Professional Investor

In Hong Kong, the Securities and Futures (Professional Investor) Rules define PIs as individuals with a portfolio of not less than HK$8 million, when any one or more of the following are taken into account:

(i) a portfolio on the individual’s own account;

(ii) a portfolio on a joint account with the individual’s associate (being, your spouse and children);

(iii) the individual’s share of a portfolio on a joint account with one or more persons other than the individual’s associate, which is:

• the individual’s share of the portfolio as specified in a written agreement among the account holders; or
• the absence of an agreement, an equal share of the portfolio; and

(iv) a portfolio of a corporation which, at the relevant date, has as its principal business the holding of investments and is wholly owned by the individual.

The portfolio may consist of assets such as investments (including stocks, bonds, mutual funds, equity-linked investment and more) based on market value, certificates of deposits (CDs), cash or cash equivalent deposits.