Red Cliff Asset Management

Red Cliff holds a Type 9 (asset management) license from the Hong Kong Securities and Futures Commission, a matter of public record. This license authorizes the firm to manage discretionary investment portfolios for professional investors, the client classification standard in Hong Kong's regulatory regime. The firm is subject to semiannual financial reporting and liquid capital requirements set by the SFC.

Red Cliff's investment focus centers on Greater China, covering publicly listed equities in Hong Kong and mainland China, with potential secondary exposure to developed Asian markets. Hong Kong's trading infrastructure allows the firm to access China A-shares through the Stock Connect program while also trading Hong Kong-listed securities. This dual-market capability is standard for Hong Kong-licensed managers that serve as bridges between offshore capital and onshore Chinese opportunities.

Red Cliff can only accept capital from professional investors as defined by Hong Kong's Securities and Futures Ordinance — individuals with a portfolio of at least HKD 8 million, or institutions such as family offices, private banks, and pension funds. This professional-investor-only framework is standard across all Type 9 licensees in Hong Kong. The firm does not market to retail investors.

Red Cliff operates under Hong Kong's SFC regulatory framework rather than the China Securities Regulatory Commission, which means it can custody assets with global prime brokers, trade across both Hong Kong and China A-share markets via Stock Connect, and serve international institutional clients without the capital controls and licensing restrictions that apply to wholly-mainland entities. This offshore regulatory posture is the structural logic behind many Hong Kong-incorporated asset managers that target China-facing strategies.

There is no public record of Red Cliff operating commingled mutual funds or exchange-traded funds. Boutique Hong Kong asset managers of this profile typically manage segregated discretionary accounts or single-investor vehicles rather than large pooled fund structures. Any fund vehicles would likely be privately placed with professional investors under Hong Kong's private-offering exemptions.