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SFC grant scheme entices OFCs and REITs to set up in Hong Kong

The Hong Kong Securities and Futures Commission (SFC) has launched a grant scheme to entice qualified open-ended fund companies (OFCs) and real estate investment trusts (REITs) to set up in Hong Kong. The SFC announced on Monday that the Hong Kong government is offering a grant of up to HK$1 million per OFC, covering 70% of eligible expenses paid to…

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