Tokyo FinTech
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Tokyo FinTech

Global Financial City Hong Kong: Race to the Bottom

Photo by Florian Wehde on Unsplash

What is carried interest?

A private equity (PE) fund is a collective investment scheme with its underlying assets primarily consisting of equity securities of private companies that are not publicly traded on a stock exchange. PE funds (including venture capital funds) are gaining popularity amongst investors and have become a key impetus to the growth of the asset and wealth management business in recent years. PE funds play a pivotal role in directing capital, talents and expertise into corporations, in particular start-ups in the innovation and technology sector.

Why did Hong Kong take these measures?

Like other global financial centers, Hong Kong wants to promote the development of the PE fund industry. However, the growth of Hong Kong’s PE fund industry was already deemed slower than competitors’, including Singapore, so it was necessary for Hong Kong to step up its efforts to enhance its competitive edge.



一般社団法人 (General Incorporated Association) Tokyo FinTech is registered as a non-profit organization in Japan, promoting the domestic ecosystem through innovation

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Norbert Gehrke

Passionate about strategy & innovation across Asia. At home in Japan. Connector of people & ideas.