Why Covid-19 gives HK an impetus for its PE plans

Hong Kong has lagged Singapore in revamping its limited partnership regime to attract more private equity (PE) investment, but the city’s resilience in battling the coronavirus outbreak coupled with China’s economic rebound could give its stalled PE initiative a new-found edge. With cashed-up investors and fund managers ready to pounce on assets that are hit by the pandemic, Patrick Yip, vice-chair of Deloitte China, said that the city might be able to “make a head start and grab …