Lexology GTDT Fund Management
The Lexology Getting the Deal Through Guide for Fund Management is now published. Access this link for all the chapters across 15 jurisdictions and a comparison tool: https://www.lexology.com/gtdt/workareas/fund-management We are pleased to have contributed the Hong Kong chapter alongside many distinguished firms focused on fund management areas, and to have worked with Lexology GTDT team […]
Chambers Private Wealth 2019
Abolition of Quota Requirements for QFII/RQFII
Although this was indicated as being on the cards, China has surprised the global investment community with an unexpected formal announcement to abolish the quota requirements under the QFII and RQFII regimes. The China Statement Administration of Foreign Exchange (SAFE) published its statement on 10 September 2019 referring to this strategic policy decision as a measure of […]
ICLG Alternative Investment Funds 2019 – Hong Kong
Vivien Teu & Co LLP is pleased to continue our contribution of the Hong Kong Chapter this year to the International Comparative Legal Guide (ICLG) on Alternative Investments Funds 2019, published by Global Legal Group. Our authors Vivien Teu and Sarah He provide an overview of recent changes and updates to available legal structures, regulatory […]
Enhanced Requirements on Complex Products
From 6 July 2019, the Guidelines on Online Distribution and Advisory Platforms (“Guidelines on Online Platforms”) issued by the Securities & Futures Commission (“SFC”) would become effective, within which outlines the SFC’s further guidance on the expected conduct requirements on intermediaries offering investment products on online platforms, and where the SFC introduced specific requirements with […]
International tax cooperation spurs key development for the Hong Kong asset management industry
In December 2017, the Council of the European Union (EU) identified certain ring-fencing features in Hong Kong’s profits tax exemption regime, which are considered discriminatory and isolated from the domestic economy. In order not to be labelled as a non-cooperative jurisdiction by the EU Council, Hong Kong committed to addressing this concern by considering appropriate […]
The International Comparative Legal Guide – Corporate Tax 2019 – Hong Kong
Vivien Teu & Co LLP is delighted to have contributed the Hong Kong chapter of The International Comparative Legal Guide: Vivien Teu & Co LLP_Hong Kong_Corporate Tax 2019. The Guide is published by Global Legal Group in association with William Watson of Slaughter and May, covering common issues in corporate tax laws and regulations – […]
New Hong Kong Regulatory Approach to Virtual Assets
The Hong Kong Securities & Futures Commission (SFC) today issued a statement and an accompanying circular setting out a new regulatory approach on virtual assets, referred to as a “digital representation of value” (encompassing “cryptocurrency”, “crypto-assets” or “digital token”). The statement outlines the SFC’s new measures to regulate investment or portfolio management or distribution of investment products that involve investing in […]
Hong Kong SFC increasing focus on Green Finance and ESG
At a recent luncheon with the Hong Kong Investment Funds Association, Ashley Alder, Chief Executive Officer of the Securities and Futures Commission (SFC), gave an update on the SFC’s strategy for the Hong Kong asset management industry. Besides reflecting on where things are on the key initiatives of the SFC in recent years – namely […]
Hong Kong Open-ended Fund Company Comes into Effect
Pursuant to the Gazette published on 27 July 2018, the Securities and Futures (Amendment) Ordinance 2016 enacted to amend the Securities and Futures Ordinance (SFO) comes into effect on 30 July 2018, along with subsidiary legislations[1] issued in May 2018 including the Securities and Futures (Open-ended Fund Companies) Rules (OFC Rules), and also the non-statutory […]