Focus on Hong Kong Asset Management
Hong Kong has a well-established asset management and funds industry that has been successful under an open architecture framework. This spans from being accepting of fund managers’ overseas qualifications and experiences of different markets to set up in Hong Kong, to being domicile-neutral on the funds that may be offered in Hong Kong on a […]
HKMA on Green Finance and UNPRI
Earlier this week, the Hong Kong Monetary Authority (HKMA) issued a press release on key measures that the HKMA is adopting to support and promote sustainable and green finance in Hong Kong (https://www.hkma.gov.hk/eng/key-information/press-releases/2019/20190507-4.shtml) In particular, as an asset owner and manager of the Exchange Fund, HKMA is placing emphasis on responsible investment, including incorporating ESG […]
Offshore Economic Substance Requirements
From 1 January 2019, various offshore jurisdictions have enacted economic substance (ES) requirements, although there are differences and local nuances in each of the respective jurisdictions involved. Generally speaking, the introduction of ES requirements in such traditional ‘no or nominal tax jurisdictions’ has raised concerns amongst individuals or corporations who have been using offshore companies, […]
“Green” or “ESG” Funds? Hong Kong Regulator Issues Guidelines
An evolutionary force has built momentum in recent years within the global investment management industry and investors community – a greater focus on the power of capital for good and purpose. Beyond “green investing” to fight climate change, it goes from sustainable investing to ethical or impact investing, encompassing objectives to embrace broader responsibilities that […]
家族财富管理
张慧雯律师事务所很高兴成为“中国商法”杂志授予的《2019年中国商法卓越律所大奖》的获奖者。 本所获奖领域为： 家族财富管理 －国际所。 “中国商法”卓越律所大奖是根据中国境内外企业法务、管理决策者、法律专业人士的投票及推荐，以及对获奖事务所的显著成就进行评估而授予的。 由于中国和亚洲地区的财富和超高净值以及高净值家庭的数量大幅增加，近年来对家族财富管理的专业人士和专业服务的需求很大。 不断增长的需求，也带来很多家族办公室的设立。 取决于每个家族的独特情况，家族办公室的功能以及家族办公室的设计、形式和架构可就个别家庭而异。 包括家族企业和投资之需求，为下一代策划资产转移的遗产和传承计划等，可能有很大不同的考虑因素和方式。 在本所获奖之际，我们再次分享本所刊物，含本所深入分析家族财富管理的要素和相关问题。 结合本所就证券及私募股权投资、企业、基金、信托安排和税务等方面的专长，我们期待与更多合作伙伴合作，为行业做出贡献和塑造，以达满足客户需求。
Family Wealth Management
Vivien Teu & Co LLP is delighted to be a recipient of the China Business Law Awards 2019 conferred by the China Business Law Journal. The firm is recognised as an award winner in the category of Family Wealth Management – International Law Firm. The China Business Law Awards of China Business Law Journal are […]
Revised Code on Unit Trusts and Mutual Funds
On 6 December 2018 the Hong Kong Securities and Futures Commission (“SFC”) issued the consultation conclusions (“the Consultation Conclusions”) on proposed amendments to the Code on Unit Trusts and Mutual Funds, governing investments funds authorised by the SFC for offer to the public in Hong Kong. The revised Code on Unit Trusts and Mutual Funds […]
Update on Fund Structures
Fund sponsors now have new legal forms to consider when structuring investment funds. This update highlights recent developments of note. Cayman Islands Limited Liability Company A long anticipated Cayman Islands Limited Liability Companies Law, 2016 came into force 8 July 2016. The registration of a limited liability company (“LLC”) will commence 13 July 2018. The LLC […]