Linked development puts spotlight on HK private equity
China DailyThe Chinese mainland and Hong Kong are brushing up the linked development of the private equity sector, cementing the Guangdong-Hong Kong-Macao Greater Bay Area as a global technology and innovation hub, and making the SAR a world wealth management center. For private equity industry practitioners and business advisers, the 18 measures, plus Hong Kong's proximity to the world's second-largest economy, will stimulate more overseas private equity funds to be registered in the city. "The government should offer operation flexibility regarding tax concessions for carried interest distributed by private equity funds operating in Hong Kong," says Jiang. "Also, by simplifying the licensing regime targeted at private equity fund managers in Hong Kong, and relaxing the definition of professional investors, the government can propel the development of the asset management business." The mainland's QFLP pilot scheme enables institutional investors from the Hong Kong and Macao SARs to invest in mainland private equity funds and venture capital enterprises in the Greater Bay Area.
History of this topic
Linked development puts spotlight on HK private equity
China Daily
Boom seen for private equity businesses
China Daily
Boom seen for private equity businesses
China Daily
Connecting to a brighter future
China DailyDiscover Related
Wealth Management Takes a Digital Balance: Striking the Right Balance Between Tradition and Innovation
China Daily
