Our Heritage group, in collaboration with its Heritage Funds LPF, exclusively focuses on government-to-government (G-to-G) projects. Our role involves providing 15% to 25% of the project value in capital, alongside offering our expertise to support the realization of these innovative and ambitious government-to-government projects, so that such ideas and bold projects take flight.

Heritage Funds LPF offers and employs the Barter Trade for Project (BTP) funding model when traditional loan arrangements between governments are not feasible.

Our focus is strictly on first-class project financing tailored specifically for government-to-government projects, only in a first class way ensuring the highest standards of execution.

Our Heritage group, through its Heritage Funds LPF, brings a robust and responsible investing framework to the table. Led by General Partner Lee Kwok Wan, we act with integrity as facilitators and financiers, particularly in collaboration with Chinese investors, while Mr. Lee is adhering to regulatory standards such as the SFC type 9 (asset management) license (CE: AZL662) regulated by the Hong Kong Securities and Futures Commission.

Our objective is always to provide tailor-made, happy, valid, integrated, comprehensive, and thriving turnkey project financing solutions for project owners / employers / holders in an efficient and effective way.

We conduct thorough due diligence to assess project opportunities, we capture and maximize value across a range of various strategic and operational levers in governmental projects.

Operating under the Heritage Funds LPF platform, we adapt and leverage a top-down leadership network approach and establish effective partnerships with Chinese state-owned entities for governmental projects. Such approach works well. Our project implementation follows an EPC+F (Engineering, Procurement, Construction, and Financing) basis in the countries where we are active, ensuring efficient and effective execution.

That is how we can add value to our project owners / employers / holders, as well to Chinese state-owned EPC companies.

Yes, undoubtedly, Heritage group’s remarkable success is evident, underscored by a decade-long journey of achievement.

The central to this success is its ownership by core top Chinese shareholders, granting it a solid foundation. Moreover, the group boasts an excellent in-depth, extensive and profound personal network directly connecting with the highest echelons of governmental leadership in the countries where it operates.

Heritage Funds LPF stands out for its stellar performance, driven by a strategic blend of initiatives and operational capabilities. Notably, such strategies and functional capabilities have orchestrated the transformation of government-to-government projects into bankable project implementation in collaboration with Chinese state-owned EPC contractors, aligning investments with the objectives of project owners / employers / holders.

In expanding the value chain of China’s Belt and Road Initiative, Heritage leverages synergies across project intelligence, technical skill and prowess, international market acumen, and financial backing. This approach solidifies and fosters robust relationships with key governmental figures, further bolstering its position.

Diversification is a key pillar of Heritage’s success strategy, as evidenced by its array of financing and fundraising channels. From Sinosure to Chinese policy banks, international financial institutions, insurance firms, capital markets, and asset securitization, the group ensures ample resources are mobilized to realize projects in partnership with Chinese state-owned EPC companies, progressively advancing its objectives.

The culmination of these efforts has led to Heritage group’s most significant triumphs and deeply fulfilling achievements, marking it as a beacon of our greatest successes in its field.

Powered by an outstanding over one decade-long involvement and network in government-to-government projects, we boast a strong track record and the solid reputation for collaborating with Chinese investors, particularly through our investments in government initiatives like the China Belt and Road projects. This unique alignment positions us as a reliable and distinctive partner, underpinned and built on a foundation of trust and credibility that has been pivotal to our success.

Everything we do is only focused on government-to-government projects. Our exclusive focus on government-to-government projects sets us apart as specialists in this niche market, providing unparalleled agility and expertise tailored specifically to this sector. Such strength makes us uniquely agile.

Heritage Funds LPF managed by General Partner Lee Kwok Wan, operates under the regulatory oversight of the Hong Kong Securities and Futures Commission (SFC), ensuring compliance with the highest standards of asset management (SFC type 9 license, registration CE number: AZL662).

We adhere strictly to statutory requirements, maintaining a high level of corporate transparency and implementing rigorous monitoring and risk control processes throughout project implementation.

Our commitment meticulously extends to offering tailored project financing advice and support at every stage of the governmental project lifecycle, catering to reach the unique goals and needs of project owners / employers / holders, and build partnerships that last decades.

Our track record speaks volumes, with numerous project awards earned in collaboration with Chinese state-owned EPC companies in the countries where we operate, underscoring our proven success and expertise in delivering impactful outcomes.

With us for the project financing, you will find a vast network of access, relationships, and opportunities well worth exploring.

Therefore, from humble roots, these above capabilities have enabled us to successfully meet a variety of challenges from the government-to-government projects.

Heritage Funds LPF functions similarly to other managed investment schemes. Funds are generated through transactions facilitated by barter trade contracts for government-to-government projects, adhering to the conditions outlined in order-intake agreements, import quotas, and limited partnership agreements involving all relevant parties under one roof.

The generated funds are pooled and consolidated into a custodial account at the Bank of China Hong Kong. From there, the funds from the custodial account at Bank of China Hong Kong are directly disbursed to Chinese state-owned companies according to the construction schedule of Construction In Progress (CIP) outlined in the consortium agreements signed with project owners / employers / holders to carrying out their project implementation. This process ensures seamless project implementation in alignment with contractual obligations.

The operation of the Funds consists of:

• Heritage Funds LPF,
• Heritage Funds LPF – Cultural Impact & Philanthropic Fund,
• Heritage Funds LPF – Oil & Gas Fund, and
• Heritage Funds LPF – Pipeline Laying Fund (Registration in progress).

The above separate fund entities individually operate under the Heritage brand. They are each independently owned, have separate investment teams, manage their own funds, and make independent investment decisions.

Heritage Funds LPF selects Hong Kong as its gateway for government-to-government projects for several compelling reasons:

• Strategic Location: Hong Kong’s proximity to Mainland China provides convenient access to Chinese markets and decision-makers. Hong Kong is a unique position to being the gateway connecting the East and the West.
• Global Financial Center: Hong Kong is globally recognized as a premier financial hub, offering a wide range of financial services and expertise.
• Renminbi Clearing and Settlement: As a prominent clearing and settlement center for the Renminbi (RMB), Hong Kong facilitates transactions in China’s currency, supporting seamless financial operations.
• Offshore Renminbi Hub: Hong Kong serves as the world’s largest offshore Renminbi hub outside of Mainland China, facilitating Renminbi-denominated transactions.
• Support for Belt and Road Initiative: Hong Kong actively supports the China “Belt & Road” Initiative, leveraging its financial and professional services to capitalize on the vast opportunities presented by the initiative. By building on innovation of “Belt and Road” Initiative, Heritage Funds LPF is more like a marketplace of providing project financing services to the government-to-government projects.
• Regulatory Environment: Hong Kong offers a highly regulated environment that instills confidence among international investors, ensuring transparency and accountability in financial dealings.
• Legal Framework and Stability: Hong Kong boasts a robust legal framework and enjoys economic and political stability, bolstered by its affiliation with China.
• Corporate Governance: The city maintains rigorous corporate governance standards and adheres to international accounting practices, enhancing trust and credibility in the financial sector.
• Tax Incentives: Hong Kong provides favorable tax incentives for locally domiciled funds, including exemptions from capital gains tax and withholding tax on dividend income, both for residents and non-residents. Of course, its low tax rate impacts positively on net investment returns.

These factors collectively make Hong Kong an ideal choice for Heritage Funds LPF to conduct its government-to-government projects, ensuring efficiency, stability, and strategic advantages in its operations.