Contact details

James Wong

T: +852 3166 6933 M:+852 9447 7337 Email James | vCard Office: Hong Kong

Awards

Regulatory

Regulatory

James Wong Associate

Contact details

James Wong

James Wong
Associate

T: +852 3166 6933 M: +852 9447 7337 Email James | vCard Office: Hong Kong

James is a banking and finance lawyer. He focuses on financial services and fintech regulation, and financing.
  • Profile
  • Services
  • Sectors

James' practice areas cover securities, futures, asset management, funds, payment solutions, virtual assets, regulatory investigations, money lending, AML, data privacy and other financial regimes (stored value facilities, money service operators, trust and company service providers, dealers in precious metals and stones).

He represents several high-profile securities brokerage firms, fintech companies, insurance brokerage firms, fund houses, asset managers, money lenders and banks. He has extensive experience advising on creative business models and drafting standard form documentation.

James also advises multi-national financial institutions in their lending and asset financing transactions.

James is a native English and Cantonese speaker and is also fluent in Mandarin.

  • Regulatory compliance
  • Yacht and superyacht
  • Finance

Financial business licensing

Advising what regulatory licences are needed for banking, lending broking, advisory, asset management, fintech and other financial services businesses and obtaining those licences.

Financial product authorisation

Advising on whether and, if so, how financial products may be marketed and obtaining any regulatory authorisations needed.

Financial services compliance

Advising on compliance with financial services laws, regulations and codes and assisting with investigations by regulatory bodies, including the drafting and revamping of standard documentation.

Sale and purchase

Advising both sellers and buyers on the legal aspects of a yacht sale and purchase, particularly as it pertains to documentation, title due diligence, closing, flagging and title transfer.

Yacht financing

Advising lenders on yacht financing loans as regards both new builds and non-new builds.

Yacht advisory

Advising yacht owners, shipbuilders and berth managers on yacht-related regulatory and licencing issues.

Lender side

Structuring, documenting and negotiating secured and unsecured financings of all kinds for banks, money lenders, funds and other lenders.

Borrower side

Negotiating secured and unsecured financings of all kinds for financial institutions, corporates, individuals, funds and other borrowers.

Finance assets

Advising buyers and sellers of loans and other finance assets.

More: Finance
  • Technology

Securities brokerage

Advising one of Hong Kong's largest retail securities brokerage and fin-tech companies on a wide range of matters, including: (i) drafting their extensive client agreement and standard form client documentation, which account for 7 different types of regulated activities under the Hong Kong Securities and Futures Ordinance, (ii) advising on their launch of new products and services, including the brokerage of cryptocurrencies, NFTs and other virtual assets, and the provision of robo and automated investment advice, and (iii) advising on their collaboration with other local and international fintech companies, involving credit cards and payment systems.

Fintech

Advising a number of virtual banks and other fintech companies on the following: (i) their licensing applications with the relevant regulator(s), (ii) the digitization of their existing businesses, and (ii) their launch of new fintech products and services, including B2B and B2C payment and remittance systems, currency exchange systems, centralized KYC/AML platforms, and electronic investment systems.

Personal data and data privacy

Advising various clients on personal data privacy and data security. Highlights include advising a multi-national shipping conglomerate on the relocation of its servers from Hong Kong to Singapore. James frequently drafts personal data-related standard documentation for financial institutions. 

More: Technology

Awards

Regulatory

Regulatory

Latest news & insights

13 Jun 2024

From Insights

Hong Kong's Court of Final Appeal ("CFA") Unanimously Upholds The Letter Of Consent Regime

In January 2022 following the High Court's decision in Tam Sze Leung & Ors ("Applicants") v Commissioner of Police we wrote the article: 'Hong Kong's Letter Of No Cons..

More

29 May 2024

From Insights

Lessons learned from the SFC and HKMA's joint review on distribution practices of non-exchange traded investment products

A joint circular to intermediaries on findings from a review of the distribution of non-exchange investment products was issued by the Securities and Futures Commissio..

More

22 Apr 2024

From Insights

Recent HKMA circulars regarding authorized institutions' services in distribution of tokenised products and custody of virtual assets

On 20 February 2024, the Hong Kong Monetary Authority published two circulars to highlight the supervisory standards expected of authorized institutions in the sale an..

More

17 Apr 2024

From Insights

Proposed regulation on provision of VA OTC trading services

In February 2024, the Financial Services and the Treasury Bureau (“FSTB”) issued the consultation document seeking views on the regulation of over-the-counter ("OTC") ..

More

11 Mar 2024

From Insights

香港个人资料跨境流动最新发展 - 粤港澳《大湾区标准合同》的先行先试安排

香港创新科技及工业局与国家互联网信息办公室于2023年6月29日在北京签署《促进粤港澳大湾区数据跨境流动的合作备忘录》。

More

09 Jan 2024

From Insights

Stablecoin regulations – Consultation paper on the proposed regulatory framework

In January 2023, the Hong Kong Monetary Authority ("HKMA") and the Financial Services and the Treasury Bureau ("FSTB") jointly published the result of a discussion pap..

More

04 Jan 2024

From Insights

Greenlight for retail investors – SFC-authorised virtual asset funds

In October 2022, the Hong Kong Securities and Futures Commission (the "SFC") published a circular setting out its readiness to accept applications for authorisation of..

More

12 Dec 2023

From Insights

Preparing for the changes: a guide to the new Securities and Futures (Contracts Limits and Reportable Positions) Rules

After two rounds of public consultations, on 5 June 2023, the Securities and Futures Commission published the Consultation Conclusions

More

28 Nov 2023

From Insights

Virtual asset regulation November update – the retail market and tokenisation

As Hong Kong continues to build itself into a place that nurtures the growth of fintech businesses, the Securities and Futures Commission recently published three circ..

More

30 Oct 2023

From Insights

Consultation on proposed guidelines for Market Soundings – what is it?

On 11 October 2023, following the thematic review done in 2022, the SFC published a consultation paper on the proposed guidelines for market soundings

More

11 Sep 2023

From Insights

SFC's consultation conclusions on proposed risk management guidelines for futures brokers

The SFC recently published the Consultation Conclusions on Proposed Risk Management Guidelines for Licensed Persons Dealing in Futures Contracts on 25 August 2023,

More

24 Aug 2023

From Insights

New sophisticated professional investor regime – what you need to know

The HKMA and SFC issued a joint circular on 28 July 2023 introducing a "Streamlined Approach" for compliance with suitability obligations when dealing with "sophistica..

More

05 Jul 2023

From Insights

Art law - recent developments July 2023

Welcome to the latest issue of our "Art law - recent developments" newsletter in which we discuss legal issues currently affecting the global art community.

More

07 Jun 2023

From Insights

Conclusion to the regulatory requirements for the virtual asset trading platform operators licences

Following the Consultation Paper on the Proposed Regulatory Requirements for Virtual Asset Trading Platform Operators Licensed by the Securities and Futures Commission..

More

13 Mar 2023

From Insights

The proposed regulatory requirements for the incoming virtual asset trading platform operators licences

In preparation for the AMLO VASP Regime, the Securities and Futures Commission recently published the Consultation Paper on the Proposed Regulatory Requirements for Vi..

More

04 Jan 2023

From Insights

2022 end-of-year update on the upcoming regulatory regimes for virtual asset service providers and dealers in precious metals and stones

The Legislative Council recently passed the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022.

More

print-footer
logo
© Stephenson Harwood LLP 2016. Any reference to Stephenson Harwood in this document means Stephenson Harwood LLP and/or its affiliated undertakings. Any reference to a partner is used to refer to a member of Stephenson Harwood LLP.