What we are, what we are not, and what we check.

Drift Bay Holdings Limited is a private company limited by shares, trading and investing on its own account. It is not a licensed corporation under the Securities and Futures Ordinance (Cap. 571), not an authorised institution under the Banking Ordinance (Cap. 155), and not a licensed money service operator under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).

It does not deal in or advise on securities or futures, does not manage assets or money for any third party, does not take deposits, and does not carry on remittance or currency exchange for others. The words “financial management and services” in its registered nature of business describe its own treasury, settlement and contract administration.

No content on this website is an offer, an invitation or a solicitation to buy or subscribe for any security, interest or investment product.

Although the company is not a financial institution or a designated non-financial business under Cap. 615, it applies the customer due diligence standard that ordinance sets out, because it moves goods and funds across borders.

Before a relationship is opened: identity and registration of the counterparty, ownership and control down to beneficial owners, the purpose and intended nature of the relationship, and screening for politically exposed persons and adverse media. Before a first payment: independent confirmation of beneficiary bank details through a channel other than the one that supplied them.

Records of the checks performed are retained with the transaction file for at least five years after the relationship ends.

The company screens counterparties, beneficial owners, vessels and routes against the sanctions regimes applicable to its transactions, including United Nations sanctions given effect in Hong Kong and the restrictions applying in the jurisdictions of its buyers and its banks.

It does not trade with, or route goods through, any jurisdiction subject to comprehensive sanctions. Where a party, a vessel or a route cannot be cleared, the transaction is declined and the decision is recorded.

Construction machinery and electrical plant are ordinary commercial goods, but end use still matters. The company requires the destination and the intended use to be stated in the contract, and declines transactions where the stated use does not match the specification requested.

Where a licence or permit is required in the country of export or import, it is the responsibility of the party named in the contract to obtain it, and the contract says which party that is.

Personal data collected in the course of business — the identification documents of signatories and beneficial owners, and the contact details of the people we deal with — is handled under the Personal Data (Privacy) Ordinance (Cap. 486).

This website sets no analytics, advertising or third-party tracking cookies, loads no third-party fonts or scripts, and embeds no social media widgets. Nothing a visitor does here is transmitted to any party other than the site’s own host.

Accounting records are kept in Hong Kong as required by section 373 of the Companies Ordinance, and financial statements are audited annually by a Hong Kong practising accountant.

Profits tax returns are filed with the Inland Revenue Department, and the business registration certificate is renewed before expiry. The current certificate runs to 19 March 2027.