SFC hatching rules to lure more funds to city

Financial Secretary John Tsang Chun-wah said in his budget speech on Wednesday that the government would propose changes to extend profits tax exemptions to offshore private equity funds. He also planned changes to allow Hong Kong funds to set up as open-ended investment companies instead of as trusts, as required under existing rules.

via Business feed http://www.scmp.com/business/banking-finance/article/1164175/sfc-hatching-rules-lure-more-funds-city