HK security law adds to obstacles facing PE hub plans
Hong Kong’s limited partnership fund bill passed on July 9, but it faces many problems if it is to succeed, including inertia and potentially the city's controversial new security law.
Hong Kong’s limited partnership fund (LPF) bill was finally approved on Thursday (July 9) and is slated to take effect on August 31, fuelling hopes that it will enable the territory to compete better with Singapore as a fund domicile and investment hub for private equity strategies.
But the city's aspirations will have to contend with the likelihood it will struggle to convince users of well-established domiciles to begin using Hong Kong as a base. And that difficulty will not hav…
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