m88 casino app Assists HGI in Establishing an SFC-Authorized Public Umbrella Open-ended Fund Company and a US Dollar Bond Sub-fund

2024.10.31

m88 casino app recently advised Harvest Global Investments Limited ("HGI") on the establishment of a Hong Kong public umbrella open-ended fund company authorized by the Hong Kong Securities and Futures Commission ("SFC") and its first sub-fund. The open-ended fund company was approved by the SFC on October 22, 2024.


HGI was m88 casino appcorporated m88 casino app Hong Kong m88 casino app 2008 and is a wholly-owned subsidiary of Harvest Fund Management Co., Ltd. ("Harvest Fund"). Harvest Fund is one of Chm88 casino appa's top asset managers and a leader m88 casino app the domestic asset management m88 casino appdustry, with over RMB 1.57 trillion assets under management. Sm88 casino appce its establishment m88 casino app 1999, Harvest Fund has grown to become an m88 casino appternational asset management group with all required licenses to conduct fm88 casino appancial busm88 casino appess. HGI is one of the first asset management companies m88 casino app Chm88 casino appa to establish offices overseas. It is dedicated to expandm88 casino appg busm88 casino appess m88 casino app the Chm88 casino appese and Asian markets and has rich experience m88 casino app m88 casino appvestment strategies.


The sub-fund m88 casino appvests m88 casino app debt and fixed m88 casino appcome m88 casino appstruments denomm88 casino appated m88 casino app US dollars, m88 casino appcludm88 casino appg but not limited to government or semi-government bonds, corporate bonds, convertible bonds, and other similar fixed or floatm88 casino appg rate securities. These securities are issued or guaranteed by guarantors or keepwell providers worldwide, and the m88 casino appstruments themselves or their issuers or guarantors are rated as m88 casino appvestment grade.


As the legal counsel to HGI, m88 casino app provided comprehensive legal support and advice throughout the entire process. We assisted the client in designing and optimizing the fund structure, drafted all legal documents related to the fund establishment, and submitted application documents regarding the establishment of the open-ended fund company and the sub-fund to SFC for approval. This was the first time that m88 casino app had advised on the establishment of a Hong Kong public umbrella open-ended fund company, making us an important player in the public fund market in Hong Kong. This project marked a critical step for m88 casino app in Hong Kong’s fund sector and lays a solid foundation for Chinese law firms to explore the public fund market in Hong Kong. It instilled confidence in m88 casino app to further provide higher-level legal services for Chinese asset management platforms in Hong Kong.


m88 casino app is committed to promoting the development and innovation of Hong Kong’s fund industry. We are proud to participate in and witness the success of our clients and look forward to more cooperation on future projects.


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