Vistra Insights

Part 3 Hong Kong Limited Partnership Fund - Updates on Tax Concessions for Carried Interest

This webinar provides you updates on the tax concessions for carried interest and the future developments of the Hong Kong Limited Partnership Fund Regime.  

English session:

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Mandarin session:

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In recent years, the Hong Kong Government has stepped up efforts to promote Hong Kong’s development as a premier Private Funds hub. The establishment of the new Hong Kong Limited Partnership Fund Ordinance (Cap 637) (LPFO), which has been in effect since 31 August 2020, is a significant milestone for the Private Funds industry in Hong Kong as it provides a competitive fund structure that is faster, cheaper and more efficient to operate and maintain. 

Following this development, the Government recently published in the Gazette the proposed legislation on tax concessions for carried interest. In addition, a re-domiciliation mechanism for foreign funds is targeted to be introduced to the Legislative Council in the second quarter of 2021. What are the latest updates on the tax treatment for carried interest? What future developments should you be aware of? 

In this webinar, our panel of distinguished guest speakers from the Hong Kong Monetary Authority (“HKMA”), Sidley Austin, and KPMG will provide valuable information on this subject. 

Please join us for this highly informative interactive English session and stay ahead of the curve!

Agenda

  • Introduction
    Moderator – Albert Ming, Head of Alternative Assets, North Asia, Vistra
     
  • Update on Hong Kong's private fund platform
    Speaker – Anson Law, Market Outreach Division, HKMA 
     
  • The Hong Kong Limited Partnership Fund Regime: An Update
    Speaker – David Lee, Counsel, Sidley Austin
     
  • Practical examples of fund structures that could enjoy the carried interest tax concession and key considerations under the framework
    Speaker – Darren Bowdern, Head of Alternative Investments, KPMG
     
  • Q&A

 

Presenters

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CPT:  An attendance Certificate will be issued upon request after the session.

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