11 www.irishfunds.ie

22 August 2016

Hong Kong Seminar

Hosted by:

www.irishfunds.ie

Mr. Pat Lardner

Chief Executive, Irish Funds

Welcome remarks

Who/what we are….

• industry association for all aspects of regulated cross border funds

in Ireland

– representative function

– promotional function

• 113 member firms, located both in and outside Ireland

• key link to the authorities & policy makers in Ireland and beyond

• the industry’s representative in Europe and globally

• a platform for collaboration, information sharing and driving

outcomes & improvement

The Irish funds industry

• supports managers from all over the world

• full range of services for Irish domiciled

funds as well as providing expert services

for funds domiciled outside of Ireland

• solutions are provided to managers

across the full spectrum of investment

strategies

Fund Manager

Irish Administered

Funds

Irish Domiciled Funds

UCITS

AIFs

Non Domiciled Funds

www.irishfunds.ie

Long track record of delivery

Total Assets under Administration, Euro billions

Source: Central Bank of Ireland and Irish Funds

www.irishfunds.ie

Scale, Diversity and Momentum to support you

Irish Domiciled Funds – Product BreakdownEuro billions

Source: Central Bank of Ireland and Irish Funds

Brexit: Beyond the Referendum on EU Membership

Mr. Pat Lardner

Chief Executive, Irish Funds

www.irishfunds.ie

Managers’ needs pre/post vote have not changed

Objective to grow/scale their businesses cross-border by

accessing passports for products and services

Effective EU based national regulatory and taxation regimes are

vital enablers

Expert knowledge/skills across a range of providers covering the

full breadth of investment strategies/asset classes very

important

Being able to conduct business efficiently is expected

(language, legal system, service culture, cost)

Ireland has done this very successfully for over 20 years

www.irishfunds.ie

Why Ireland?

Distribution and investor support

Source: Lipper, PwC & Irish Funds, 2015

• broad mix of institutional and retail clients

• 30 languages supported

• 23 currencies supported

Global Distribution of Irish Funds: 70 countries

24%

22%

20%

18%

17%

United Kingdom Germany

France Switzerland

Netherlands

Sales Registration: Top 5 Markets for Irish UCITS

Source: Lipper, PwC & Irish Funds, 2015

www.irishfunds.ie

UK Referendum & “Brexit”

• The outcome was a surprise to most

• Things which are certain/clear:• Ireland remains a committed member of the EU

• Irish domiciled funds’ access to the EU single market unchanged

• UK remains a member of the EU for the foreseeable future

• Big questions to which there are not yet clear answers• UK’s status at the end of the process?

• When will the process start?

• How long will the process last?

• Questions we are being asked by managers - how can they work with

Ireland to retain access to the EU in providing?:• Direct portfolio management services

• Funds

• Our members are helping managers and providing solutions

www.irishfunds.ie

Assumption risk

Assumption/

Noise

Reality Impact

Pre

Referendum

Will be close but UK will

vote to remain in

Narrow vote to leave Most entities

unprepared

Post

Referendum

Article 50 notification

will happen very quickly

Seems to be moving

further away

Pre-exit period will

be very lengthy

Passports and access

remain unchanged until

the UK actually leaves

so little to do right now

Depends on strategies

you manage/delivery

mechanisms/target

market(s), your

business model

and what clients want

Staying informed

important to know

where you need to act

now and to minimise

future assumption risk

UK won’t implement EU

regulations going

forward

Still full EU members

and part of ESMA

Equivalence as a 3rd

Country highly relevant

Too early to tell

www.irishfunds.ie

Key Focus Areas

• UCITS

– Product based passport linked to EU domicile

– No equivalence or 3rd Country rules

– Pre-existing routes remain open to Asian managers

• AIFMD

– Two passports (management & marketing) – linked to manager

– Passport (EU AIFMs) & Private Placement (NonEU AIFMs) co-exist at present

– 3rd Country access, equivalence still a work-in-progress which complicates matters

• MiFID

– Passporting rights attach to EU based firms

– Which services/clients are UK based MiFID entity working with?

– MiFID2 on the way – again take care

www.irishfunds.ie

Our activity since the vote

• Engage with Irish government, regulator, agencies

– Funds industry high on the agenda

– Ireland ready and able to provide help to those who need it

• Alongside our 38 Working Groups we are breaking the “big” question into a

number of smaller ones

– Identifying/working through positions which may arise in the negotiations

– Develop specific communication and information aids

– Engage with EU colleagues

• Meeting with our members / handling inbound enquiry

• Speak to other stakeholders / peers

– Listening & acting responsibly

• Ensure we can assist managers irrespective of their starting point

www.irishfunds.ie

Some things we are seeing post the vote/more recently

• Management Companies (ManCos)

– UCITS: interest in establishing Irish UCITS ManCos to ensure EU

access continues irrespective of outcome (product holds the passport)

– AIFMs: UK AIFMs looking to preserve EU marketing access considering

establishing an Irish AIFM, appointing an Irish AIFM or using a platform

• European clients/segregated mandate solutions under MiFID

– a potential question where EU based client wants to contract with an EU

based provider of services

• Offerings aimed at pension fund investors in multiple jurisdictions

– Preserving tax transparency important - more inbound enquiry on the

Irish Common Contractual Fund (CCF)

– Irish CCF Master/Local Feeders in both EU and non-EU markets

• Solvency II related

– More onerous liquidity requirements impacts how collateral provided

– Can funds/fund units play a part?

www.irishfunds.ie

Irish Domiciled Funds: AIFsQualifying Investor Alternative Investment Funds (QIAIFs)

QIAIFs Net Assets and Number of Funds

Source: Central Bank of Ireland

www.irishfunds.ie

Other local developments……….

• Updating of Ireland’s Investment Limited Partnership Legislation

• Approved by Irish Government / legislation being worked on at present

• Will provide additional scope for private equity and real asset funds

• ESMA advice on possible extension of the AIFMD passport

• published on 19 July 2016

• no significant obstacles impeding application of the AIFMD passport to

Hong Kong

• will now be considered by the European Commission, Parliament and

Council

• EU Capital Markets Union

• Call for evidence submissions completed in January 2016

• We have subsequently met with the European Commission

• Project will continue despite UK position

www.irishfunds.ie

What does the industry in Ireland provide?

• EU Single Market Access: product & service passports

• Investor Access: European Market and beyond

• Service Excellence

• Low Costs

• Low Tax Environment

• Regulatory Environment

• Commitment from Government

• Infrastructure : language/legal/telecommunications

7thIMD WORLD

COMPETITIVENESS

2016 YEARBOOK

1st

FLEXIBILITY AND

ADAPTABILITY OF

PEOPLE

1st

IN EUROPE FOR

COMPLETION OF

3RD LEVEL EDUCATION

www.irishfunds.ie

www.irishfunds.ie

The Dynamics and Challenges for Fund Managers

- A Practical Perspective

Brexit

• Ms. Eleanor Wan, Chief Executive Officer, BEA Union Investment

• Mr. Brad Okita, Managing Director Greater China Investments, Neuberger Berman

• Mr. David McEvoy, Vice President, BlackRock

• Mr. Keith CK Chau, Partner, PwC

• Mr. Paul Moloney, Consultant, Eversheds

Moderator

Panelists

www.irishfunds.ie

Mr. Tae YooManaging Director, Client & Marketing Services

Hong Kong Exchange and Clearing Limited

Stock Connect Update

Latest Development

2020

Important Information

The information contained in this document is for general informational purposes only and does not constitute an

offer, solicitation or recommendation to buy or sell any securities or to provide any investment advice or service of any

kind. This document is not directed at, and is not intended for distribution to or use by, any person or entity in any

jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject

Hong Kong Exchanges and Clearing Limited (“HKEX”), The Stock Exchange of Hong Kong Limited (“SEHK”), Hong

Kong Securities Clearing Company Limited (“HKSCC”), Shenzhen Stock Exchange (“SZSE”), Shanghai Stock

Exchange (“SSE”) and China Securities Depository and Clearing Corporation Limited (“ChinaClear”) (together, the

“Entities”, each an “Entity”), or any of their affiliates, or any of the companies that they operate, to any registration

requirement within such jurisdiction or country.

No section or clause in this document may be regarded as creating any obligation on the part of any of the Entities.

Rights and obligations with regard to the trading, clearing and settlement of any securities effected on the SZSE, SSE

and SEHK, including through the Shenzhen-Hong Kong Stock Connect or the Shanghai-Hong Kong Stock Connect

(together “Stock Connect”), shall depend solely on the applicable rules of the relevant exchanges and clearing

houses, as well as the applicable laws, rules and regulations of Mainland China and Hong Kong.

Although the information contained in this document is obtained or compiled from sources believed to be reliable,

none of the Entities guarantee the accuracy, validity, timeliness or completeness of the information or data for any

particular purpose, and the Entities and the companies that they operate shall not accept any responsibility for, or be

liable for, errors, omissions or other inaccuracies in the information or for the consequences thereof. The information

set out in this document is provided on an “as is” and “as available” basis and may be amended or changed in the

course of implementation of Stock Connect. It is not a substitute for professional advice which takes account of your

specific circumstances and nothing in this document constitutes legal advice. HKEX and its subsidiaries shall not be

responsible or liable for any loss or damage, directly or indirectly, arising from the use of or reliance upon any

information provided in this document or the presentation given.

2121

2

1 Overview

Key Features

Implementation Timetable / SH-HK Stock Connect Update3

Agenda

2222

Expansion and Extension

Journey to a more Comprehensive Mutual Market

DESTINATION MARKET

CROSS-BORDER ACCESS

PLATFORM

The most effective

cross-border

market access

platform…

…and a unique

destination market

for products with

both Chinese and

international

relevance…

Products

Investors

Products

Investors

EQUITY

COMMODITIES

FIC

…across three

major asset classes

Connecting the markets, moving into the future

23

Overview

Shenzhen

Northbound

Connect

Shenzhen

Southbound

Connect

Launch of SZ-HK Connect is expected in ~4 months

~880 stocks for SZ Northbound covering:

Constituents of SZSE Component & SZSE Small/Mid Cap Innovation indexes with a market

capitalization of at least RMB 6 bn, and SZSE-SEHK A+H shares

Main board: ~270, SME board: ~410, ChiNext board: ~200

ChiNext open to institutional professional investors initially

Daily Quota: RMB 13 bn

~417 stocks (vs. 318 stocks for SH Southbound) for SZ Southbound, adding:

Constituents of Hang Seng SmallCap Index with a market capitalization of at least HKD 5 bn1

and SZSE-SEHK A+H shares to the existing eligible stocks

Daily Quota: RMB 10.5 bn

1: For inclusion as eligible stocks, market capitalization of a company will be calculated based on its average market

capitalization over certain preceding period prior to the Joint Announcement. Subject to regulatory approval, details will be

announced prior to the launch of SZ-HK Stock Connect

Aggregate Quota abolished

ETFs to be included but roll-out planned in 2017

SH Connect otherwise remains unchanged

Shanghai +

Shenzhen

Estimated data as of end July 2016

24

Connect with Shanghai and Shenzhen

Enlarged and enhanced Connect ecosystem

En

forc

em

en

t Co

op

era

tion

CSRC

SFC

Reg

ula

tory

Co

op

era

tio

n

HKSCC

SEHK

HK Shares

Eligible Shares*

SH A Shares

SZSE

Eligible Shares Eligible Shares

Cle

ari

ng

Lin

k

Cle

ari

ng

Lin

k

SSE/SZSE Members & ChinaClear Participants

Mainland investors

SZ A Shares

SEHK SZ SPV

ChinaClear SZChinaClear SH

SSE

SEHK SH SPV

SSE SPV

HK & Overseas investors

Order

Routing

Order

Routing

EPs / CPs

SZSE SPV

MAINLAND

HONG

KONG

* Eligible shares for the Shanghai & Shenzhen Southbound links are different

2525

Overview1

2 Key Features

Implementation Timetable / SH-HK Stock Connect Update3

2 Key Features

Agenda

2626

Shenzhen NB ConnectShanghai NB Connect

~8801

( Main: ~270, SME: ~410, ChiNext: ~200 )

~RMB 15 tri (74%)

~RMB 230 bn (68%)

567(One single board)

RMB 21.8 tri (85%)

RMB 137 bn (68%)

Eligible

Stocks

No.

Mkt Cap

ADT

Abolished

RMB 13 bn

None

RMB 13 bn

Agg. Quota

Dly. QuotaQuota

Investors Eligibility NoneChiNext participation limited to institutional

professional investors initially3

NORTHBOUND

Shenzhen SB ConnectShanghai SB Connect

Eligible

Stocks

No.

Mkt Cap

ADT

Agg. Quota

Dly. QuotaQuota

Investors Eligibility

SOUTHBOUND

Abolished

RMB 10.5 bn

None

RMB 10.5 bn

RMB 500k RMB 500k

318(Hang Seng Composite LargeCap, MidCap &

A+H shares not in indices)

HKD 19.8 tri (82%)

HKD 37 bn (85%)

~4172

(Hang Seng Composite LargeCap, MidCap,

SmallCap & A+H shares not in indices )

~HKD 21 tri (87%)

~HKD 39 bn (92%)

Key Features of Shanghai & Shenzhen Connect

1. SZ Northbound: Constituents of SZSE Component & SZSE Small/Mid Cap Innovation indexes with market capitalization of at least RMB 6 bn,

and SZSE-SEHK A+H shares (except shares under “risk alert” or delisting arrangement)

2. SZ Southbound: Constituents of Hang Seng Large & MidCap indexes, constituents of Hang Seng SmallCap index with market capitalization of at least HKD 5 bn,

and SSE-SEHK and SZSE-SEHK A+H shares

3. Subject to resolution of related regulatory issues, other investors can trade ChiNext stocks listed on Shenzhen Stock Exchange

Estimated data as of end July 2016

2727

Key Features of Shanghai & Shenzhen Connect

Trading & Clearing Links remain the same after Shenzhen

Trading

Link

Investors to trade through local brokers, and orders are routed through the

subsidiaries set up by local exchanges to the opposite markets

A new SEHK order-routing subsidiary has been established in Qianhai to foster

greater Guangdong-Hong Kong cooperation

Clearing

Link

HKSCC is a participant of ChinaClear, and clears and settles cross-border trades

with ChinaClear for HK & international investors

Risk management measures of ChinaClear SZ branch applicable to HKSCC will

be imposed on HKSCC’s participants

Same fees as SH Northbound trading(covering handling fee, securities management fee, transfer fee,

portfolio fee & stamp duty)

Current PRC tax policies applicable to SH NB

Connect regarding capital gains tax, dividend tax,

stamp duty and value-added tax shall also apply

to SZ NB Connect(subject to further regulatory announcement)

SZ Northbound SZ Southbound

Same Applicable Fees

Same fees as SH Southbound trading (covering trading fee, trading tariff, transaction levy, stamp duty,

stock settlement fee and portfolio fee)

2828

Subscription of market data services from information vendors

Free 5-depth data covering all eligible stocks available to clients of 15 key SSE &

SZSE members that have subscribed SB data package from HKEX at fixed fees

Real-time 10-depth data of all securities via SSE’s Cloud Service

Free snapshot nominal / last traded prices of all securities on 19 websites /

mobile apps

Existing SH Southbound Market Data promotion programme will be extended

to SZ Southbound Connect

Open Websites/

Mobile Apps

Free 1-depth data covering all eligible stocks available to all trading clients of all 96

SSE & SZSE members who joined Stock Connect

SSE/SZSE

Trading Platforms

Southbound

Broker Platforms

Information

Vendors’

Services

Major Mainland websites (* with mobile app)

Baidu China *East Money Guosen Sec *Hexin Flush *Shanghai DZH *Shanghai Wind *Sina *Sinolink Sec Snowball Beijing *Tencent

SSE / SZSE Members subscribed for Fixed Fee Services

Chanjiang Sec China GalaxyChina

InvestmentChina Merchants China Sec Dongxing Sec Founder Sec GF Sec Guosen Sec Guotai Junan

Haitong Sec Huatai Sec Orient Sec Ping An SecShenwan

Hongyuan

Major Mainland Information Vendors

Ant Wealth Beijing BaiduBeijing Xiang

Shang RongEast Money Hexin Flush

Shanghai E

Money

Hundshun

JuyuanShanghai DZH

Shanhai

QianlongShenzhen GTA

Sina Snowball (Beijing) SSE Infonet Taojinzhe TDX Tencent Wind Up Wealth

1: Full list of major Mainland websites: http://www.hkex.com.hk/eng/prod/dataprod/bmpservice/BMPServiceWebsite.htm

2: Full list of Information Vendors: http://www.hkex.com.hk/eng/prod/dataprod/la/ivlist/infovendor.htm

SOUTHBOUND

2929

Considerations for Broker Investments

Single Connect model for Trading and Clearing

Same operational flow for both Connect markets

Infrastructure

Operation

Fees

Single gateway for both Shanghai and Shenzhen Connect

Shared throttle for both Shanghai and Shenzhen Connect

Protect capital investment on existing hardware and software

Support business growth with existing infrastructure

Flexibility to manage flow across both Shanghai and

Shenzhen Connect

Consolidated portfolio fee calculation for both Connect

markets to lower cost1

Minimal incremental impact and investments for brokers

1: Subject to SFC’s approval

3030

Implementation Timetable3

3 Implementation Timetable / SH-HK Stock Connect Update

Overview1

2 Key Features

Agenda

3131

High-level Implementation Timetable

It should take approximately 4 months to complete the preparation for formal launch

Announcement: 16 Aug 2016 In ~4 months

Market Rehearsal

Market Communication & Investor Education

Market Readiness(EPs / CPs / Information Vendors / System Vendors / Issuers / Banks)

Official Launch

RuleAmendments

Final Regulatory

Approval on

Commencement

32

4.7 6.0 5.0 4.5 6.3

8.6 8.411.4

8.95.7 4.5 4.7 4.8

3.0 3.2 2.7 4.2

2.9 2.1 2.8 2.8

0.8 1.0

1.5 0.8

1.6

12.4

5.4

4.4

4.2

2.4 1.7 1.7 1.8

2.1 2.6 2.0

2.4

2.1 2.4 4.0 3.0

Northbound (NB) (RMB bn)

Southbound (SB) (HKD bn)

Source: HKEX data as of 25 Jul 2016

Stock Connect – Trading Trends

NB record

of RMB23.4 bn

on 6 July 2015

SB record

of HKD26.1 bn

on 9 April 2015

NB

SB

Average Daily Trading Volume: RMB5.2 bn (0.6% of SSE Total)

Aggregate Quota Used: RMB143.5 bn (47.85% of Aggregate Quota)

Average Daily Trading Volume: HKD3.0 bn (3.2% of SEHK Equity Total)

Aggregate Quota Used: HKD201.8 bn (80.72% of Aggregate Quota)

Stock Connect Average Daily Trading Volume

33

How has Northbound & Southbound Fared Since Launch?

143.5

0

20

40

60

80

100

120

140

160

180

RM

B b

n

Aggregate Quota Usage (17 Nov 2014 - 25 Jul 2016)Northbound

Quota Limit (RMB300 bn)

Total Traded

Value

(Total Buy +

Sell)

Aggregate

Quota Utilised

Average Daily

Traded Value

(Daily Buy +

Sell)

Average Daily

Traded Value /

Daily Quota

Northbound

RMB2,030bn

(~US$305bn)

RMB143.5bn

(47.85% of

aggregate quota)

RMB5.2bn

(~US$0.7bn)

40%

% of Total

Equity

Turnover

0.6%

Note: Data for 17 Nov 2014 – 25 Jul 2016, HKEx, Bloomberg

Southbound

HK$1,147bn

(~US$147bn)

RMB201.8bn

(80.4% of

aggregate quota)

HK$3.0bn

(~US$0.4bn)

29%

3.2%

201.8

0

20

40

60

80

100

120

140

160

180

200

220

RM

B b

n

Aggregate Quota Usage (17 Nov 2014 – 25 Jul 2016)Southbound

Quota Limit (RMB250 bn)

34

Southbound

Stock Connect – Top 10 Traded Stocks

Source: HKEX & SSE, from 1 Jan to 25 Jul 2016

Northbound

Rank Stock Name

ADT

USD

Million

Avg

Trade

Size

(USD)

%

1 Kweichow Moutai 25.05 10,401 5.5%

2 Ping An Insurance 19.31 9,358 4.2%

3 CITIC Securities 14.62 7,173 3.2%

4 China Minsheng Bank 13.64 7,127 3.0%

5 Industrial Bank 11.10 8,776 2.4%

6 Inner Mongolia Yili 10.34 3,853 2.3%

7 China Merchants Bank 8.95 6,979 1.9%

8Shanghai International

Airport7.77 2,978 1.7%

9 Zhejiang China 7.71 4,347 1.7%

10Shanghai Pudong

Development Bank7.52 5,784 1.6%

Rank Stock Name

ADT

USD

Million

Avg Trade

Size (USD)%

1 CCB 26.09 29,423 7.7%

2 HSBC 24.39 32,216 7.2%

3 ICBC 14.01 22,727 4.1%

4 China Merchants Bank 8.63 11,221 2.5%

5 Tencent 8.37 22,976 2.5%

6 CITIC BANK 6.77 8,172 2.0%

7Agricultural Bank Of

China5.71 9,801 1.7%

8 Bank of China 5.40 13,885 1.6%

9 Ping An Insurance 5.34 16,322 1.6%

10 Sinopec 4.90 10,829 1.4%

35Source from Bloomberg , trade dated as of 15 Jun 2016, 10 March 2016 and 27 May 2016

Southbound Trading Analysis to Overall Market (10 March ~ 27 May)

• Southbound (net buy) turnover in SH trading session - 60% of the overall daily SB turnover in HK market

• Final hour of HK market session: Increase in the SB total trading turnover - represent 40% of the total SB

trading volume

36

SPSA Account Growth with Same-day DVP

• 749 SPSA Accounts from sub 500 in first week of August• Number of Custodians with SPSA opened : 15• Number of EPs with SPSA accounts: 53• Southbound quotas down to 80.7% used • SPSA sell value as % of all Northbound: 9-35% on weekly average. • Average trade size for SPSA: RMB16.8k-44.4k in July / **Non-SPSA: RMB10k-39k in July

37

Thank you

HKEX Group Website: www.hkexgroup.com

HKEXnews Website: www.hkexnews.hk

37

Tae Yoo

Managing Director | Client & Marketing Services | Market Development

Division

Hong Kong Exchanges and Clearing Limited

D: +852 2840 3203

Email: taeyoo@hkex.com.hk

Follow Us: Youtube | Twitter | LinkedIn | WeChat

www.irishfunds.ie

Mainland Insights and Hong Kong Regulatory Developments

China/Hong Kong Upward and Onward

• Mr. Chin- Ping Chia, Managing Director and Head of Applied Research APAC, MSCI Inc.

• Mr. Patrick Wong, Head of China Sales & Business Development, HSBC Securities Services

• Ms. Sandra Lu, Partner, LLinks

• Mr. Alvin Li, ETF Specialist, CSOP Asset Management Limited

• Ms. Michelle Lloyd, Head of Irish Asia Desk, Maples and Calder

Moderator

Panelists

www.irishfunds.ie

Mr. Peter Ryan

Consul General of Ireland to Hong Kong and Macau

Ireland and the Asia Financial Community

THE FASTEST-GROWING ECONOMY IN THE

EUROPEAN UNION IN 2014 and 2015

EUROSTAT

BARRIER-FREE ACCESS TO MORE THAN 500 MILLION CUSTOMERS IN EUROPE’S

SINGLE MARKET

MORE THAN 1,200 GLOBAL COMPANIES HAVE CHOSEN

IRELAND AS THEIR STRATEGIC LOCATION IN

EUROPE

IDA IRELAND

IRELAND IS HOME TO MORE THAN 50% OF

THE WORLD’S LEADING FINANCIAL SERVICES

FIRMS

IDA IRELAND

430 Firms in IFS covering Funds; Banking & Payments;

Insurance & Reinsurance; Investment & Asset

Management; Aircraft

Leasing & Fintech.

IDA IRELAND

€3.6 TRILLION IN ASSETS UNDER ADMINISTRATION

IN OVER 13,000 FUNDS

IRISH FUNDS

MANAGING HALF THE WORLD’S FLEET OF LEASED AIRCRAFT

IFS IRELAND

THE LARGEST PROVIDER OF CROSS-BORDER LIFE INSURANCE IN THE EUROPEAN UNION

FINANCIAL SERVICES IRELAND

IFS2020 Strategy is our vision for Ireland to be the

location of choice for specialist IFS activities.

IDA IRELAND

Irish Funds a key partner for the Irish Government in our

activities in Asia.

IDA IRELAND

www.irishfunds.ie

Mr. Tony Riha

Representative, Irish Funds - Hong Kong

Irish Funds & Hong Kong/China

Resource for the Funds Community 2016-2017

Partnership

• Active contribution on initiatives

• Regulatory and Technical area Working Groups

• Working in co-operation with Hong Kong/China based associations

and organizations

www.irishfunds.ie

Voice of the Industry & Asia Outreach

• Timely Alerts

• Web Repository

• Roundtable Seminars

• Newsletters

www.irishfunds.ie

www.irishfunds.ie

Mr. Pat Lardner

Chief Executive, Irish Funds

Closing Remarks

Disclaimer: The material contained in this document is for marketing, general information and

reference purposes only and is not intended to provide legal, tax, accounting, investment,

financial or other professional advice on any matter, and is not to be used as such. Further,

this document is not intended to be, and should not be taken as, a definitive statement of

either industry views or operational practice.

The contents of this document may not be comprehensive or up-to-date, and neither Irish

Funds, nor any of its member firms, shall be responsible for updating any information

contained within this document.

5555 www.irishfunds.ie

22 August 2016

Hong Kong Seminar

Hosted by: