Hong Kong tipped to clarify rules on PE licensing

Foreign private equity firms are still struggling to decipher the “messy” regulatory environment in Hong Kong for those with offices in the city, says the counsel at one international PE manager. But more clarity will soon be needed, given that the Hong Kong government said in February it would consider offering profit tax exemptions to foreign PE firms with offices registered with the Securities and Futures Commission. (Such exemptions are already in place for mutual funds and he…