Fund Administration Essentials Training Series - Fund Structures & Legal Vehicles in Hong Kong (The training course is currently in session. Registration is now closed. Please check back for an upcoming announcement regarding the next start date)
About the Course
Course Description : This course provides a clear and systematic understanding of how funds are legally constituted and structured in the Hong Kong market. Participants will gain the ability to accurately identify, describe, and differentiate between the core legal and structural components of any fund domiciled or marketed in Hong Kong. By examining the key features and regulatory frameworks of various fund vehicles, attendees will develop the competence to analyze and compare fund structures with confidence
Audience: This course is designed for professionals in the funds or related financial services industry who currently lack a foundational understanding of fund legal structures. It is also highly suitable for new hires and cross-functional staff who need to get up to speed quickly and build essential technical knowledge from the ground up, as well as full-time university students seeking to enter the funds sector
Duration: 2.5 -Hour Intensive class
Course Fee : HK$2,500 (Includes coffee, tea, and light pastries served 30 minutes before class, allowing participants to warm up and connect with peers and instructors prior to the start)
Course Material – Hard Copy Only (no softcopy)
Discount : AFA members - 15% off, members of AFA’s partner associations - 10% off, Alumni of HKU Space Fund Administration - 10% off, full-time students – 30% off
Lecturer : Raymond Chung
Date/Time : 28Apr2026 (Tue), 7:30pm – 10:00pm (7:00pm – 7:30pm light refreshment warm-up session)
Application Deadline : 24Apr (Fri) 5pm
Venue : 11/F, V-Point, 18 Tang Lung Street, Causeway Bay, Hong Kong
Language: The course is taught primarily in English, with Cantonese used as a supplementary language when needed
Class size: A minimum of 5 participants is required to start the course, and the maximum capacity is 10 participants per session
Curriculum :
• Hong Kong Fund Industry Overview
• Fundamentals: What is a Fund? CIS, legal structure, capital structure, fund structure and fund jurisdiction
• Hong Kong Legal Vehicles Introduction:
o Unit Trust
o Open-ended Fund Company (OFC)
o Limited Partnership Fund (LPF)
• Fund Capital Structures
• Fund Structures
o Standalone vs. Umbrella Structures
o Master/Feeder Frameworks
o Understanding Share Classes
• Fund Jurisdiction
• Fund Types & Their Characteristics Overview:
• Retail Funds & MPF
• Fund of Funds
• ETFs & REITs
• Hedge Funds, Private Equity, & Fund of Funds
• Performance fee for Hedge and Private Equity Fund
• Waterfall model for Private Equity Fund
Certificate: Upon completion, participants will receive a "Certificate of Attendance" officially issued by AFA.
Your Lecturers
Raymond Chung
Principal Lecturer
Expertise in:
• Next-Generation Fund Solutions: Translating blockchain, tokenization (RWA), and digital asset innovation into operational reality.
• Strategic Complex Sales: Architecting and winning multi-million-dollar, multi-jurisdictional deals in securities services and fund administration.
• Transformational Execution: Leading large-scale system, digitalization, and operational change projects from vision to ROI.
• Regulatory & Market Insight: Deep expertise in the Greater China (HK & China) fund ecosystem and global securities markets, with a direct line to regulatory dialogue.
Company Experience
• HSBC Securities Services
• HSBC Asset Management
• Nomura International
• UBS
Qualification
• MBA
• MSc
• BBUS
Professional Membership
• Fellow Member of the Hong Kong Securities and Investment Institute
• The Association of Fund Administrators of Hong Kong and Greater Bay Area
- General Manager
- Co-Chair of Technical & Regulatory Sub-Committee
Training Engagements – A Trusted Voice
Hong Kong
• Executive Certificate Course on Fund Administration and Regulatory Compliance – jointly organized by HKU Space and the Association of Fund Administration Hong Kong and the Greater Bay Aare
• Corporate Accounting to Fund Accounting workshop – HKU Space
• Virtual Asset Fund Administration workshop – HKU Space
• CPT lecturer for the Hong Kong Securities Association on “從基金行政管理角度看基金代幣化”
Shanghai and Shenzhen – delivered tailored training for leading financial institutions in China
• KPMG (Beijing/Shanghai/Shenzhen) - Global Custody and Sub-Custody Overview
• China Merchants Bank (Shenzhen) – RFP Overview and Best Practices
• Guotai Junan (国泰君安) Shanghai – RFP Overview and Best Practices
• Everbright Securities (光大证券) Shanghai - RFP Overview and Best Practices
HSBC – Global implementation to design and deliver on-site training on custody and fund administration digital portal across 15+ Asia Pacific and Middle East markets (Beijing/ Shanghai/ Guangzhou/ Hong Kong/ Taipei/ Singapore/ Kuala Lumpur/ Jakarta/ Ho Chi Minh/ Mumbai/ Bangalore/ Bangkok/ Tokyo/ Manila/ Dubai)
