Tue, Sep 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

AIMA Hong Kong supports Financial Services Development Council initiative

Monday, November 18, 2013
Opalesque Industry Update - AIMA Hong Kong, the local branch of the Alternative Investment Management Association (AIMA), the global hedge fund industry association, has expressed its support for the Hong Kong Financial Services Development Council’s vision for Hong Kong as a pre-eminent international financial and asset management centre.

The six FSDC reports published today provide a framework of research and recommendations that address many of the challenges and opportunities that Hong Kong faces, amidst a highly competitive regional and global environment.

The development of a broader and deeper range of asset classes and product types will ensure that Hong Kong attracts new asset management flows and remains an attractive base for talent, all of which will increase the economic activities of the financial sector and its overall contribution to Hong Kong.

In particular, AIMA Hong Kong welcomes the development of an OEIC regime and advocates a competitive tax and regulatory framework as well as one that recognizes the importance of cost and process efficiencies in attracting asset managers to Hong Kong.

Philip Tye, Chairman of AIMA Hong Kong said, “The FSDC publications cover a broad range of initiatives which ensure that Hong Kong not only recognizes its strength as a global financial centre, but also builds on its position in the face of global and regional competition. Whilst Hong Kong is seen as a preeminent location for hedge funds in Asia, a holistic approach to taxation, regulation and environmental factors is important for the further development of the industry here in Hong Kong.”

Press release

bc

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Socially responsible investments grow in demand, but performance questions persist[more]

    Komfie Manalo, Opalesque Asia: A study by financial services firm TIAA-CREF showed that interest in socially responsible investing (SRI) is increasing rapidly, but investors are still asking if investing in an SRI strategy

  2. Regulatory - Ireland launches structure for passporting loan origination funds within EU[more]

    From Asiaasset.com: The Irish Funds Industry Association (IFIA) has introduced new loan origination capabilities that will offer Asian managers and investors a new structure under the European Union’s (EU’s) Alternative Investment Fund Managers Directive (AIFMD). The new structure will allow the mar

  3. Europe - Ed Miliband's war on hedge funds could damage City of London[more]

    From Telegraph.co.uk: Ed Miliband’s plans to wage war on hedge funds could be potentially more damaging to the City of London than even the financial transaction tax (FTT), senior banking sources warned on Tuesday night. The Leader of the Opposition took aim at a number of industries as part of his

  4. News Briefs - SEC probes Pimco ETF over pricing irregularities, BEPs: Action plan released and UK first to adopt country-by-country reporting[more]

    SEC probes Pimco ETF over pricing irregularities The Securities and Exchange Commission is investigating Pimco’s pricing of exchange traded funds, the latest cloud to hang over the world’s largest bond manager, which has been dogged by poor performance and management infighting. Pimco on

  5. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is