Hong Kong Fiduciary Association Limited
Hong Kong's Trust Law was established in 1903, has been 115 years of history. It is not an exaggeration that Hong Kong's trust law has a longer history than Hong Kong's Jurisdiction.
As we all know, in January 1841, the Union Flag was raised in Hong Kong. Under the unequal agreement of the "Nanjing Treaty," after Hong Kong was formally ruled by the British on August 29, 1842, Hong Kong entered the stage of "British Colonies".
From Hong Kong as a judicial jurisdiction, it has a rich history and perfect than it is a legal trust.
In short, the Hong Kong Trust Act establishes the cornerstone of the whole Hong Kong Trust Law, and the Hong Kong Trust Act is largely based on the British Trust Act of 19th Century.
Trust service is a legally binding method of asset management, ensuring personal asset properties to be inherited. Settlor will authorize the trustee（Trust Company）based on faith, to manage his/her lawfully owned asset. Trustee will manage the asset based on the terms and conditions under the trust contract and the settlor’s wish, so as to distribute the asset to the designated beneficiary.
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