Grant Scheme for Open-ended Fund Companies and Real Estate Investment Trusts

The Grant Scheme for Open-ended Fund Companies (OFCs) and Real Estate Investment Trusts (REITs) in Hong Kong is administered by the Securities and Futures Commission (SFC) and funded by the Hong Kong Special Administrative Region Government. It aims to support the establishment of qualified OFCs and REITs in Hong Kong by providing financial subsidies.

Objectives:

• To promote the development of the OFC and REIT markets in Hong Kong.
• To encourage fund managers and sponsors to set up OFCs or list REITs in Hong Kong.
• To enhance Hong Kong’s position as an international asset management center.

Target Beneficiaries:

• Qualified open-ended fund companies incorporated or re-domiciled in Hong Kong.
• Real estate investment trusts listed in Hong Kong.
• Applicants must incur eligible expenses paid to Hong Kong-based service providers related to incorporation, re-domiciliation of OFCs, or listing of REITs.

Key Features:

• The scheme covers eligible expenses such as fees paid to Hong Kong-based service providers for incorporation, re-domiciliation, or listing.
• It was initially launched on 10 May 2021 for three years and has been extended for another three years, accepting applications from 10 May 2024 to 9 May 2027.
• Applicants can consult the SFC about eligibility before applying.
• The scheme supports both new OFCs and REITs as well as those re-domiciling to Hong Kong.

Application Process:

• Interested parties should submit an application form to the SFC.
• Applicants are encouraged to confirm their intention to apply and consult with the SFC for eligibility.
• Applications must include documentation of eligible expenses paid to Hong Kong-based service providers.
• The SFC reviews applications and disburses grants according to the scheme’s terms and conditions.

For detailed terms, application forms, and FAQs, applicants can refer to the SFC official webpage or contact grantscheme@sfc.hk.