{
  "crd_number": 148045,
  "slug": "fidelity-management-and-research-hong-kong-limited-hong-kong-148045",
  "primary_business_name": "FIDELITY MANAGEMENT & RESEARCH (HONG KONG) LIMITED",
  "legal_name": "FIDELITY MANAGEMENT & RESEARCH (HONG KONG) LIMITED",
  "dbas": [
    "FIDELITY INVESTMENTS"
  ],
  "city": "Hong Kong",
  "state": null,
  "country": "Hong Kong",
  "cbsa_code": null,
  "metro": null,
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "2008-09-08",
  "years_registered": 18,
  "period": "2026-10-01",
  "filing_date": "2026-06-29",
  "carried_forward": false,
  "raum_total": 32549199404.0,
  "raum_discretionary": 32549199404.0,
  "raum_non_discretionary": 0.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 68,
  "advisory_employees": 39,
  "client_count_bucket": "fewer_than_5_in_some_types",
  "clients_by_type": {
    "other": {
      "raum": 1340470.0,
      "count": null,
      "description": "PILOT FUND",
      "fewer_than_5": true
    },
    "investment_companies": {
      "raum": 25225582000.0,
      "count": 24
    },
    "pooled_investment_vehicles": {
      "raum": 7322276934.0,
      "count": 2
    }
  },
  "compensation_types": [
    "other",
    "percentage_of_aum"
  ],
  "advisory_activities": [
    "other",
    "portfolio_management_businesses_institutional",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": false,
  "disclosure_yes_count": 2,
  "states_registered": [],
  "websites": [],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/148045",
  "disclosure_items": [
    {
      "item": "11.D(2)",
      "question": "Has another federal regulator, a state regulator, or a foreign financial regulator ever found that the firm or an advisory affiliate was involved in a violation of investment-related regulations or statutes?"
    },
    {
      "item": "11.D(4)",
      "question": "In the past ten years, has another federal regulator, a state regulator, or a foreign financial regulator entered an order against the firm or an advisory affiliate in connection with investment-related activity?"
    }
  ],
  "city_as_filed": "HONG KONG",
  "url": "https://advisorcensus.com/firm/fidelity-management-and-research-hong-kong-limited-hong-kong-148045",
  "display_name": "Fidelity Management & Research (Hong Kong) Limited",
  "summary": "Fidelity Management & Research (Hong Kong) Limited is an SEC-registered investment advisory firm in Hong Kong, Hong Kong, registered since 2008, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated June 29, 2026.",
  "citation": "AdvisorCensus. Fidelity Management & Research (Hong Kong) Limited (CRD 148045): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Other"
  ],
  "advisory_activity_labels": [
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Other"
  ],
  "quick_answers": [
    {
      "q": "How is Fidelity Management & Research (Hong Kong) Limited compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), Fidelity Management & Research (Hong Kong) Limited reports these compensation arrangements: a percentage of assets under its management; other. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is Fidelity Management & Research (Hong Kong) Limited located?",
      "a": "Fidelity Management & Research (Hong Kong) Limited's principal office is in Hong Kong, Hong Kong, according to its Form ADV."
    },
    {
      "q": "Is Fidelity Management & Research (Hong Kong) Limited registered with the SEC or a state?",
      "a": "Fidelity Management & Research (Hong Kong) Limited is an SEC-registered investment advisory firm, registered since 2008. Status as filed: Approved. CRD 148045."
    },
    {
      "q": "How much does Fidelity Management & Research (Hong Kong) Limited manage?",
      "a": "Fidelity Management & Research (Hong Kong) Limited reports $32,549,199,404 in regulatory assets under management in its Form ADV filing dated June 29, 2026 (100% discretionary)."
    },
    {
      "q": "How have Fidelity Management & Research (Hong Kong) Limited's assets and staff changed since 2021?",
      "a": "In the Form ADV data for Fidelity Management & Research (Hong Kong) Limited: Regulatory assets under management: $22,331,391,629 in the October 2021 data and $32,549,199,404 in the October 2026 data, up 46%. Total employees: 65 in October 2021 and 68 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does Fidelity Management & Research (Hong Kong) Limited serve?",
      "a": "By number of clients on Form ADV Item 5.D: investment companies (24); pooled investment vehicles (other than investment companies and business development companies) (2)."
    },
    {
      "q": "Which custodians does Fidelity Management & Research (Hong Kong) Limited use?",
      "a": "Fidelity Management & Research (Hong Kong) Limited's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does Fidelity Management & Research (Hong Kong) Limited report any disciplinary disclosures?",
      "a": "Reports 2 disclosure items on Form ADV Item 11: yes answers to 11.D(2) (another regulator's finding of a violation) and 11.D(4) (another regulator's order in the past ten years). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/148045"
    },
    {
      "q": "What changed in Fidelity Management & Research (Hong Kong) Limited's recent Form ADV filings?",
      "a": "In the June 2026 filing data: Updated its list of owners and control persons (Schedule A)."
    }
  ],
  "filing_history": [
    {
      "period": "2021-10-01",
      "regulatory_assets_under_management": 22331391629.0,
      "total_employees": 65,
      "filing_date": "2021-07-22"
    },
    {
      "period": "2022-10-01",
      "regulatory_assets_under_management": 19057443094.0,
      "total_employees": 62,
      "filing_date": "2022-07-22"
    },
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 21443598969.0,
      "total_employees": 57,
      "filing_date": "2023-08-08"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 24407640787.0,
      "total_employees": 60,
      "filing_date": "2024-06-28"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 29232958016.0,
      "total_employees": 66,
      "filing_date": "2025-05-21"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 32549199404.0,
      "total_employees": 68,
      "filing_date": "2026-06-29"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-06-01",
      "period_label": "June 2026",
      "notes": [
        "Updated its list of owners and control persons (Schedule A)."
      ]
    },
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 36 to 39.",
        "Regulatory assets under management went from $29,232,958,016 to $32,549,199,404 (+11%)."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "State Street Bank and Trust Company",
      "name_as_filed": "STATE STREET BANK AND TRUST COMPANY",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/fidelity-management-and-research-hong-kong-limited-hong-kong-148045.md",
  "clients": [
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 24,
      "fewer_than_5": false,
      "raum": 25225582000.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 2,
      "fewer_than_5": false,
      "raum": 7322276934.0
    },
    {
      "type": "other",
      "label": "Other",
      "count": null,
      "fewer_than_5": true,
      "raum": 1340470.0
    }
  ],
  "disclosure_line": "Reports 2 disclosure items on Form ADV Item 11.",
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/148045",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}