Hong Kong Regulations

MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION,MANDATORY PROVIDENT FUND SCHEMES (GENERAL) REGULATION - SECT 10

What are assets held in Hong Kong for the purposes of this Regulation?

(Past version on 03/08/1999).

Any of the following are assets held in Hong Kong for the purposes of this
Regulation-

   (a)  real property, including a leasehold interest in real property,
        located in Hong Kong;

   (b)  computer equipment, office machinery, furniture, motor vehicles and
        other equipment located in Hong Kong;

   (c)  deposits (in any currency or monetary unit) held with a Hong Kong
        branch of an authorized financial institution;

   (d)  debt securities issued in Hong Kong, but only if they are transferable
        and registrable in a register in Hong Kong and, in the case of debt
        securities that are in the form of certificates, the certificates are
        kept in Hong Kong;

   (e)  debt securities issued outside Hong Kong, but only if their
        certificates are kept in Hong Kong and are transferable by delivery
        (with or without endorsement);

   (f)  negotiable instruments (including bills of exchange within the meaning
        of the Bills of Exchange Ordinance ( Cap 19)) that are kept in Hong
        Kong;

   (g)  shares of a company, wherever incorporated and whether or not a
        company within the meaning of section 2 of the Companies Ordinance (
        Cap  32) or a non-Hong Kong company, being shares that- (30 of 2004 s.
        3)

        (i)    are transferable and registrable only in a register kept in
               Hong Kong; or

        (ii)   are, in the ordinary course of business, transferable and
               registrable in a register kept in Hong Kong and their
               certificates (if any) are kept in Hong Kong;

   (h)  debts that may be enforced only by legal proceedings brought in a Hong
        Kong court;

   (i)  an interest in an authorized unit trust that is realizable in Hong
        Kong, but only if the governing law of the trust is the law of Hong
        Kong.