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1. The following institutions are "prescribed" as professional investors under the Securities and Futures Ordinance (the “SFO”) (as extracted):

(a)  any recognized exchange company, recognized clearing house, recognized exchange controller or recognized investor compensation company, or any person authorized to provide automated trading services under section 95(2) of the SFO;

(b)  any intermediary, or any other person carrying on the business of the provision of investment services and regulated under the law of any place outside Hong Kong;

(c)  any authorized financial institution, or any bank which is not an authorized financial institution but is regulated under the law of any place outside Hong Kong;

(d)  any insurer authorized under the Insurance Ordinance (Cap. 41), or any other person carrying on insurance business and regulated under the law of any place outside Hong Kong;

(e)  any scheme which—

(i)  is a collective investment scheme authorized under section 104 of the SFO; or

(ii)  is similarly constituted under the law of any place outside Hong Kong and, if it is regulated under the law of such place, is permitted to be operated under the law of such place, or any person by whom any such scheme is operated;

(f)  any registered scheme as defined in section 2(1) of the Mandatory Provident Fund Schemes Ordinance (Cap. 485), or its constituent fund as defined in section 2 of the Mandatory Provident Fund Schemes (General) Regulation (Cap. 485 sub. leg. A), or any person who, in relation to any such registered scheme, is an approved trustee or service provider as defined in section 2(1) of that Ordinance or who is an investment manager of any such registered scheme or constituent fund;

(g)  any scheme which—

(i)  is a registered scheme as defined in section 2(1) of the Occupational Retirement Schemes Ordinance (Cap. 426); or

(ii)  is an offshore scheme as defined in section 2(1) of that Ordinance and, if it is regulated under the law of the place in which it is domiciled, is permitted to be operated under the law of such place, or any person who, in relation to any such scheme, is an administrator as defined in section 2(1) of that Ordinance;

(h)  any government (other than a municipal government authority), any institution which performs the functions of a central bank, or any multilateral agency;

(i)  except for the purposes of Schedule 5 to the SFO, any corporation which is—

(i)  a wholly owned subsidiary of—

(A)  an intermediary, or any other person carrying on the business of the provision of investment services and regulated under the law of any place outside Hong Kong; or

(B)  an authorized financial institution, or any bank which is not an authorized financial institution but is regulated under the law of any place outside Hong Kong;

(ii) a holding company which holds all the issued share capital of—

(A)  an intermediary, or any other person carrying on the business of the provision of investment services and regulated under the law of any place outside Hong Kong; or

(B)  an authorized financial institution, or any bank which is not an authorized financial institution but is regulated under the law of any place outside Hong Kong; or

(iii)  any other wholly owned subsidiary of a holding company referred to in sub-paragraph (ii); or

(j)  any person of a class which is prescribed by rules made under section 397 of the SFO for the purposes of this paragraph as within the meaning of this definition for the purposes of the provisions of the SFO, or to the extent that it is prescribed by rules so made as within the meaning of this definition for the purposes of any provision of the SFO.

OR

2. The following persons are "prescribed" as professional investors under the Securities and Futures (Professional Investor) Rules (as extracted):

Trust corporations
A trust corporation having been entrusted under one or more trusts of which it acts as a trustee with total assets of not less than HK$40 million or its equivalent in any foreign currency at the relevant date.

Individuals

(1)  An individual having a portfolio of not less than HK$8 million or its equivalent in any foreign currency at the relevant date, when any one or more of the following are taken into account:

(a)  a portfolio on the individual’s own account;

(b)  a portfolio on a joint account with the individual’s associate;

(c)  the individual’s share of a portfolio on a joint account with one or more persons other than the individual’s associate;

(d)  a portfolio of a corporation which, at the relevant date, has as its principal business the holding of investments and is wholly owned by the individual.

(2)  For the purposes of paragraph (1)(c) in this section, an individual’s share of a portfolio on a joint account with one or more persons other than the individual’s associate is:

(a)  the individual’s share of the portfolio as specified in a written agreement among the account holders; or

(b)  in the absence of an agreement referred to paragraph (2)(a) in this section, an equal share of the portfolio.

Corporations

(a)  a corporate having:

(i)  a portfolio of not less than HK$8 million or its equivalent in any foreign currency; or

(ii)  total assets of not less than HK$40 million or its equivalent in any foreign currency,
at the relevant date;

(b)  a corporation which, at the relevant date, has as its principal business the holding of investments and is wholly owned by any one or more of the following persons:

(i)  a trust corporation specified in the section of "Trust corporations";

(ii)  an individual specified in the section of "Individuals";

(iii)  a corporation specified in this paragraph or paragraph (a) in this section;

(iv)  a partnership specified in the section of "Partnerships";

(v)  a professional investor within the meaning of paragraph (a), (d), (e), (f), (g) or (h) of the definition of "professional investor" in section 1 of Part 1 of Schedule 1 to the SFO ; or

(c)  a corporation which, at the relevant date, wholly owns a corporation referred to paragraph (a) in this section.

Partnerships

A partnership having:

(a)  a portfolio of not less than HK$8 million or its equivalent in any foreign currency; or

(b)  total assets of not less than HK$40 million or its equivalent in any foreign currency,
at the relevant date.