The Securities and Futures Commission (SFC) recently published a circular directed at licensed corporations engaged in asset management and/or giving advice on funds/portfolios.  The circular relates to an annual exercise to collect information on fund management activities in Hong Kong for regulatory and market facilitation purposes and to develop a better understanding of the state of the fund management industry in Hong Kong.  Fund managers are expected to co-operate, as in previous years, by completing and returning the questionnaire on or before 20 March 2017. For further information, please contact Kher Sheng Lee.