Another First for Deacons 3 September 2007 Deacons acted for HSBC Investments in the July listing of the HSBC China Dragon Fund (滙豐中國翔龍基金) on the Hong Kong Stock Exchange. The work was done by Taylor Hui and Patrice Choi of the Financial Services practice group (FSPG), and Eugina Chan and Maggie Kwok of the Corporate Finance practice group (CFPG). The Fund is the first actively managed closed-ended fund authorised by the Securities and Futures Commission of Hong Kong (SFC) that is listed and traded on the Hong Kong Stock Exchange. The Fund raised HK$3.2 billion initially and had attracted a subscription amount of US$1.1 billion from the public and institutional investors. Tradings in the Fund dominated the Exchange's floor in the initial days of listing. Earlier in July FSPG had acted for HSBC Investments in launching a SFC authorised open-ended multi-manager China fund which attracted subscriptions of US$1.2 billion, which must be a record for Hong Kong authorised funds and reflects the high demand for China related fund products. FSPG has an enviable record of First of Firsts listings of new and innovative investment products with the SFC, far more than any other legal firm in Hong Kong.