Hong Kong Regulations

SECURITIES AND FUTURES (FINANCIAL RESOURCES) RULES - SECT 18

Exclusions from liquid assets

(1) A licensed corporation which operates a branch in a place outside Hong
Kong shall not include in its liquid assets any asset which it is required by
an authority or regulatory organization in, or under the law of, that place,
to maintain in that place in order for the branch to obtain or maintain a
licence, registration, membership or authorization to carry on an activity
which, if carried on in Hong Kong, would constitute a regulated activity.

(2) A licensed corporation shall not include in its liquid assets-

   (a)  any asset that is an amount of a currency that is subject to exchange
        control; or

   (b)  any assets the proceeds of which upon realization are not freely
        remittable to Hong Kong, unless the licensed corporation reasonably
        believes that approval for the remittance of such currency or proceeds
        to Hong Kong can be obtained from the relevant authority within one
        week of application by it for such approval.