Document background
An Asset Confirmation Letter is a crucial document in Hong Kong's financial and business landscape, used to formally verify and confirm the existence, ownership, and status of specific assets. This document is typically required during financial transactions, audit processes, loan applications, or due diligence exercises. The letter provides essential information about assets, including their description, value, ownership details, and any encumbrances, while complying with Hong Kong's legal and regulatory requirements. It serves as a legally binding confirmation that can be relied upon by financial institutions, auditors, and other stakeholders. The Asset Confirmation Letter must be issued by an authorized representative of the asset owner and often requires supporting documentation to substantiate the confirmations made.
