Hong Kong funds must appoint a responsible person to perform AML/CFT functions.

• Private equity and venture capital funds
• Hedge funds
• Real estate
• Digital assets

Investment funds in Hong Kong can also be established as a corporate fund, mainly as an open-ended fund company or as
a limited partnership fund (“LPF”). Corporate funds are popular with international investors because of their familiarity and
the abundance of service providers available in the jurisdiction.

A unit trust is a collective investment scheme constituted under a trust deed. In this fund structure, investors (also called
unit holders) pool their assets, which are then held by the trustee and professionally managed by an independent
investment manager.

There are no requirements to file the fund’s prospectus or marketing materials with the SFC.

AIFs in Hong Kong are primarily structured as limited partnerships (e.g., Hong Kong LPF and Cayman exempted limited
partnerships) or corporates (e.g., Hong Kong OFC, Cayman exempted limited companies and segregated portfolio
companies).

• Unit trusts
• Corporate funds
• Alternative investment funds

The Securities and Futures Commission (SFC) is the principal regulatory body for all funds managed from and offered to
the public in Hong Kong.

Hong Kong does not impose withholding tax on dividends and interests, capital gains tax, sales tax, consumption tax and
value-added tax.

Some of the advantages of setting up investment funds in Hong Kong include:

• Pro-investment environment
• Competitive tax regime
• International connectivity