Policy Address
Further Promoting the Development of Private Equity Funds
45. With a view to consolidating Hong Kong’s position as Asia’s premier fund hub for private equity, we will provide tax concession for carried interest issued by private equity funds operating in Hong Kong subject to the fulfilment of certain conditions. We have consulted the industry and are formulating the legislative proposal with the aim of introducing an amendment bill into the LegCo shortly.
Family Office Business
46. The family office business has flourished in recent years, becoming an important growth segment in the wealth and asset management industry. To further develop the family office business in Hong Kong, InvestHK will set up a dedicated team to step up promotion of our advantages in local and other major markets, and offer one-stop support services to family offices which are interested in establishing a presence here.
