Reinforcing Hong Kong Auditors and Company Secretaries’ Knowledge of the Open-ended Fund Companies Regime (Professional Services Advancement Support Scheme of the Government of the HKSAR)

Hong Kong is an international sale and distribution centre for funds and one of the largest asset management centres in Asia. The introduction of the OFC regime is the Securities and Futures Commission (SFC)’s initiative to enhance the financial market infrastructure to further develop Hong Kong as a full-service international asset management centre and a preferred fund domicile.

The OFC regime, as well as the Limited Partnership Fund regime, could be an incentive for many funds to domicile in Hong Kong instead of other jurisdictions. A full range of professional support for the management and operation would be required for all these HK domiciled funds.

Organised by Dashun Foundation, this Project is funded by the Professional Services Advancement Support Scheme of the Government of the Hong Kong Special Administrative Region and consists of two webinars organized for the Professionals in the financial field to better equip market practitioners with the up-to-date market knowledge and the skills for promoting Hong Kong as a preferred fund domicile (https://www.pass.gov.hk/en/list_of_funded_projects/ps194004.html). The webinars were successfully held on 23 September 2021 (Thu) and 25 November 2021 (Thu) respectively.

Any opinions, findings, conclusions or recommendations expressed in this material/any event organised under this project do not reflect the views of the Government of the Hong Kong Special Administrative Region or the Vetting Committee of the Professional Services Advancement Support Scheme.