Hong Kong has implemented a number of regulatory and legislative changes to support its growth as a financial hub in Asia. The introduction of the Limited Partnership Fund (LPF) regime, amendments to the existing Open-Ended Fund Company (OFC) regime and reforms to change the tax treatment of carried interest are the most lauded changes being ushered in.
This report outlines the trajectory the jurisdiction is expected to follow in achieving its objectives. As travel restrictions begin to lift, business from Chinese managers is anticipated to increase. Further, in view of investors’ continued appetite for alternative assets, Hong Kong can offer managers the opportunity to tap into Asian assets and investors. The report also discusses how managers are broadening their fund portfolio and planning to launch several funds from a single umbrella structures, with Hong Kong playing a central role.