• 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • 赵哲春季写真大公开 百变风格切换自如 2019-04-07
  • “无中生有”也能助力文旅 2019-04-07
  • 坚守一条红线 维护生态安全(在习近平新时代中国特色社会主义思想指引下——新时代新作为新篇章) 2019-04-07
  • 中国石油呼和浩特石化公司获第十二届人民企业社会责任奖年度环保奖 2019-04-07
  • Select Page

    Establishing hedge funds in Hong Kong

    Charltons has significant experience in advising fund managers and promoters on the structuring, establishment and marketing of hedge funds in Hong Kong. Our lawyers provide an insightful and highly personalised service, delivering high impact, smart and practical advice.

    We advise on all forms of fund vehicles, including limited liability companies, umbrella funds, protected cell or segregated portfolio companies, limited liability partnerships and unit trusts. We also advise on a variety of fund structures, including open-ended and closed-end funds, master / feeder structures and fund of funds.

    Charltons has worked on funds across the full spectrum of asset classes, including listed stocks, fixed income and derivative securities, property, natural resources, private equity, venture capital, and distressed debt. We have also advised on a range of fund strategies including long / short, arbitrage and socially responsible investing.

    We advise on the types of regulated activities that require licensing by the Securities and Futures Commission (SFC) under the Hong Kong Securities and Futures Ordinance (SFO) and related exemptions. We also assist hedge fund managers in applying for SFC licences and complying with on-going obligations as licensed corporations.

    We help both local and international hedge fund managers to structure and launch investment funds in Hong Kong. We will advise on the applicable regulatory framework and suggest structures, selling restrictions and other solutions that will enable funds and fund managers to avoid SFO authorisation and prospectus registration. In the case of non-exempt and retail hedge funds, we will assist with the application for authorisation of the fund in Hong Kong under the SFO and the SFC’s Code on Unit Trusts and Mutual Funds.

    We have an in-depth understanding of the key legal and commercial points in the capital-raising process and have considerable experience in advising on development of fund terms and negotiations with anchor investors. We will prepare information memoranda and subscription agreements, draft and negotiate the investment management, custodian, administration and other service agreements, and prepare corporate resolutions and other launch documents.

    Charltons has experience of advising clients on establishing hedge funds, providing fund manager legal advice and a range of issues concerning hedge funds in Hong Kong.

     

     

    Regulation of hedge funds in Hong Kong 

    Hedge funds in Hong Kong are generally private and non-retail in nature and do not require authorisation from the Securities and Futures Commission (“SFC”). They are primarily regulated through the regulation of Hong Kong-based fund managers which must be licensed with the SFC under Part V of the Securities and Futures Ordinance (Cap. 571 of Laws of Hong Kong) (“SFO”) and comply with SFC’s Fund Manager Code of Conduct. To be licensed, the SFC must be satisfied that these fund managers (and their substantial shareholders and responsible officers) (i) are, and continue to be, fit and proper and competent in carrying out fund management activities; (ii) comply with prescribed capital and other requirements (including having proper business structure and good internal systems) as set out in the SFO, its subsidiary legislation and the SFC’s codes, guidelines and circulars; and (iii) comply that all conditions that may be imposed on them by the SFC.

    Retail hedge funds are uncommon in Hong Kong. These require authorisation with the SFC and must comply with the subsidiary legislation and the relevant codes and guidelines of the SFC, including, in particular, Code 8.7 of the Code on Unit Trust and Mutual Funds (which sets out more particular requirements on the management company, the prime broker (if any), the minimum subscription amount of each investor, general disclosure and disclosure of performance fees, dealing and valuation etc.).

    A retail hedge fund that is listed would be subject to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. However, to date, there are no listed hedge funds in Hong Kong.

    Charltons has experience of advising clients on establishing hedge funds, providing fund manager legal advice and a range of issues concerning hedge funds in Hong Kong.

     

    2017香港特码生肖表:Hedge funds in Hong Kong

    Fund manager legal advice

    Establishing hedge funds

    Establishing hedge funds in Hong Kong

    Regulation of hedge funds in Hong Kong

    Legal advice for hedge funds in Hong Kong

    Hong Kong hedge fund manager legal advice

    Hong Kong hedge fund managers

    Hong Kong Securities and Futures Ordinance SFO

    Hong Kong Securities and Futures Commission SFC

    Code on Unit Trusts and Mutual Funds

    Code 8.7 of the Code on Unit Trust and Mutual Funds
    SFO authorisation and prospectus registration
    Legal advice for hedge funds explained
    Establishing hedge funds offshore
    List of hedge funds

    Privacy Preference Center

    Strictly Necessary

    Cookies that are necessary for the site to function properly.

    gdpr, PHPSESSID

    Performance

    These are used to track user interaction and detect potential problems. These help us improve our services by providing analytical data on how users use this site.

    _ga, _gat, _gid, _atuvc, _atuvs

  • 苹果高管驳斥iPhone计划报废说 iOS 12就是证据 2019-05-07
  • 热门楼盘趁势而入迎热销 红六月正式上线 ——凤凰网房产天津 2019-04-29
  • 国家税务总局:国地税改革进入具体实施操作阶段 2019-04-28
  • 习近平关于生态环境保护的十个精妙论述 2019-04-28
  • 生态环境部严厉打击转移倾倒固体废物及危险废物 2019-04-27
  • 马克思的每个人全面而自由发展,是人的最高需求层次理论。 2019-04-22
  • 空调还装墙壁上?聪明人都是往这里装,好看又省地 ——凤凰网房产 2019-04-22
  • 这下就真的更加坐实你的老蚕了,所有网友都是见证!想赖都赖不掉了。 2019-04-20
  • 空姐,到底要不要漂亮?-光明时评 2019-04-18
  • 沃尔沃全新S60高性能版官图曝光 2019-04-18
  • [视频]《乡村振兴战略大家谈》第六集4分钟精编版 2019-04-12
  • 赵哲春季写真大公开 百变风格切换自如 2019-04-07
  • “无中生有”也能助力文旅 2019-04-07
  • 坚守一条红线 维护生态安全(在习近平新时代中国特色社会主义思想指引下——新时代新作为新篇章) 2019-04-07
  • 中国石油呼和浩特石化公司获第十二届人民企业社会责任奖年度环保奖 2019-04-07