What are the criteria to become a Professional Investor (PI)?
As an individual, you can qualify as a Professional Investor, if you are a individual investor having a portfolio of not less than HK$8 million (or its foreign currency equivalent) at the relevant date in:
- A portfolio on your own account; or
- A portfolio on a joint account with your associate (eg. spouse); or
- Your share* of a portfolio on a joint account with another who is not his associate; or
- A portfolio of a corporation which has the holding of investments as its principal business and is wholly owned by you.
* In determining your share of a portfolio on a joint account with persons other than your associates, your share means the one specified in a written agreement among the account holders OR an equal share of portfolio in the absence of an agreement.
Assets can be:
- Investments based on market value (including stocks, bonds, unit trusts, equity-linked investment and more)
- Certificates of Deposits (CDs)
- Cash or cash equivalent deposits