Investment Fund Market Guide - Hong Kong
Key features (Register market)
Settlement free of payment
Settlement against payment
Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus.
Restrictions on customer
Restrictions on settlement
Market type / link type (Settlement link)
Register market and CSD link
|Eligible fund types / legal forms in CBL|
Register market: Mutual funds in the form of unit trust and open-ended fund company. Private equity funds in the form of a limited partnership structure. Hedge funds in the form of unit trust, open-ended fund company or limited partnership or limited partnership fund structure.
CSD linka: CSD eligible closed-ended funds and ETFs only
a. Please refer to the Market Link Guide – Hong Kong for more details on funds on CSD link.
Eligible fund types in CBL
Investment funds that are established in the following forms are eligible in CBL:
- Mutual funds (i.e. collective investment schemes which are typically open-ended retail funds) established in Hong Kong are typically in the form of a unit trust, but can also be in the form of an open-ended fund company. Mutual funds which are to be offered to the public must be authorized by the Securities and Futures Commission.
- Private equity funds are typically established in the form of a limited partnership structure.
- Hedge funds may be established as a unit trust or an open-ended fund company or in the form of a limited partnership or limited partnership fund structure.
(Please refer to the Market Link Guide – Hong Kong for more information.)
Exchange Traded Funds (ETFs) – Listed ETFs have the same settlement process as listed equities.