Is a trust a legal entity in Hong Kong?｜. Rather, it is going to be a private arrangement between you and the party you choose to legally entrust your assets to. This legal party (a trustee) is one you have chosen for a specific purpose.A trust in Hong Kong is not considered a legal entity

Could you clarify for me, is a trust recognized as a legal entity in Hong Kong? Or, does it simply constitute a personal arrangement, where I select an individual or entity to whom I legally entrust my assets? This individual or entity, known as a trustee, is chosen by me for a designated purpose. From what I understand, a trust in Hong Kong is not a formal legal entity. Is this correct?