Hong Kong tax bill spurs hedge fund rush and rattles banks
Why it matters: The proposed carried-interest break could pull traders and new fund launches from rivals including Singapore and Dubai.
Bloomberg, The Business Times (Singapore)
Subject
#Hedge Funds
Hong Kong moves to scrap tax on hedge fund performance pay
What's new: The proposed exemption would apply retroactively to April 1, 2025, covering eligible carried interest across more asset classes.