CORE BUSINESS CORE STRATEGY NEW CIES

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This document and the information contained in it are for general information only and do not constitute financial, professional, investment or any other kind of advice in any way. Investment involves risk. Investors should not base on this document alone to make investment decisions. Investors should understand the nature and risks of the relevant investment products and make investment decisions based on their own financial situation, investment objectives and experiences, willingness and ability to bear risks and specific needs; and if necessary, should seek independent professional advice before making any investment decisions. Truth Capital (Hong Kong) Limited(“Truth Capital”) does not warrant the accuracy, reliability, timeliness, completeness or reasonableness and Truth Capital shall not be liable for any loss, damage or expense incurred directly or indirectly as a result of the use of and/or reliance upon the whole or any part of the information in this document. This document is not applicable in jurisdictions where the distribution of this material is restricted. The product and service are only available in jurisdictions where it can be lawfully provided. This document is prepared by Truth Capital and has not been reviewed by the Securities and Futures Commission.
For the latest information on the CIES, please visit the website of the ImmD: https://www.immd.gov.hk/hkt/services/visas/newcies.html
and relevant announcements from the Government of the Hong Kong Special Administrative Region: https://www.info.gov.hk/gia/general/202403/01/P2024022900796.htm

About New Capital Investment Entrant Scheme (”New CIES”)

The HKSAR government announced the new CIES in the 2023 Policy Address, aiming to unleash the boundless potential of Hong Kong and attract global asset owners to settle in the city with the diverse investment opportunities available here.
Applicants must demonstrate that they have net assets of not less than HK$30 million to which they have been entitled throughout the two years preceding the application. An applicant must make an investment of a minimum of HK$30 million in permissible investment assets, including investing a minimum of HK$27 million in permissible financial assets and non-residential real estate, and placing HK$3 million into a new CIES Investment Portfolio, with a view to supporting the development of innovation and technology industries and other strategic industries.
Successful applicants are allowed to bring their dependants (including spouses and unmarried dependent children aged under the age of 18) to Hong Kong.

Eligibility Criteria

· Applicants aged 18 or above
· An applicant must have net assets of not less than HK$30 million (or equivalent in foreign currencies) to which they are entitled throughout the 6 months preceding the application
· Foreign nationals; or
· Chinese nationals who have obtained permanent resident status in a foreign country; or
· Macao Special Administrative Region residents; or
· Chinese residents of Taiwan

Further Details of the Application

· InvestHK - to assess applicants’ fulfilment of net asset and other investment requirements
· Immigration Department - to assess applications for visa/entry permit, extension of stay, etc
· Permissible investment assets
· More information on Scheme applications

Truth Capital offers discretionary account management exclusively for New CIES applicants
- - Fixed Income strategy, Conservative High Dividend Strategy and Active Management Strategy
to protect your investment and immigration journey

What is New CIES Discretionary Account (”DA”)

Truth Capital New CIES DA

Truth Capital Selected Investment Strategy

Adjust investment strategies according to market trends and demand. We have more flexible product mechanism based on investors' risk appetite

Investment Scope of New CIES
1 Debt securities listed on the SEHK and traded in HKD or RMB (including debt instruments issued in HK by the Ministry of Finance of the People’s Republic of China and local people’s governments at any level in the Mainland)
2 Debt securities denominated in HKD or RMB, including fixed or floating rate instruments and convertible bonds issued or fully guaranteed by:
（1）The HKSAR Government, the Exchange Fund, the Hong Kong Mortgage Corporation, the MTR Corporation Limited, Hong Kong Airport Authority, and other corporations, agencies or bodies wholly or partly owned by the Government as may be specified from time to time by the Government; or
（2）Companies listed on the SEHK and traded in HKD or RMB
Investment Scope of New CIES

The strategy firstly uses the financial scoring system to eliminate stocks that may have hidden financial risks, and then uses the historical data of the stock to construct factors in four dimensions: willingness to pay dividends, dividend paying ability, valuation, and liquidity, and scores the stocks accordingly. Select the 20 stocks with the highest comprehensive scores, adjust the positions on a monthly basis. All stocks are allocated equally.
HK Stock High Dividend 20 Portfolio: Strategy Backtest Results
Data as of December 2023. The data doesn’t indicate actual return of investors
Top-down Asset Allocation Timing
Based on the quantitative system developed internally by the team, through the continuous iteration of the macro-optimistic model, we portray the current state of market sentiment from four dimensions: economy, treasury, valuation, and behavior. And we use the methodology of cycle-setting position and logic-setting direction to effectively guide asset types, market attributes, investment strategies, and investment positions in investment, so as to fully discover potential overall market opportunities (e.g., 2014, 2017, 2017) and avoid systemic risks (e.g., 2015, 2018, 2021)
Bottom-Up Value Stock Selection
Quantitative Modeling:. With the aid of computers, we utilize mathematical tools to view the capital market from a statistical and probabilistic perspective. Through continuous iteration of quantitative models, such as industry sentiment and individual stock financial analysis, we identify opportunities and suggest risks
Qualitative modeling: Based on company research and communication with industry experts, we conduct qualitative analysis from the Porter's Five Forces, industry space, etc., and construct qualitative models of industries and individual stocks

Advantages of Truth Capital CIES DA

· The key members of the management team are all from Mainland China and have a good understanding of the risk appetite of Mainland investors
· We have more than 15 years of investment experience in overseas capital markets and can better understand the rules and trading habits of overseas capital markets
· We have been working in the Hong Kong asset management industry for many years and has served dozens of investment immigrant clients
· We are familiar with the complicated investment restriction of investment immigration and manage the investment accounts for our clients to realize the goal of "Immigration + Investment Return"
· Based on the “investment + immigration" needs of clients, we provide clear investment strategies to choose, and our team conduct in-depth strategic communication with clients prior to investment
· Under the DA structure, more flexible investment strategies can be adopted at any time according to investors' needs and different market conditions, in order to achieve better investment returns

Learn More

Download Truth Capital New CIES DA Brochure



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