News & Analysis as of

Asset Management Hong Kong

Mayer Brown

Asset Protection in Light of Recent Legislative Developments in Mainland China and Hong Kong

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Recent legal developments in Mainland China and Hong Kong have introduced new challenges to Mainland Chinese high-net-worth individuals (HNWIs) in protecting their assets from creditors' claims....more

Dechert LLP

CIES to boost the appeal of Hong Kong funds

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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

Conyers

Trustee's Duty and Anti-Bartlett Clauses - The Ivanishvilli Redux

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Just when trustees are feeling safe to go back into the water after the Hong Kong Court of Final Appeal spoke in Zhang Hong Li v. DBS Bank (Hong Kong) Ltd [2019] along comes Ivanishvilli v. Credit Suisse Trust Ltd [2023]...more

Mayer Brown

Hong Kong's New Capital Investment Entrant Scheme

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Introduced in the 2023-2024 Budget, the new and revamped Capital Investment Entrant Scheme (New CIES) aims at enriching the talent pool and attracting more new capital to Hong Kong. It is one of the eight policy measures...more

Latham & Watkins LLP

Hong Kong Regulators Update Guidance for Intermediaries’ Virtual Asset-related Activities

Latham & Watkins LLP on

Revamped SFC and HKMA guidance applies to intermediaries that distribute products or provide dealing, advisory, and asset management services related to virtual assets. On 20 October 2023, the Hong Kong Monetary...more

Conyers

Lessons from the Zhang Lan Offshore Trust

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News in the Chinese sensationalist media sent a shuddering ripple across many estate planners in China and Hong Kong concerning the viability of offshore trusts: a receiver had been appointed over bank accounts held in the...more

K&L Gates LLP

The Dual Licensing Regime for Virtual Asset Trading Platforms In Hong: Kong Key Highlights – Part 2

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In our previous alert, we provided an overview of the new Dual Licensing Regime and highlighted the consequences of relevant breaches of Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615), as amended...more

Dechert LLP

Hong Kong Virtual Asset Fund Managers – Current State of Play

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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

Proskauer Rose LLP

An Overview of Open-ended Fund Companies in Hong Kong and Practical Tips for Registering an OFC

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An OFC is a collective investment scheme structured as a separate legal entity in the form of a company with variable capital established under Part IVA of the Securities and Futures Ordinance of Hong Kong (“SFO”). The OFC...more

K&L Gates LLP

ESG Regulatory Developments in the UK, Japan, and Hong Kong

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INTRODUCTION - We’ve heard a lot over the past year about Environmental, Social and Governance (ESG) regulatory developments affecting asset managers in the European Union, which is regarded as leading the way on ESG...more

Dechert LLP

Consultation Conclusions on the Management and Disclosure of Climate-related Risks of Fund Managers

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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

Latham & Watkins LLP

ESG in Asset Management: A Global Perspective - October 2021

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The global asset management community has long been among the leaders in recognising the investment and risk management benefits of tracking the environmental, social, and governance (ESG) performance of the assets it invests...more

Hogan Lovells

Changes in insurance regulation: Mainland China/Hong Kong/Singapore/Indonesia - January-June 2020

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CBIRC issued newly revised Health Insurance Measures - On 31 October 2019, the China Banking and Insurance Regulatory Commission (CBIRC) promulgated the newlyrevised Administrative Measures for Health Insurance (Health...more

Hogan Lovells

Hong Kong’s new Limited Partnership Fund regime

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Through the unveiling of the Limited Partnership Fund (LPF) regime, Hong Kong makes clear its intention to join the Cayman Islands and Luxembourg as a viable alternative for Asia-focused asset managers seeking fund domicile....more

Proskauer Rose LLP

The Arrival of Hong Kong’s Limited Partnership Fund Regime

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Hong Kong’s private funds industry is on the verge of benefitting from further significant changes in local laws designed to make Hong Kong more attractive as a centre for private funds and their managers. On 31 August 2020,...more

Dechert LLP

NEWSFLASH: COVID-19 Coronavirus – Liquidity Issues in Hong Kong

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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

Goodwin

Hong Kong to Revamp Limited Partnership Regime to Attract Private Funds

Goodwin on

Hong Kong has a strong reputation as a global and regional hub for the asset management and funds industry and is clearly looking to maintain and improve its competitiveness in this sector. In the recent 2020-2021 Budget, and...more

Akin Gump Strauss Hauer & Feld LLP

Navigating the “New Normal” – The Fallout for Hong Kong Based Asset Managers and Financial Institutions with Exposure to Asia or...

The COVID-19 pandemic has caused significant disruptions to numerous industries and sectors on a worldwide scale in an unprecedented manner. The asset management industry, like so many other business sectors, has proven far...more

Dechert LLP

SFC Licensing Guidance for Private Equity Firms

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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

Akin Gump Strauss Hauer & Feld LLP

SFC Issues Guidance to Private Equity Firms and Family Offices on Licensing Issues

In recent years, the Hong Kong Securities and Futures Commission (SFC) has increasingly focused on private equity funds’ obligation to be licensed under the Securities and Futures Ordinance (SFO). In February 2019, the SFC’s...more

Dechert LLP

SFC Addresses Regulation of Managers of Virtual Asset Funds and Virtual Asset Discretionary Accounts

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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

Dechert LLP

SFC Takes Enforcement Action Against Private Equity Firm, a Director and Investment Manager

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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

Dechert LLP

Investment Funds Update - Europe: Legal and regulatory updates for the funds industry from the key asset management centres and...

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FCA Consults on Rules for Post-Brexit Temporary Permissions Regime for Incoming EEA Firms and Funds - The UK government is proposing to implement a “temporary permissions regime” to cover “inbound” European Economic Area...more

Dechert LLP

Financial Services Quarterly Report - Third Quarter 2018: Hong Kong Facilitates Market Development by Introducing Open-Ended Fund...

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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

Akin Gump Strauss Hauer & Feld LLP

NFA Inspects Hong Kong Based Investment Managers

The U.S. National Futures Association (NFA) has confirmed that it has commenced its first-ever, on-site inspection program of NFA member firms located in Hong Kong. Prior to this current initiative, the NFA’s inspections of...more

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