Clifford Chance
21 today; more Chapter 21 listings predicted in Hong Kong
13 January 2011
On 6 January for the first time in over 6 years, a Chapter 21 fund was listed on the main board of the Stock Exchange of Hong Kong (the Exchange). Fund managers have been interested in Chapter 21 listings for some time now and with this recent successful listing, more such listings are likely to follow. Chapter 21 listed funds allow fund managers to offer professional investors a fund product with the benefits of the regulation of exchange listed products, without the level of restrictions on fund managers under the retail focused alternative presently available. In this briefing, we explore the background of funds listed pursuant to Chapter 21 of the Listing Rules of the Exchange (Listing Rules).
