On 15 December 2009 the Stock Exchange of Hong Kong Limited (“HKSE”) announced that it will allow companies incorporated in the British Virgin Islands ("BVI") to list in Hong Kong. The move will encourage more investment in China through BVI companies as it simplifies the listing process and provides a cost-efficient exit strategy for investors in BVI-incorporated companies. 

Maples and Calder played a central role in facilitating this development by submitting the application to the HKSE for in-principle recognition of BVI as a jurisdiction for listing purposes. Maples and Calder also assisted the HKSE in its review of BVI shareholder protection standards, a necessary pre-condition to obtaining recognition. Maples and Calder is therefore in a unique position to assist clients with the listing of BVI companies on the HKSE.

Please see the attached for further information.