Circular to Licensed Corporations - Asset and Wealth Management Activities Survey 2020

1. Background

As an annual exercise to collect information on asset and wealth management activities in Hong Kong for regulatory and market facilitation purposes and to develop a better understanding of the state of the asset and wealth management industry in Hong Kong, the Securities and Futures Commission (the “SFO”) has now commenced the Asset and Wealth Management Activities Survey 2020 (the “AWMAS”).

2. Relevant Entity

For those licensed corporations during the year of 2020 which had had gross operating income derived from:

1) asset management,

2) giving advice on funds / portfolios, and / or

3) private banking / private wealth management, please complete the whole questionnaire.

If your corporation did not engage in any of the activities covered in the survey throughout the year, please still fill in the part of General Information in the questionnaire.

3. Deadline

Please complete the questionnaire through the online submission system on or before 16 April 2021, as SFO published on its official website, while failure to fill out the questionnaire will not result to certain punishment. The questionnaire[1] can be accessed at https://wings.sfc.hk/awmas/#/en/.

If you have any questions relating to the foregoing and would like to discuss further, please reach out to the contact listed here.

[1] Please see the preview version in the attachment for reference.