not illegal.

According to the regulations, all funds in Hong Kong need to be sold by a fund sales agency in the Mainland. For mainland investors, it is only necessary to apply for mutual recognition funds in the corresponding fund sales agency. In a broad sense, the specific business process is the same as that of applying for mainland fund products.

funds are divided into broad sense and narrow sense. In broad sense, they refer to a certain amount of funds set up for a certain purpose, such as trust and investment funds, provident funds, retirement funds, etc. In narrow sense, they refer to funds with specific purposes and uses. Usually, funds mainly refer to securities investment funds.