Notice: Some of our services are exclusively available to Professional Investors as defined under the Securities and Futures Ordinance (Cap. 571) of Hong Kong. If you do not qualify as a Professional Investor, please refrain from accessing restricted services.
Pursuant to the Recognition of Trusts Ordinance (Cap 76), Article 2 of the Schedule, the term “trust” refers to the legal relationship created-inter vivos or on death-by a person, the settlor, when assets have been placed under the control of a trustee for the benefit of a beneficiary or for a specified purpose.
From the application of common law and equitable principles, the legal title of assets vested under a trust (subject to certain timeline constraints) will no longer be in the name of the original contributor but be transferred to the trustee. Hence, personal creditors of the settlor or claimants under matrimonial, family feudal or other civil litigation will not have recourse to such assets under the trust.
*If the credit card balance cannot be directly deducted from specific trust assets, daily interest will be incurred at 0.05%-0.25%. If the credit card has not been used for minimum required times, an annual fee will be incurred from HKD 800 to 2300 (depending on the card level). Credit card transaction settlement only accepts HKD settlement. Credit cards are approved based on customers' fixed assets and credit history.
