CHINA TRENDS HOLDINGS LTD V. THE STOCK EXCHANGE OF HONG KONG LTD

[2026] HKCA 95 Court of Appeal 30 January 2026 • CACV425/2021 • 28 min read

8 cases cited (0 HK, 8 foreign)

Outcome

Application refused

we refused the application.

Source: [2026] HKCA 95, Court of Appeal, decided 30 January 2026. Read directly from the judgment.

Judges (3)

Au Coram Barma Coram G Lam Coram

Counsel (6)

Chiu & Co Firm Hogan Lovells Firm Anson Wong Yu Yat Counsel Applicant Hectar Pun Counsel Applicant John Cheung Counsel Respondent Victor Dawes Counsel Respondent

Parties (2)

China Trends Holdings Limited Applicant The Stock Exchange of Hong Kong Limited Putative Respondent

Case Significance

China Trends Holdings Ltd v. The Stock Exchange of Hong Kong Ltd [2026] HKCA 95 is a Court of Appeal decision dated 30 January 2026. The Court of Appeal held: "we refused the application," drawing on Court of First Instance authorities [2021] HKCFI 2427 and [2020] HKCFI 3045, together with the Court of Appeal decisions [2023] HKCA 705, [2023] HKCA 425 and [2021] HKCA 1673.

The decision also referred to [2015] 4 HKC 107, [2001] 2 HKC 91 and [2021] 3 HKLRD 554.

Summary

China Trends Holdings Limited appealed against the dismissal of its judicial review application challenging the Stock Exchange of Hong Kong's decision to cancel the listing of its shares. The Court of Appeal dismissed the appeal, finding the delisting decision was within the Exchange's powers and the applicant's failure to submit a viable resumption proposal within the prescribed timeframe was determinative.

What did the Court of Appeal decide in China Trends Holdings Ltd v. The Stock Exchange of Hong Kong Ltd [2026] HKCA 95?

The Court of Appeal held: "we refused the application," in a decision dated 30 January 2026 that drew on earlier authorities including [2021] HKCFI 2427, [2023] HKCA 705 and [2021] HKCA 1673.

Which court authorities were cited alongside China Trends Holdings Ltd v. The Stock Exchange of Hong Kong Ltd [2026] HKCA 95?

The decision referred to Court of First Instance and Court of Appeal authorities including [2020] HKCFI 3045, [2023] HKCA 425, [2015] 4 HKC 107, [2001] 2 HKC 91 and [2021] 3 HKLRD 554.