
H.E. Justin Sun 🍌|Apr 03, 2025 04:30
Chen Zhenying: Investors must carefully investigate the company's background
Legislative Council member of the financial sector, Chan Chun ying, explained that trusts in mainland China mainly invest in wealth management products or manage wealth through banks, while trust companies in Hong Kong assist clients in handling entrusted assets. If the business involves mandatory provident fund, it is managed by the Mandatory Provident Fund Authority, if it involves insurance, it is managed by the Insurance Regulatory Commission, and if it is entrusted to trust companies for management, there is a chance that none of the four major regulatory agencies in Hong Kong have the authority to manage it. He called on investors to carefully investigate the background of the company.
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