/* Self-hosted fonts (SIL Open Font License 1.1). No third-party requests. */
@font-face{font-family:"Libre Baskerville";font-style:normal;font-weight:400;font-display:swap;src:url(/fonts/libre-baskerville-latin-ext-400-normal.woff2) format("woff2");unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}
@font-face{font-family:"Libre Baskerville";font-style:normal;font-weight:400;font-display:swap;src:url(/fonts/libre-baskerville-latin-400-normal.woff2) format("woff2");unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}
@font-face{font-family:"Libre Baskerville";font-style:italic;font-weight:400;font-display:swap;src:url(/fonts/libre-baskerville-latin-ext-400-italic.woff2) format("woff2");unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}
@font-face{font-family:"Libre Baskerville";font-style:italic;font-weight:400;font-display:swap;src:url(/fonts/libre-baskerville-latin-400-italic.woff2) format("woff2");unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}
@font-face{font-family:"Open Sans";font-style:normal;font-weight:300;font-display:swap;src:url(/fonts/open-sans-latin-ext-300-normal.woff2) format("woff2");unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}
@font-face{font-family:"Open Sans";font-style:normal;font-weight:300;font-display:swap;src:url(/fonts/open-sans-latin-300-normal.woff2) format("woff2");unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}
@font-face{font-family:"Open Sans";font-style:normal;font-weight:400;font-display:swap;src:url(/fonts/open-sans-latin-ext-400-normal.woff2) format("woff2");unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}
@font-face{font-family:"Open Sans";font-style:normal;font-weight:400;font-display:swap;src:url(/fonts/open-sans-latin-400-normal.woff2) format("woff2");unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}
@font-face{font-family:"Open Sans";font-style:normal;font-weight:600;font-display:swap;src:url(/fonts/open-sans-latin-ext-600-normal.woff2) format("woff2");unicode-range:U+0100-02BA,U+02BD-02C5,U+02C7-02CC,U+02CE-02D7,U+02DD-02FF,U+0304,U+0308,U+0329,U+1D00-1DBF,U+1E00-1E9F,U+1EF2-1EFF,U+2020,U+20A0-20AB,U+20AD-20C0,U+2113,U+2C60-2C7F,U+A720-A7FF}
@font-face{font-family:"Open Sans";font-style:normal;font-weight:600;font-display:swap;src:url(/fonts/open-sans-latin-600-normal.woff2) format("woff2");unicode-range:U+0000-00FF,U+0131,U+0152-0153,U+02BB-02BC,U+02C6,U+02DA,U+02DC,U+0304,U+0308,U+0329,U+2000-206F,U+20AC,U+2122,U+2191,U+2193,U+2212,U+2215,U+FEFF,U+FFFD}

:root{
  --navy:#1B2A4A; --navy-deep:#111C31;
  --hk:#3C6E8F;            /* Hong Kong */
  --ch:#2E6B4F;            /* Switzerland */
  --pt:#8A6A4B;            /* partners */
  --paper:#FFFFFF; --wash:#F1F3F6; --ink:#141922;
  --muted:#5C6675; --faint:#98A1AF; --rule:#DDE1E8;
  --measure:40rem;
}
*{box-sizing:border-box}
html{-webkit-text-size-adjust:100%;scroll-behavior:smooth}
body{margin:0;background:var(--paper);color:var(--ink);
  font-family:"Open Sans",-apple-system,BlinkMacSystemFont,"Segoe UI",Helvetica,Arial,sans-serif;
  font-size:16.5px;line-height:1.7}
h1,h2,h3,h4{margin:0;color:var(--navy);font-weight:400}
h1,.serif{font-family:"Libre Baskerville",Georgia,serif}



/* ---------- logo ---------- */
.wordmark img,.wm img{display:block;height:44px;width:auto}
.wordmark,.wm{display:inline-block;line-height:1}
.wordmark .sub,.wm .sub{display:block;font-family:"Open Sans",sans-serif;font-size:.58rem;
  letter-spacing:.2em;color:var(--muted);margin-top:.3rem;padding-left:calc(44px + .5rem)}
.fmark{height:44px;width:auto;display:block;margin-bottom:1.3rem;opacity:.95}
.mark{position:relative;overflow:hidden}
.mark > *{position:relative;z-index:1}
.mark::after{content:"";position:absolute;z-index:0;top:50%;right:-70px;width:340px;height:340px;
  transform:translateY(-50%);background:url(/img/mark-watermark.png) no-repeat center/contain;opacity:.16;pointer-events:none}
@media (max-width:900px){.mark::after{display:none}}
@media (max-width:640px){.wordmark img,.wm img{height:34px}
  .wordmark .sub,.wm .sub{padding-left:calc(34px + .4rem);font-size:.54rem}}

/* header */
header{position:sticky;top:0;z-index:50;background:var(--paper);border-bottom:1px solid var(--rule)}
.bar{max-width:82rem;margin:0 auto;padding:1.05rem 2.5rem;display:flex;align-items:center;
  justify-content:space-between;gap:2rem;flex-wrap:wrap}
.wm{font-family:"Libre Baskerville",Georgia,serif;font-size:1.02rem;color:var(--navy);text-decoration:none;line-height:1.2}
.wm small{display:block;font-family:"Open Sans",sans-serif;font-size:.62rem;letter-spacing:.19em;
  color:var(--muted);margin-top:.22rem}
nav{display:flex;gap:2rem;flex-wrap:wrap}
nav a{font-size:.85rem;color:var(--muted);text-decoration:none;padding-bottom:2px;border-bottom:1.5px solid transparent}
nav a:hover{color:var(--navy);border-bottom-color:var(--ch)}

/* layout */
.wrap{max-width:82rem;margin:0 auto;padding:0 2.5rem}
section{padding:5rem 0}
section.wash{background:var(--wash)}
h1{font-size:clamp(2.1rem,5vw,3.4rem);line-height:1.12;letter-spacing:-.018em}
h2{font-family:"Libre Baskerville",Georgia,serif;font-size:clamp(1.4rem,2.4vw,1.95rem);
  line-height:1.25;letter-spacing:-.01em;margin-bottom:1.1rem}
p{margin:0 0 1.15rem;max-width:var(--measure)}
.lede{font-size:clamp(1.05rem,1.6vw,1.24rem);line-height:1.58;color:#2B313B;font-weight:300;max-width:44rem}
.note{font-size:.88rem;color:var(--muted)}
.ph{color:#A9B1BD}

/* hero */
.hero{position:relative;background:var(--navy-deep);overflow:hidden}
.hero img{display:block;width:100%;height:auto;max-height:62vh;object-fit:cover;object-position:center bottom}
.hero .cap{position:absolute;inset:auto 0 0 0;padding:2.4rem 2.5rem;
  background:linear-gradient(to top,rgba(11,20,38,.94) 0%,rgba(11,20,38,.7) 48%,rgba(11,20,38,0) 100%)}
.hero .cap div{max-width:82rem;margin:0 auto}
.hero .cap h1{color:#fff}
.hero .cap p{color:#CBD4E3;font-size:.95rem;font-weight:300;max-width:34rem;margin:.9rem 0 0}

/* structure tree */
.tree{margin-top:2.5rem}
.grp{text-align:center;border:1px solid var(--navy);background:var(--navy);color:#fff;
  padding:1.1rem 1.4rem;max-width:26rem;margin:0 auto}
.grp .n{font-family:"Libre Baskerville",Georgia,serif;font-size:1.02rem}
.grp .s{font-size:.74rem;letter-spacing:.1em;color:#93A0B6;margin-top:.25rem}
.stem{width:1px;height:34px;background:var(--rule);margin:0 auto}
.span{width:calc(50% + 1.25rem);margin:0 auto;border-top:1px solid var(--rule);position:relative;height:0}
.span::before,.span::after{content:"";position:absolute;top:0;width:1px;height:24px;background:var(--rule)}
.span::before{left:0}.span::after{right:0}
.jurs{display:grid;grid-template-columns:1fr 1fr;gap:2.5rem;margin-top:0}
.jur{border-top:3px solid var(--rule);padding-top:1.2rem}
.jur.hk{border-top-color:var(--hk)}
.jur.ch{border-top-color:var(--ch)}
.jur h3{font-size:.74rem;letter-spacing:.14em;font-weight:600;font-family:"Open Sans",sans-serif;margin-bottom:.3rem}
.jur.hk h3{color:var(--hk)}
.jur.ch h3{color:var(--ch)}
.jur .reg{font-size:.85rem;color:var(--muted);margin-bottom:1.2rem}

/* entity cards */
.ents{display:grid;gap:1rem}
.ent{border:1px solid var(--rule);border-left:3px solid var(--rule);padding:1.3rem 1.5rem;background:#fff;
  display:block;text-decoration:none;color:inherit;transition:border-color .15s,transform .15s}
a.ent:hover{transform:translateY(-1px)}
.ent.hk{border-left-color:var(--hk)}
.ent.hk:hover{border-color:var(--hk);border-left-color:var(--hk)}
.ent.ch{border-left-color:var(--ch)}
.ent.ch:hover{border-color:var(--ch);border-left-color:var(--ch)}
.ent.pt{border-left-color:var(--pt)}
.ent.pt:hover{border-color:var(--pt);border-left-color:var(--pt)}
.ent .top{display:flex;justify-content:space-between;align-items:baseline;gap:1rem;flex-wrap:wrap}
.ent .nm{font-family:"Libre Baskerville",Georgia,serif;font-size:1rem;color:var(--navy);line-height:1.35}
.ent .ab{font-size:.68rem;letter-spacing:.12em;font-weight:600;color:var(--faint)}
.ent .lic{font-size:.82rem;color:var(--muted);margin:.7rem 0 0;font-variant-numeric:tabular-nums}
.ent .desc{font-size:.9rem;margin:.75rem 0 0;color:#333A45;max-width:none}
.ent .go{font-size:.8rem;margin:.95rem 0 0;color:var(--navy);border-bottom:1px solid var(--ch);
  display:inline-block;padding-bottom:1px}
.ent.hk .go{border-bottom-color:var(--hk)}
.ent.pt .go{border-bottom-color:var(--pt)}

/* holding note */
.hold{margin-top:2.6rem;border:1px dashed var(--rule);padding:1.2rem 1.5rem;background:#fff;max-width:46rem}
.hold h4{font-size:.74rem;letter-spacing:.13em;color:var(--faint);font-weight:600;
  font-family:"Open Sans",sans-serif;margin-bottom:.5rem}
.hold p{font-size:.88rem;margin:0;max-width:none;color:var(--muted)}

/* partners band */
.pband{border-top:3px solid var(--pt);padding-top:1.2rem}
.pband h3{font-size:.74rem;letter-spacing:.14em;font-weight:600;color:var(--pt);
  font-family:"Open Sans",sans-serif;margin-bottom:.3rem}
.pband .reg{font-size:.85rem;color:var(--muted);margin-bottom:1.2rem;max-width:44rem}
.pgrid{display:grid;grid-template-columns:repeat(auto-fit,minmax(19rem,1fr));gap:1rem}

/* disclaimer */
.disc{border-left:2px solid var(--navy);background:var(--wash);padding:1.5rem 1.8rem;max-width:46rem}
.disc h4{font-size:.95rem;margin-bottom:.5rem}
.disc p{font-size:.9rem;margin:0;max-width:none}

/* footer */
footer{background:var(--navy-deep);color:#B9C3D4;border-top:3px solid var(--ch)}
.fin{max-width:82rem;margin:0 auto;padding:3.6rem 2.5rem 2.4rem}
.fname{font-family:"Libre Baskerville",Georgia,serif;color:#fff;font-size:1.1rem;margin-bottom:2.2rem}
.fcols{display:grid;grid-template-columns:repeat(auto-fit,minmax(13rem,1fr));gap:2rem 2.5rem;
  border-top:1px solid rgba(255,255,255,.14);padding-top:2rem}
.fcols h4{font-size:.78rem;color:#6E7C93;font-weight:400;margin-bottom:.4rem}
.fcols p{font-size:.85rem;line-height:1.7;margin:0;color:#D2DAE6;max-width:none;font-variant-numeric:tabular-nums}
.fcols a{color:#D2DAE6;text-decoration:none;border-bottom:1px solid rgba(255,255,255,.25);font-size:.85rem}
.fcols a:hover{color:#fff}
.fbot{margin-top:2.4rem;padding-top:1.2rem;border-top:1px solid rgba(255,255,255,.14);
  font-size:.76rem;color:#6E7C93;display:flex;gap:1.5rem;flex-wrap:wrap}

@media (max-width:820px){
  .jurs{grid-template-columns:1fr;gap:2.5rem}
  .stem,.span{display:none}
  .jurs{margin-top:2rem}
}
@media (max-width:640px){
  .wrap,.bar,.fin{padding-left:1.35rem;padding-right:1.35rem}
  section{padding:3.2rem 0}
  .hero .cap{position:static;background:var(--navy-deep);padding:1.6rem 1.35rem}
  .hero img{max-height:none}
  nav{gap:1.1rem}
}
@media (prefers-reduced-motion:reduce){html{scroll-behavior:auto}.ent{transition:none}}
a:focus-visible{outline:2px solid var(--ch);outline-offset:3px}