TERMS AND CONDITIONS
Before you continue, please read this important information carefully. By proceeding to access the information contained in this website, you are deemed to represent and warrant that you are a Hong Kong professional investor (as that term is defined below). The information contained in this website has not been approved by the Securities and Futures Commission in Hong Kong. The information contained in this website is provided for information purposes only and does not constitute a distribution, an offer to sell or a solicitation of an offer to buy any security. The information contained in this website should not be considered as an inducement or an invitation to engage in any investment activity. The information contained in this website is not intended for distribution to, or use by, any person who is not a Hong Kong professional investor. Under Schedule 1 of the Hong Kong Securities and Futures Ordinance (Cap 571) (“SFO”), the term "professional investor" (專業投資者 ) is defined as:
(a) any recognized exchange company, recognized clearing house, recognized exchange controller or recognized investor compensation company, or any person authorized to provide automated trading services under section 95(2) of the SFO;
(b) any intermediary, or any other person carrying on the business of the provision of investment services and regulated under the law of any place outside Hong Kong;
(c) any authorized financial institution, or any bank which is not an authorized financial institution but is regulated under the law of any place outside Hong Kong;
(d) any insurer authorized under the Insurance Companies Ordinance (Cap 41), or any other person carrying on insurance business and regulated under the law of any place outside Hong Kong;
(e) any scheme which-
(i) is a collective investment scheme authorized under section 104 of the SFO; or
(ii) is similarly constituted under the law of any place outside Hong Kong and, if it is regulated under the law of such place, is permitted to be operated under the law of such place, or any person by whom any such scheme is operated;
(f) any registered scheme as defined in section 2(1) of the Mandatory Provident Fund Schemes Ordinance (Cap 485), or its constituent fund as defined in section 2 of the Mandatory Provident Fund Schemes (General) Regulation (Cap 485 sub. leg. A), or any person who, in relation to any such registered scheme, is an approved trustee or service provider as defined in section 2(1) of that Ordinance or who is an investment manager of any such registered scheme or constituent fund;
(g) any scheme which-
(i) is a registered scheme as defined in section 2(1) of the Occupational Retirement Schemes Ordinance (Cap 426); or
(ii) is an offshore scheme as defined in section 2(1) of that Ordinance and, if it is regulated under the law of the place in which it is domiciled, is permitted to be operated under the law of such place, or any person who, in relation to any such scheme, is an administrator as defined in section 2(1) of that Ordinance;
(h) any government (other than a municipal government authority), any institution which performs the functions of a central bank, or any multilateral agency;
(i) except for the purposes of Schedule 5 to the SFO, any corporation which is-
(i) a wholly owned subsidiary of-
(A) an intermediary, or any other person carrying on the business of the provision of investment services and regulated under the law of any place outside Hong Kong; or
(B) an authorized financial institution, or any bank which is not an authorized financial institution but is regulated under the law of any place outside Hong Kong;
(ii) a holding company which holds all the issued share capital of-
(A) an intermediary, or any other person carrying on the business of the provision of investment services and regulated under the law of any place outside Hong Kong; or
(B) an authorized financial institution, or any bank which is not an authorized financial institution but is regulated under the law of any place outside Hong Kong; or
(iii) any other wholly owned subsidiary of a holding company referred to in subparagraph (ii). Under the Securities and Futures (Professional Investor) Rules (Cap. 571D), the term "professional investor" (專業投資者 ) is defined as:
(a) a trust corporation with total assets of not less than HK$40 million or its equivalent in any foreign currency;
(b) an individual with a portfolio of not less than HK$8 million or its equivalent in any foreign currency, either alone or with his spouse or child in a joint account;
(c) a corporation or a partnership, with a portfolio of not less than HK$8 million or its equivalent in any foreign currency, or total assets of not less than HK$40 million or its equivalent in any foreign currency; or
(d) a corporation the sole business of which is to hold investments and which is wholly owned, by a trust corporation meeting the requirements of (a) above, an individual meeting the requirements of (b) above, or a corporation or partnership meeting the requirements of (c) above.
By proceeding, you are representing that you have understood and accepted the restrictions set out in this website.