The New Capital Investment Entrant Scheme (New CIES)1 was launched on 1 March 2024 aiming to attract high net worth investors (including foreign and Chinese nationals) to reside in Hong Kong with a permanent residency status...more
The current regulatory requirements in Hong Kong with regards to managing funds that invest in "virtual assets" ("VA") can be summarized as follows – if an asset manager has a licence from the Hong Kong Securities and Futures...more
In August 2021, the Securities and Futures Commission of Hong Kong ("SFC") published the Consultation Conclusions on the Management and Disclosure of Climate-Related Risks by Fund Managers ("Consultation Conclusions"), that...more
In the midst of the current market volatility in Hong Kong, tumbling oil prices and recent U.S. stock market turbulence, one may say that the markets are in “stressed” conditions. As the impacts of the COVID-19 pandemic on...more
The Hong Kong Securities and Futures Commission (SFC) issued a circular (Circular) on January 7, 2020, which clarifies that private equity firms conducting, or holding themselves out as conducting, regulated activities in...more
2/5/2020
/ Asset Management ,
Co-Investment Rights ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Licensing Rules ,
New Circular ,
Private Equity ,
Private Equity Firms ,
Privately Held Corporations ,
Securities and Futures Ordinance (SFO)
In light of an increasing demand for virtual asset investment products, the Hong Kong Securities and Futures Commission (SFC) has been taking steps to clarify the legal and regulatory requirements for this market. In this...more
11/6/2019
/ Asset Management ,
Digital Assets ,
Digital Currency ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investment Funds ,
Investment Management ,
Investment Portfolios ,
Investors ,
Licensing Rules ,
Portfolio Managers ,
Terms and Conditions ,
Utility Tokens ,
Virtual Currency
The Hong Kong Securities and Futures Commission (SFC) has announced that it reprimanded and fined a Hong Kong private equity firm, SEAVI Advent Ocean Private Equity Limited (PE Firm), for employing or appointing unlicensed...more
11/2/2019
/ Asset Management ,
Breach of Duty ,
Code of Conduct ,
Debentures ,
Enforcement Actions ,
Fines ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Investors ,
Licensing Rules ,
Private Equity Firms ,
Private Investment Funds ,
Professional Disciplinary Actions ,
Securities ,
Unlicensed Professionals
Hong Kong is increasingly a popular jurisdiction for fund distribution, given its nexus with the People’s Republic of China. Historically, investment funds usually have been established in the form of offshore mutual funds,...more
10/22/2018
/ Asset Management ,
Business Formation ,
Corporate Taxes ,
Financial Services Industry ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Incorporation ,
Offering Documents ,
Open-Ended Fund Companies (OFCs) ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Qualified Investment Funds (QIFs) ,
Registration Requirement
The Hong Kong Securities and Futures Commission (SFC) on 16 November 2017 published its Conclusions on its one-year consultation in relation to enhancement of asset management regulation and point-of-sale transparency...more
1/11/2018
/ Amended Rules ,
Asset Management ,
Code of Conduct ,
Financial Stability Board ,
Fund Managers ,
Hong Kong ,
Hong Kong Securities and Futures Commission (HKSFC) ,
Intermediaries ,
IOSCO ,
Liquidity ,
Point of Sale Terminals ,
Reporting Requirements ,
Risk Management ,
Transparency
The Hong Kong Securities and Futures Commission (SFC) recently released a circular outlining its views on how asset managers should address certain conflicts of interest between private funds and separately managed accounts...more