Tian Yuan Law Firm LLP (“Tian Yuan Hong Kong”) assisted Creekfront Capital Limited in successfully setting up an OFC fund in Hong Kong, which mainly invests in China’s offshore bond market. Creekfront Capital Limited holds Type 4 (providing advice on securities) and Type 9 (providing asset management) financial licenses approved by the Hong Kong Securities and Futures Commission.

The work completed by Tian Yuan Hong Kong in this project includes but is not limited to assisting the client in designing the transaction framework for the establishment of the OFC fund, providing legal analysis and advice on the legal structure, drafting and revising the fund transaction terms list, drafting and revising the OFC incorporation documents, fund-related transaction documents, investment management agreements, private placement memorandums and other fund documents involved in this project, assisting in reviewing the qualifications and conditions of OFC directors, investment managers and custodians, preparing application forms, assisting the client in communicating with various intermediaries, government departments, etc., coordinating the registration and establishment of the fund, coordinating the client's application for OFC fund subsidies, etc.

The full name of OFC fund is Open-ended Fund Company. As a form of fund company that needs to be approved by the Hong Kong Securities and Futures Commission, it has the advantages of being only subject to the jurisdiction of Hong Kong, having a high degree of freedom in capital flow, greater flexibility in subscription and redemption, a variety of forms and structures, and a high degree of international recognition.

Tian Yuan Hong Kong adheres to the philosophy of professionalism, dedication and diligence, and always provides clients with high-quality and efficient legal services . It can also provide clients with full advice on special and important matters that need to be paid attention to in the establishment of OFC funds.