Support for SMEs
Government Funding Schemes
Grant Scheme for Open-ended Fund Companies and Real Estate Investment Trusts
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Objective
To provide funding support for open-ended fund companies (OFCs) set up in or re-domiciled to Hong Kong and real estate investment trusts (REITs) listed in Hong Kong to pay for eligible expenses charged by Hong Kong-based professional service providers.
Details
The scheme covers 70% of eligible expenses paid to Hong Kong-based service providers, subject to a cap of HKD$1,000,000 per publicly offered OFC, HKD$500,000 per privately offered OFC and HKD$8,000,000 per REIT.
Eligibility and Requirement
- Investment managers who have successfully incorporated an OFC or re-domiciled a non-Hong Kong fund corporation in Hong Kong as an OFC on or after 10 May 2021; or
- Securities and Futures Commission (SFC)-authorised REITs listed on the Stock Exchange of Hong Kong Limited (SEHK) on or after 10 May 2021 with a minimum market capitalisation of $1.5 billion (or equivalent) at the time of listing
Application Procedure
- The scheme accepts applications from 10 May 2024 until 9 May 2027.
- Applicants are welcome to consult the SFC about their eligibility before making an application by emailing to grantscheme@sfc.hk or contacting the relevant case officers in charge.
Implementation Agent
Securities and Futures Commission
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