Chapter 1

Due Diligence Guidelines –


4. Structure of the Due Diligence Guidelines

These due diligence guidelines comprise two interrelated sections:

(a) General Principles – these are essentially statements of good standards of conduct to be observed in the conduct of due diligence. The General Principles are expressed in broad general terms and do not define the extent or the limits of their application.

(b) Due Diligence Guidelines – these are in turn structured in three inter-related sections:

(i) Standards – these are statements of sponsors’ due diligence obligations under Hong Kong’s regulatory regime;

(ii) Guidance – this section sets out guidance as to the market’s interpretation of the Standards which elaborates on, but does not in any way extend, the obligations of sponsors under the Standards; and

(iii) Recommended Steps – these set out practical steps which would generally be expected to meet the Standards in a typical case.


HKCFEF Limited and the contributing law firms, accountants and sponsors are not offering these due diligence guidelines as legal, financial or professional advice or services and they should not be relied upon as such. These due diligence guidelines should not be used as a sole basis for any decision, action or inaction and are not meant to serve as a substitute for the advice of qualified professionals. See here for the full terms and conditions.


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