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Market Impact: 0.25
The Two Cities Fighting for Asia’s Cash Crown
Source: Bloomberg
Tax & TariffsIPOs & SPACsPrivate Markets & VentureAntitrust & CompetitionEmerging Markets
Hong Kong is introducing tax exemptions on carried interest as it competes with Singapore to attract Asia’s billionaires and fund managers. The move comes amid an IPO boom and with backing from Mainland China; the article provides no figures on the exemptions or their expected impact.
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