New Limited Partnership Fund regime introduced in Hong Kong

Article

New Limited Partnership Fund regime introduced in Hong Kong

A game changer for the fund management industry

Executive Summary

The Hong Kong’s Legislative Council passed the Limited Partnership Fund Bill (“the bill”) on 9 July 2020, allowing the long-awaited limited partnership regime for funds (the “LPF regime”) designed for private funds to come into operation on 31 August 2020. The aim of the LPF regime is to attract investment funds (including private equity and venture capital funds) to set up and operate in Hong Kong. Together with the unified Hong Kong tax exemption regime for funds (which provides Hong Kong tax exemption to all funds, provided certain conditions are satisfied), the LPF regime is not only attracting more funds to Hong Kong and accelerating the development of these private funds, but also driving up the demand for capital, talent and expertise from different sectors, including technology and professional services that can take advantage of the tremendous business opportunities inherent to the Greater Bay Area.

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Performance magazine issue 34, January 2021

Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.

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