Private Investment Holding Company

Queen's Road Central
Capital Limited

We invest our own balance sheet. We hold no client money, manage no third-party funds, and offer nothing to the public.

Registered officeCentral Plaza, Wan Chai Capital deployedProprietary only Client funds heldNone
Read the position ↓
Notice — This company is not licensed or registered by the Securities and Futures Commission and does not carry on any regulated activity. It does not solicit, accept or manage money from the public.
01The position

Everything here is our own money

Queen's Road Central Capital Limited is a private investment holding company with its office at Central Plaza in Wan Chai. The capital we deploy is our own. We are not a fund, not an asset manager, not a broker, and not a lender to the public.

That is an unglamorous thing to lead with, and it is deliberate. A great many entities in this city carry names built from a street in Central and the word "capital", and a portion of them exist to persuade strangers to send money somewhere. We would rather be the page that tells you how to check than one more name that sounds reassuring.

Our name is taken from a road, as many Hong Kong companies' names are. It does not indicate our office address, our size, or any connection to any other business bearing a similar name — and neither does anyone else's.

For the avoidance of doubt
This company does not manage assets for others, deal in securities, advise on securities or corporate finance, operate a collective investment scheme, take deposits, or lend to the public. It holds no client money and no client assets. Nothing on this site is an offer, invitation or inducement to acquire any investment, and no investment opportunity of any kind is offered here or elsewhere by this company.
02How to check anyone

Four checks that take
about five minutes

If any person or entity — using our name, a name close to ours, or any other — approaches you with an investment, run these before you consider anything else. They cost nothing and they are the whole game.

  • Search the SFC Public Register yourself
    The Securities and Futures Commission publishes a public register of licensed corporations and registered institutions. Type the name into it directly rather than clicking a link you were sent. If a firm offering you an investment is not on it, that is the end of the conversation.
  • Check the SFC's alert list
    The SFC also publishes lists of suspicious entities, websites and investment products reported to it. It is not exhaustive — an absence from the list proves nothing — but a presence on it is decisive.
  • Match the exact legal name and number
    Fraud in this city runs on near-misses: a word added, a word dropped, "Holdings" for "Capital", a company that shares a tower with a listed group. Compare the full legal name and the company number against the Companies Registry, not the letterhead.
  • Treat guaranteed returns as the answer
    A promised or guaranteed return, urgency, a request to pay a personal account, or pressure to keep the opportunity confidential — any one of these ends the matter. You do not need to work out how the scheme functions in order to decline it.
03 — How we hold things

Patience is not
a strategy. It is a constraint.

Investing only your own money changes the arithmetic entirely. There is no redemption calendar, no quarterly letter to write and nobody to lose but ourselves. A position can be held through a period where it looks foolish, which is often the only period in which it was ever going to work.

It also removes the incentive that damages most of this industry. A manager paid on assets gathered has a reason to gather assets. We are paid by outcomes on our own capital, which is a shorter and less interesting sentence, and a better one.

The corollary is that we have nothing to sell you. If you arrived here looking to invest alongside us, the honest answer is that there is no vehicle to invest in and no arrangement we could offer you.

One line, no redemptions
04Where capital goes

Four places, and no others

Described in general terms, because specific positions are nobody's business but ours and disclosing them would serve no purpose other than to look impressive.

Listed securitiesHeld for our own account
Ordinary long-term positions in listed companies, bought with our own money and held without a horizon imposed by anybody else's redemption notice.
Private holdingsMinority and control
Stakes in unlisted operating businesses, generally small, generally boring, generally in trades we can explain to somebody at dinner without using the word "platform".
Property interestsHong Kong and region
Direct interests in real property held for income and for the long term rather than for turnover, and financed conservatively enough to survive a rate cycle we did not predict.
Cash and depositsThe unfashionable part
A deliberate holding of cash. It is a drag on returns in every year except the ones where it is the only thing that matters, and those years are not announced in advance.
05Questions

Answered plainly

i.
Can I invest with you?
No. There is no fund, no vehicle, no note, no scheme and no arrangement. If anybody tells you otherwise while using this company's name, they are not us and you should report it. We appreciate that a firm answer here is more useful than a polite one that leaves the door ajar.
ii.
Are you licensed by the SFC?
No, and we do not need to be, because we carry on no regulated activity. Managing assets for others, dealing in or advising on securities, and advising on corporate finance are all regulated activities in Hong Kong requiring a licence. We do none of them. A company investing purely its own money is in a different position — and it is also a company that cannot lawfully take yours.
iii.
Why is a company named after Queen's Road Central registered in Wan Chai?
Because a company name in Hong Kong is a name, not an address, and thousands are drawn from streets, districts and auspicious phrases. It is worth internalising the general point: a prestigious-sounding name tells you nothing at all about a company, and any weight you place on it is weight a fraudster can buy for the price of an incorporation.
iv.
Someone used your name to approach me. What now?
Stop sending money, do not send more in an attempt to release what has already gone — that is how the second and larger loss usually occurs — and report it to the Hong Kong Police Force. You can also report suspected unlicensed activity to the Securities and Futures Commission. Then tell us, using the address below, so we know it is happening.
v.
Do you publish returns?
No. There is no one to publish them to. Performance figures exist to inform investors and to attract them; with no investors, the first purpose does not arise and the second is one we have no use for. Treat any private company advertising its investment returns to the public as a company that is trying to acquire some.
06Correspondence

Written enquiries only

Correspondence from counterparties, advisers and businesses is welcome. We do not respond to enquiries about investing, because there is nothing to invest in.

Office
Rm 3806, Central Plaza
18 Harbour Road
Wan Chai, Hong Kong Island
Telephone
+852 6311 5131
Email
reply@queensroadcentralcapitallimited.com
Capital under management for others
Nil