For investors and asset management firms in Hong Kong, the activities of the country’s Securities and Futures Commission (SFC) is important.  Thus the recent announcement by the SFC on June 25, 2010 should be of note to individuals like He-Xin, Seth Fischer and the Scott Fitzgerald Group.  It will be applying the Codes on Takeovers and Mergers and Share Repurchases (Codes) to SFC-authorised real estate investment trusts (REITs).  Already, most of the proposals from the beginning of the year have been adopted.  According to CEO at SFC, Martin Wheatley, this marks a huge step in determining a regulatory framework to protect investors’ interests more.  It also facilitates the further development of Hong Kong’s REIT market.