Hong Kong’s Asset Management Sector Set to Boom Following Tax Reforms: KPMG Report

Hong Kong’s asset management industry is poised for substantial growth following the long-awaited reforms to its fund exemption rules and carried interest regime. KPMG’s latest “Hong Kong Asset Management and Private Equity Outlook” indicates that these reforms are expected to attract a significant influx of regional and global asset managers to the city. The reforms come at a time when Hong Kong’s asset management sector is experiencing renewed momentum, with total assets under management (AUM) rising by 20% to a record high in 2025. The reformed Unified Fund Exemption (UFE) regime, described as the most significant tax development in a…