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Hong Kong proposes new corporate fund structure which would be recognised overseas18 June 2018 / AsiaThe SFC has taken a significant step in promoting Hong Kong as a global asset management hub by proposing new rules for a Hong Kong domiciled corporate fund structure. Currently the only fund structure possible in Hong Kong is a unit trust. The proposed changes are set out in the SFC consultation conclusion on Securities and Futures (Open-ended Fund Companies) Rules (OFC Rules) and Code on Open-ended Fund Companies (OFC Code) which was issued on 18th May 2018.
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