Hong Kong: SFC consults on Principles of Responsible Ownership

The Securities and Futures Commission has published a consultation paper setting out seven principles of responsible ownership: see here (pdf). The principles are very similar to those found in the UK Stewardship Code and, like the UK Code, operate on a 'comply or explain' basis. According to the SFC, the principles are designed to provide guidance on how shareholders should fulfil their ownership responsibilities in relation to their investment in a listed company. It is the SFC's view that all owners of shares should "assume responsibility and a sense of ownership for their investments".