Clifford Chance
Hong Kong new open-ended fund company structure goes live in July 2018
31 May 2018
Currently a Hong Kong domiciled open-ended investment fund may be established in the form of a unit trust but not in the form of a corporate vehicle due to the capital protection provisions of Hong Kong incorporated companies under the Hong Kong Companies Ordinance. To further develop Hong Kong as a full-service asset management centre the Government is introducing the open-ended fund (OFC) structure with an objective to attract more funds to domicile in Hong Kong. The new OFC structure will be effective from July 2018.
