Hong Kong – June 28 – LAWFUEL – The Law News Network – International law firm Clifford Chance has advised the EMEAP* Group (a group of 11 Asian central banks and monetary authorities) and HSBC Investment Funds (“HSBC”) on the launch of the first Hong Kong dollar bond Exchange Traded Fund in Hong Kong which is authorised by the Securities and Futures Commission and listed on the Stock Exchange of Hong Kong.
The Hong Kong bond fund is also the first of the eight country bond funds to be launched under the US$2 billion Asian Bond Fund 2 initiative developed by the EMEAP Group. The fund will invest in sovereign and quasi-sovereign local currency-denominated bonds issued in Hong Kong.
Clifford Chance acted as sole legal adviser to the EMEAP Group and HSBC. The Clifford Chance team was led by partner Mark Shipman, supported by senior associates Matthias Feldmann and Rodney Cannon (all Hong Kong).
