Will Hong Kong become the next Cayman Islands?

Once it was the Cayman Islands and Delaware as the go-to destination for funds, but Hong Kong’s entry into the race could change everything

Hong Kong’s long-awaited Limited Partnership Fund Bill will be effective from August 31 a new law that stands to fundamentally change Hong Kong as an international asset and wealth management centre.

At the moment, funds are mainly established in Hong Kong in the form of unit trusts or open-ended fund OFC companies. However, not all overseas fund managers are familiar with the Hong Kong's trust law or OFC regime.

Currently, it is much more common for fund managers to establish their funds, especially private equity funds via general partnerlimited partner structures, in offshore jurisdictions such as the Cayman Islands where they have the relevant Exempted Limited...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222