Advocacy and Consultation

2024-25 Budget Speech "New"

The Executive Order of August 9, 2023

Consultation on ‘Enhancing Tax Certainty of Onshore Gains on Disposal of Equity Interests’

Consultation Paper on a Listing Regime for Specialist Technology Companies

18 Measures Supporting the Linked Development of Shenzhen and Hong Kong Venture Capital Investments in Qianhai

Consultation Paper on Proposed Amendments to Enforcement-Related Provisions of the Securities and Futures Ordinance (“SFO”)

Consultation on the ‘Proposed Refinements to Hong Kong’s Foreign Source Income Exemption (FSIE) Regime for Passive Income’


Submission on concession tax rate for family-owned investment holding vehicles

Recommendations on DIPN for Concession Tax Rate for Carried Interest

Guideline on Auditor’s Report for Application for Certification of Funds Issued by the Monetary Authority for Funds and their Investment Managers

The 2022-23 Budget Speech Consultation Session – Financial Services

HKEX’s Consultation Paper on Special Purpose Acquisition Companies

HKEX’s Corporate Governance Code Consultation Survey

HKEX’s Consultation Paper on Listing Regime for Overseas Issuers Issued in March 2021

Guidelines for the Certification of Funds

Inland Revenue (Amendment) (Tax Concessions for Carried Interest) Bill 2021

2021 Budget Speech Support for the Private Capital Industry

Consultation on ‘Management and Disclosure of Climate-related Risks by Fund Managers’

Policy Address 2020: The Announcemen of Tax Concession for Carried Interest

HKSAR Consultation Paper on Tax Concession for Carried Interest

Financial Industry Recruitment Scheme for Tomorrow (FIRST)

The HK Government is introducing a job creation scheme designed for the Financial Services sector. It is intended to be available to Private Equity firms' HK operations - but please note that, at present, only SFC-licensed firms will be eligible.

The FIRST scheme provides a government subsidy of HK$10,000pm for up to a year for new hires in eligible firms. Effort has been made to make the scheme easy & simple to operate - unfortunately at the cost of limiting it to licensed employers only. For licensed firms - it is well worth studying this presentation to see if your firm might be able to use the FIRST scheme.

HKSAR Limited Partnership Fund Bill

HKSAR Budget Speech 2020

Letter to Cayman Islands Government for Private Funds Bill, 2020

A specific issue of HK LP regime proposal: re-domiciling limited partnerships from offshore to Hong Kong

Consultation on ‘Proposals to establish a Limited Partnership Regime for Funds’

Profits Tax Exemption for Funds – Inland Revenue (Amendment) Bill 2018

Consultation on Ring-fencing

Consultation on A Listing Regime for Companies from Emerging and Innovative Sectors

Consultation on Proposed Amendments to the Inland Revenue (Amendment) (No. 4) Bill 2017 (“the Bill”) on OFCs

Extension of Profits Tax Exemption to Onshore Privately Offered Open-ended Fund Companies (FSTB)

Offshore Funds Tax Exemption (FSTB)

Weighted Voting Rights (HKEx)

Open-Ended Fund Companies Consultation Paper (FSTB)

2013 Policy Address (FSTB)

European Directive on Alternative Investment Fund Managers (FSTB)