The Securities and Futures Commission (“SFC”) has imposed certain rules and restrictions in dealing with investors in Hong Kong. Generally, an investor will be covered by certain requirements and protections under the Securities and Futures Ordinance (CAP 571D) (“SFO”), which, however, will be relaxed if a customer is categorized as a Professional Investor as defined by the SFO.
“Professional Investor” is defined under the SFO.
You are regarded as a Professional Investor in Hong Kong if you are:-
1.an individual having a portfolio of liquid assets (including but not limited to cash, deposits, securities) more than HKD 8 million at the relevant date. The portfolio provided may be in the form of: -
a portfolio of your own account;
a portfolio on a joint account with the your spouse or child(ren);
your share of a portfolio on a joint account with one or more persons other than the your spouse or child(ren) where a written agreement is provided;
a portfolio of a corporation which, at the relevant date, has its principal business the holding of investments and is wholly owned by the individual.
4.2 a corporation which, at the relevant date, has as its principal business the holding of investments and is wholly owned by any one or more of the persons falling within the definition of professional investors mentioned above, or wholly owns a corporation referred to above.