Appleby Advises Leading PRC Financial Institution On Cayman Islands Fund Establishment And Listing.
Appleby is pleased to announce its role as Cayman Islands counsel and listing agent for a leading commercial bank and one of the top ten fund managers in the People’s Republic of China (PRC). The Hong Kong funds team provided comprehensive legal advice in the establishment of an open-ended fund, structured as a Cayman Islands Segregated Portfolio Company (SPC), and successfully facilitated its listing on the Cayman Islands Stock Exchange (CSX).
As part of its advisory role, Appleby provided strategic legal guidance on fund structuring and regulatory compliance, overseeing the mutual fund registration process under section 4(3) of the Mutual Funds Act. The fund secured approximately USD $400 million in investments, designed to achieve long-term capital appreciation while delivering stable income distributions to investors. Its investment strategy follows a hold-to-maturity approach in debt securities outside the PRC, ensuring consistent returns and asset security.
The transaction was led by Hong Kong Partner, Eason Huang and supported by Counsel, Freya Xu.
“We are honored to have supported our client in establishing and listing this landmark fund, strengthening its international presence and creating new investment opportunities,” said Eason Huang, Partner at Appleby’s Hong Kong office.
Appleby’s Hong Kong Investment Funds team provides clear, practical, and timely guidance on a wide range of investment fund structures and ongoing operational needs. By seamlessly integrating legal and administrative support, we ensure our services effectively meet the diverse requirements of clients across multiple jurisdictions within the Asia time zone.
