News Snapshot:
The romance between private equity and Hong Kong may be over, before it even had a chance to begin. The state of play: Hong Kong officials in February announced plans to introduce a new carried interest tax scheme that is expected to be one of the world’s most generous. This came on top of Hong Kong’s existing effort to implement a limited partnership fund regime — all of which could make the city a more viable alternative to the Cayman Islands, particularly for Asia-focused funds. This week, Beijing passed a new security law for Hong Kong that effectively eliminates many...
