Setting Up an Asset Management Business in Hong Kong
A practical guide to licensing, fund structures, and digital assets for professionals.
What you'll learn
- Identify the types of regulated activities and licensing requirements under the SFO for asset management businesses
- Explain the key structural features, registration process, and ongoing obligations of Limited Partnership Funds in Hong Kong
- Describe the regulatory framework governing Open-Ended Fund Companies, including director, investment manager, and custodian requirements
- Distinguish between public and private OFC structures and apply general principles of OFC operations
- Outline the key provisions of Hong Kong's Stablecoins Ordinance, including licensing, prohibited activities, and reserve requirements
- Apply knowledge of ongoing compliance obligations including AML, record-keeping, and notification requirements
About this course
Overview
This intermediate-level course provides a comprehensive, practical introduction to establishing an asset management business in Hong Kong. Covering the full spectrum from regulatory licensing requirements under the Securities and Futures Ordinance to the structural mechanics of Limited Partnership Funds (LPFs) and Open-Ended Fund Companies (OFCs), participants will gain the foundational knowledge needed to navigate Hong Kong's sophisticated financial regulatory environment.
What You Will Cover
The course is structured across four key pillars: the SFO licensing regime and ongoing obligations for licensed corporations; the Limited Partnership Fund Ordinance framework, including GP/LP structures, registration, and AML requirements; the OFC regulatory regime for both public and private funds; and an introduction to Hong Kong's emerging stablecoin regulatory framework under the Stablecoins Ordinance. Real-world applications, compliance checklists, and regulatory comparisons are woven throughout.
Who Should Attend
This course is designed for compliance officers, legal and financial professionals, fund managers, and entrepreneurs who are planning to launch or support an asset management operation in Hong Kong. Participants should have a working knowledge of financial services regulation and basic fund concepts before enrolling.
Curriculum · 47 lessons
- 1.
Understanding Types of Regulated Activities Under SFO
1:15.7 - 2.
General Licensing Requirements for Corporations and Individuals
FREE0:51.8 - 3.
Exemptions From Licensing Requirements Under SFO
0:57.2 - 4.
The General Fit and Proper Requirement Criteria
1:05.9 - 5.
Specific Approval Criteria for Licensed Corporations
FREE1:06.8 - 6.
Competence and Authority Requirements for Responsible Officers
1:09.9 - 7.
Relevant Industry Experience for Responsible Officer Applications
FREE1:09.2 - 8.
Licensing Considerations for Family Offices and Private Equity
1:07.3 - 9.
Quiz: Understanding Types of Regulated Activities Under SFO – Licensing Considerations for Family Offices and Private Equity
QUIZ5 questions · requires lessons - 10.
Overview of Ongoing Obligations After Licensing
1:11.6 - 11.
Basic Ongoing Requirements for Licensed Intermediaries
1:34.1 - 12.
Ongoing Notification Requirements for Licensed Persons
1:50.7 - 13.
Continuous Professional Training Requirements for Licensees
1:56.7 - 14.
Regulatory Actions and Consequences of Non-Compliance
1:17.3 - 15.
Legislative Purpose and Strategic Context of LPFs
2:16 - 16.
Understanding the Statutory Definition of a Fund
2:11 - 17.
Exclusions from the Statutory Fund Definition
2:11 - 18.
Quiz: Overview of Ongoing Obligations After Licensing – Exclusions from the Statutory Fund Definition
QUIZ5 questions · requires lessons - 19.
Division 1 Eligibility Requirements for Fund Registration
2:11 - 20.
Application and Registration Procedure Framework
2:08 - 21.
Division 1 Fundamental Operational Characteristics
2:17 - 22.
General Partner Eligibility and Categorization
2:00 - 23.
General Partner Duties and Liability Structure
2:08 - 24.
Limited Partner Rights and Liability Protections
1:59 - 25.
Permitted Activities and Management Safe Harbors
2:05 - 26.
Division 5 Anti Money Laundering Framework
2:09 - 27.
Quiz: Division 1 Eligibility Requirements for Fund Registration – Division 5 Anti Money Laundering Framework
QUIZ5 questions · requires lessons - 28.
Anti Money Laundering and Transaction Documentation
2:02 - 29.
Key Takeaways from the LPF Ordinance Framework
2:10 - 30.
Introduction to the Limited Partnership Fund Ordinance
1:53 - 31.
Understanding the Open-Ended Fund Company Framework
2:18 - 32.
Comprehensive Regulatory Framework for OFCs
2:02 - 33.
Structural Requirements for Public and Private OFCs
2:41 - 34.
Director Qualifications and Independence Standards
2:20 - 35.
Investment Manager Fitness and Operational Duties
2:14 - 36.
Quiz: Anti Money Laundering and Transaction Documentation – Investment Manager Fitness and Operational Duties
QUIZ5 questions · requires lessons - 37.
Custodian Eligibility Standards for Public Private OFCs
2:22 - 38.
General Principles for OFC Operations
2:09 - 39.
General Principle Four Managing Conflicts of Interest
2:09 - 40.
General Principle Five Effective Disclosure Standards
2:01 - 41.
Key Takeaways of the OFC Regulatory Regime
2:11 - 42.
Introduction to the Stablecoins Ordinance
2:00 - 43.
Defining Stablecoins: Five Essential Core Characteristics
1:58 - 44.
Specified Stablecoins and Regulatory Scope
2:02 - 45.
Quiz: Custodian Eligibility Standards for Public Private OFCs – Specified Stablecoins and Regulatory Scope
QUIZ5 questions · requires lessons - 46.
Regulated Stablecoin Activities and Licensing Requirements
2:04 - 47.
Licensing Framework and Connected Stablecoin Activities
1:57 - 48.
Reserve Assets and Redemption Framework for Holders
1:59 - 49.
Section 8: Prohibition on Unauthorized Regulated Stablecoin Activity
2:03 - 50.
Section 9: Prohibition on Offering Specified Stablecoins
2:10 - 51.
Part 2 Overview: Regulation of Specified Stablecoin Activities
2:03 - 52.
Integration with Hong Kong's Financial Regulatory Architecture
2:07 - 53.
Quiz: Regulated Stablecoin Activities and Licensing Requirements – Integration with Hong Kong's Financial Regulatory Architecture
QUIZ5 questions · requires lessons
Requirements
- Basic understanding of Hong Kong's financial services regulatory environment
- Familiarity with fund or investment management concepts at an introductory level
- Recommended: completion of an introductory course on SFO licensing or financial regulation in Hong Kong
Certificate of Completion
Complete this course to earn a verifiable Certificate of Completion for your CPT training record. Here's how:
- 1Watch all the lessons — work through every lesson in the curriculum. Each completed lesson brings your progress closer to 100%.
- 2Pass all the quizzes — score 70% or higher in each quiz within the course. Quizzes are part of the curriculum and must be passed to finish.
- 3Download your certificate — once you reach 100% progress, download a personalised Certificate of Completion showing your name, the CPT hours earned, and your quiz score.
Sample certificate:
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