Best Funds & Asset Management Lawyers in Central

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Siu & Co., Anthony
Central, Hong Kong

Founded in 2000
50 people in their team
Chinese
English
About UsAnthony Siu & Co. is a dynamic Hong Kong based law firm with a distinguished legal network behind it.  We practise in the following areas of work to serve the needs of the modern day business community:China-Appointed Attesting ServiceNotary Public ServiceCorporate, Commercial...

Founded in 2000
50 people in their team
Chinese
English
WELCOME TOCHOW & CHEUNGSOLICITORS & NOTARIESThe firm is founded by Mr. Stephen Chow and Ms. Natalia Cheung. Both of them are Notary Public appointed by the Hong Kong High Court, and Stephen is also a China Appointed Attesting Officer appointed by the Ministry of Justice of the People's...
Tonys Lawyers
Central, Hong Kong

Founded in 2002
10 people in their team
Chinese
English
Who We AreTonys Lawyers was founded by a number of experienced lawyers who had been working and practicing for around or more than 20 years in Hong Kong’s top tier local and international law firms. Each of them has been well recognized in their respective practice areas, i.e. corporate and...
Kevin Ng & Co., Solicitors
Central, Hong Kong

Founded in 1999
50 people in their team
Chinese
English
About UsEstablished since 1999, KEVIN NG & CO., SOLICITORS ("KNC") at present comprises of six legal professionals: Mr. Kevin Ng, Senior Partner; Mrs. Cecilia Wong, Partner; Mr. Wing Lung Kwok, Consultant;  Mr. Alex Lam, Associate; and Ms. Mandy Wong, Associate.The aspiration of Kevin Ng...
Hampton, Winter and Glynn
Central, Hong Kong

Founded in 1982
10 people in their team
Chinese
English
Hampton, Winter and Glynn (HWG) has been providing legal services to Hong Kong’s businesses, community and people for 40 years.  HWG is Hong Kong’s preeminent independent law firm and is strongly committed to the prosperity and success of the region. The firm’s areas of...
Sullivan & Cromwell
Central, Hong Kong

Founded in 1992
5,000 people in their team
Chinese
English
Established in 1992, Sullivan & Cromwell’s Hong Kong office serves as a strategic point for significant transactions that involve Greater China and Asia Pacific companies or assets. The Firm also advises clients on significant cross-border transactions in the rest of Asia and elsewhere in the...
To Wai Keung
Central, Hong Kong

Founded in 1985
50 people in their team
Chinese
English
About Us"W. K. To & Co's 'competency level is above other leading firms in the region'."  - Legal 500 Founded in 1985, W. K. To & Co. is a leading full-service independent law firm in Hong Kong, advising some of the largest local and international corporations with business...
Tony Kan & Co
Central, Hong Kong

Founded in 1984
16 people in their team
Chinese
English
About usFounded in 1984, Tony Kan & Co. is one of Hong Kong's established law firms providing a comprehensive range of professional legal services to our Clients.The Partners of our firm are well experienced in legal services, some of them had worked in senior positions in the Department of...
Ashurst
Central, Hong Kong

Founded in 2005
50 people in their team
Chinese
English
Ashurst Dubai OfficeFounded in 2005, our Dubai office acts as our regional hub in the Middle East with specialist knowledge of booming markets in all of the GCC states and many other key MENA states including Jordan and Egypt. With a history of over 100 years working in the Middle East, our Dubai...
CLM Lawyers
Central, Hong Kong

Founded in 2000
50 people in their team
Chinese
English
About CLM Lawyers CLM Lawyers is an independent law firm that provides wide range of services to our clients. We believe our clients are our highest priority. Our team has in-depth experience in various industries and is committed to deliver flexible solutions to clients of different...
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About Funds & Asset Management Law in Central, Hong Kong

Funds and asset management play a crucial role in Central, Hong Kong, a major financial center in Asia. This field involves the professional management of different securities and assets such as stocks, bonds, real estate, and other investment vehicles. The area is highly regulated to ensure investor protection, market integrity, and compliance with international standards. Asset managers, hedge funds, private equity funds, and other investment professionals all operate under a robust legal framework that enables efficient fund raising and asset management while mitigating risks such as fraud, financial crime, and market abuse.

Why You May Need a Lawyer

Legal advice is often necessary in the funds and asset management sector for both individuals and institutions. Situations where a lawyer may be needed include:

  • Establishing or structuring a new investment fund or asset management company
  • Ensuring regulatory compliance with the Securities and Futures Commission (SFC) rules and requirements
  • Drafting and reviewing fund offering documents, agreements, and disclosures
  • Assisting in licensing and registration applications for fund managers or distributors
  • Conducting due diligence for mergers, acquisitions, or partnerships involving funds
  • Addressing disputes between investors and managers, or among partners
  • Managing ongoing reporting, anti-money laundering (AML), and know-your-client (KYC) obligations
  • Navigating cross-border investment and taxation considerations
  • Handling winding up or restructuring of funds
  • Managing investigations or enforcement actions by financial regulators

Local Laws Overview

Funds and asset management in Central, Hong Kong are principally governed by the Securities and Futures Ordinance (SFO) and are regulated by the Hong Kong Securities and Futures Commission (SFC). Key aspects include:

  • Licensing Requirements - Any individual or company carrying out regulated activities such as asset management must be licensed by the SFC.
  • Types of Funds - Hong Kong supports a variety of fund structures including unit trusts, mutual funds, open-ended fund companies (OFCs), private funds, hedge funds, and real estate investment trusts (REITs).
  • Offering Documentation - Detailed offering documents must be prepared and, in many cases, approved by the SFC, particularly for retail funds.
  • Ongoing Obligations - Managers and funds must comply with ongoing reporting, compliance, and disclosure obligations to protect investors and maintain market integrity.
  • AML and KYC - Strict anti-money laundering and counter-terrorist financing obligations apply.
  • Cross-Border Issues - There are specific rules for funds marketed to Mainland China investors or distributed across Asia, including under the Mutual Recognition of Funds (MRF) program.
  • Investor Protection - The legal framework includes various safeguards to protect both retail and professional investors.
  • Taxation - Hong Kong offers an attractive tax environment for funds, but stamp duty and profits tax requirements may still apply in certain cases.

Frequently Asked Questions

What is required to set up an investment fund in Central, Hong Kong?

To set up an investment fund, you need to decide on the fund structure, prepare offering documents, and, depending on the type of fund, obtain SFC authorization or registration. An asset manager must usually be licensed. Legal advice is recommended to ensure compliance.

Who regulates funds and asset managers in Hong Kong?

The Hong Kong Securities and Futures Commission (SFC) is the primary regulator overseeing funds, asset managers, and related activities under the Securities and Futures Ordinance.

Can foreign investors or managers participate in Hong Kong funds?

Yes, both foreign investors and foreign fund managers frequently participate. However, all entities must adhere to local licensing and regulatory requirements.

What are the main legal risks for fund managers?

Major risks include non-compliance with licensing conditions, failure to meet ongoing compliance requirements, breach of fiduciary duties, and violations relating to AML or investor protection.

Do all investment funds need SFC approval?

Retail funds offered to the public require SFC authorization. Many private funds intended for professional investors can be established without prior SFC approval but must still comply with relevant laws.

What legal documents are needed to set up a fund?

Common required documents include the fund’s constitutive documents, offering memorandum or prospectus, management agreement, subscription documents, and compliance manuals.

What is the difference between a retail fund and a private fund?

A retail fund is offered to the general public and faces stricter regulatory oversight. A private fund is only offered to professional or institutional investors and is subject to lighter regulation.

Are there restrictions on how funds are marketed in Hong Kong?

Yes. Fund marketing is strictly regulated, particularly for retail investors. Only authorized or registered professionals may promote funds, and offering materials must meet legal standards.

What should investors look for when investing in a Hong Kong fund?

Investors should review licensing status, offering documents, risk disclosures, historical performance, governance structure, and fee arrangements. Independent legal or financial advice is recommended.

How can I resolve a dispute with a fund manager in Central, Hong Kong?

Disputes can be resolved through negotiation, mediation, arbitration, or legal proceedings. Regulatory complaints can also be lodged with the SFC, but legal counsel should be sought to determine the best course of action.

Additional Resources

Several organizations and resources can provide helpful information and support for those seeking legal advice in funds and asset management:

  • Securities and Futures Commission (SFC) - The primary financial regulator in Hong Kong responsible for licensing, regulation, and investor protection
  • Hong Kong Monetary Authority (HKMA) - Supervises the banking sector and monitors systemic risks in the financial market
  • Hong Kong Investment Funds Association (HKIFA) - Industry body for fund managers and service providers
  • The Law Society of Hong Kong - Referral service for finding qualified lawyers in funds and asset management law
  • InvestHK - Government department providing support and information for investors and fund management companies
  • Companies Registry - Handles incorporation and regulatory filings for fund structures and asset managers

Next Steps

If you require legal assistance in funds and asset management in Central, Hong Kong, consider the following steps:

  • Clearly define your objectives and gather essential information and documents related to your case or query
  • Contact a qualified lawyer or law firm specializing in funds and asset management in Hong Kong
  • Arrange an initial consultation to discuss your situation and obtain preliminary legal advice
  • Prepare questions for your lawyer regarding compliance, strategy, timelines, and costs
  • Follow your lawyer’s recommendations regarding further action, documentation, and dealings with regulators
  • Stay updated on changes in relevant laws and regulations to maintain compliance and protect your interests

Seeking experienced legal professionals can help ensure your funds and asset management activities in Central, Hong Kong are set up for success and fully compliant with the law.

Lawzana helps you find the best lawyers and law firms in Central through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Funds & Asset Management, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Central, Hong Kong - quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.