According to the Companies Ordinance (CO), every local limited company incorporated in Hong Kong must deliver the statutory returns to the Registrar of Companies timely. Failure or late delivery is a breach of the relevant provisions of the CO. Every responsible person of the company, including the directors, company secretaries, managers and authorized representatives are liable to prosecution and, if convicted, default fines.

The Hong Kong government enthusiastically welcomed the steps announced by the China Securities Regulatory Commission (CSRC) today to increase collaboration between the Mainland and Hong Kong's financial markets.