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Event Details

Hong Kong and Singapore are Asia's leading asset management hubs, and both have introduced new onshore fund regimes to attract capital and managers.


Historically, the Cayman Islands has been the preferred jurisdiction for establishing an offshore fund by Asia-based asset managers.


However, Singapore and Hong Kong have been introducing domestic fund regimes that are designed to compete with the traditional Cayman Funds structures commonly used by managers in Asia.


Hong Kong has introduced Open-ended Fund Company (OFC) regime and will soon introduce a new Limited Partnership Fund regime. Singapore also recently introduced the Variable Capital Companies Act (VCCA), which is proving to be popular as a corporate structure for investment funds. Singapore is also a common jurisdiction for funds establishing their investment holding platforms.


There is considerable interest by managers in these new fund vehicles as well as the associated onshore investment platforms in Asia, reflecting a global trend to bring operations and investment structures onshore. Going forward, asset managers looking to raise capital in Asia will therefore have more alternatives for fund vehicles than ever before.


In this webinar we will examine trends in onshore fund platforms in Hong Kong and Singapore, as well as some of the key practical considerations in deciding which structure may be appropriate. Session highlights include:


· The new Hong Kong Limited Partnership Fund Regime and related tax implications

· An overview of the Hong Kong OFC and Singapore VCC regime

· A comparison of the funds exemption regimes in Hong Kong and Singapore

· Recent trends in the use of investment structures by funds in Asia, tax implications and key points

· Practical considerations for choosing a fund structure


There is no charge for joining the webinar, although early registration is recommended. Please indicate your availability to attend this webinar by clicking on the registration button above.

Jun 30, 2020

12:30 PM - 2 PM

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Agenda

Speakers

  • Darren Bowdern (Head of Alternative Investments, Hong Kong at KPMG China)

    Darren Bowdern

    Head of Alternative Investments, Hong Kong at KPMG China

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  • Sandy Fung (Partner, Tax, Alternative Investments at KPMG China)

    Sandy Fung

    Partner, Tax, Alternative Investments at KPMG China

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  • Teo Wee Hwee (Partner, Head of Asset Management & Real Estate (Tax) at KPMG Singapore)

    Teo Wee Hwee

    Partner, Head of Asset Management & Real Estate (Tax) at KPMG Singapore

  • Anulekha Samant (Tax Partner, Asset Management & Real Estate at KPMG Singapore)

    Anulekha Samant

    Tax Partner, Asset Management & Real Estate at KPMG Singapore

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