephen Insider trading Edward Elgar 2011  What are the trading hours of the securities market? Trading How do stock codes work in Hong Kong? What is “insider dealing” and “market manipulation” ?

What are the trading hours of the securities market? Trading How do stock codes work in Hong Kong? What is “insider dealing” and “market manipulation” ?

Insider trading was not even a criminal offence in Hong Kong until 2003. Earlier this year local tycoons banded together to block proposed changes to disclosure rules that, in effect, allow

In Hong Kong, as mentioned before, insider trading is considered a civil offense ( so the penalty on the book is not as grave as in the U.S. or many European 

Feb 28, 2019 On 12 October 2018, the Hong Kong Court of Final Appeal (“CFA”) handed down a landmark judgment in Securities and Futures Commission v  The next section reviews the historical development of Hong Kong's insider trading laws to identify the significance of the introduction of the criminal regime in 

Tiger Asia was a New York-based asset management company with no physical presence in Hong Kong. Tiger Asia and two of its senior officers were found to have breached the insider dealing and market manipulation provisions of the SFO in dealing in shares of two Hong Kong listed banks.

Sep 28, 2011 Financial Officer Andy Chan and Fidelity Management's George Stairs were accused by Hong Kong's financial secretary of insider trading. Apr 4, 2013 In October 2012, the Hong Kong firm Well Advantage settled an insider trading charge in the Nexen case, agreeing to pay a fine of over $14 

Sep 13, 2013 regulatory mechanism for insider dealing in Hong Kong, and critically analyses the 2. Bainbridge, Stephen Insider trading Edward Elgar 2011