Daily Market Updates: Hong Kong bars proprietary trading firms from planned fund tax breaks

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Hong Kong bars proprietary trading firms from planned fund tax breaks

Reported · Written up by our desk · Fund Industry

Hong Kong will not extend proposed tax concessions for performance fees and carried interest to proprietary trading firms, according to a report cited by Hedgeweek.

The decision is aimed at ending speculation that the city could widen its asset management incentives to include the prop trading sector, the outlet said.

As a result, the planned fund tax breaks will remain limited to eligible fund managers under the current proposal.

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Sources

HedgeweekHong Kong rules out prop trading firms from planned fund tax breaks

ETFs & Funds

Hong Kong bars proprietary trading firms from planned fund tax breaks

More like this

Sources

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