Investment Fund Market Guide - Hong Kong
Key features (Register market)
Yes/No | Remarks | |
Settlement free of payment | Yes | |
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – Hong Kong |
Restrictions on customer | No | Refer to Holding Restrictions – Investment Funds – Hong Kong |
Restrictions on settlement | No |
Remarks | |
Market type / link type (Settlement link) | Register market and CSD link |
| Eligible fund types / legal forms in CBL | Register market: Mutual funds in the form of unit trust and open-ended fund company. Private equity funds in the form of a limited partnership structure. Hedge funds in the form of unit trust, open-ended fund company or limited partnership or limited partnership fund structure. CSD linka: CSD eligible closed-ended funds and ETFs only |
a. Please refer to the Market Link Guide – Hong Kong for more details on funds on CSD link. | |
Eligible fund types in CBL
Register market
Investment funds that are established in the following forms are eligible in CBL:
- Mutual funds (i.e. collective investment schemes which are typically open-ended retail funds) established in Hong Kong are typically in the form of a unit trust, but can also be in the form of an open-ended fund company. Mutual funds which are to be offered to the public must be authorized by the Securities and Futures Commission.
- Private equity funds are typically established in the form of a limited partnership structure.
- Hedge funds may be established as a unit trust or an open-ended fund company or in the form of a limited partnership or limited partnership fund structure.
CSD link
(Please refer to the Market Link Guide – Hong Kong for more information.)
Exchange Traded Funds (ETFs) – Listed ETFs have the same settlement process as listed equities.