New HK LP funds tipped to attract China state capital
Chinese and HK state investors may well expect private fund firms to use the new limited partnership regime, for which a proposal is imminent, says a lawyer involved in the process.
There are still issues to be resolved in respect of Hong Kong’s planned limited partnership for funds (LPF), for which a proposal is due to be submitted in the first half of this year. Perhaps the biggest question is to what extent tax concessions will be applied to carried interest under the regime.
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