AIMA publishes report to promote Hong Kong as alts centre

Hong Kong2If Hong Kong is to retain its status as the primary jurisdiction for alternative investments in Asia, there needs to be dialogue and agreement between policymakers, regulators, asset managers, investors and service providers. This is the conclusion of a report produced by the Alternative Investment Management Association (AIMA) in association with PwC Hong Kong. The report, ‘Alternatives in Hong Kong: Building on the City’s Strengths’, identifies six ‘pillars’ it deems to be critical to the continued growth of Hong Kong’s alternatives market. These comprise rule of law; tax system; regulatory environment; talent pool; capital markets; and proximity to mainland China. While Hong Kong is the dominant alts domicile in the Asia-Pacific market, it still lags some way behind New York and London on a global scale. According to Lisa Tsui, partner, asset and wealth management, PwC Hong Kong, there is still much more room to grow given the increase in wealth in China and the region. “Between 2009 and 2020, billionaire wealth in Mainland China grew twelve-fold,” said Tsui. “By comparison, billionaire wealth in the US and UK grew less than three times. This significant shift in global wealth is not yet reflected in the growth of Hong Kong’s alternative investments sector.” “Now is the time for all stakeholders with skin in the game to collaborate on how to strengthen Hong Kong’s strategic blueprint in order to attract – and retain – alternative asset managers to ensure Hong Kong continues to be a leading international financial centre in Asia,” said Phillip Meyer, chair, executive committee Hong Kong, AIMA. © 2022 funds global asia


A quiet revolution in Japan’s corporate governance

revolution, Japan, corporate governance, Shareholders, corporate, governance, standards, improvement, Tetsuro Takase, SuMi TrustShareholders in Japan no longer accept below-par corporate governance standards. Changes...

Why rising demand for healthcare is creating investment opportunities in China

rising demand, healthcare, investment, opportunities, China, Robert St Clair, Investment Strategy, Fullerton Fund ManagementRobert St Clair, head of investment strategy at Fullerton Fund Management, explores the...

Why take advantage of the recent dip in China’s internet sectors

advantage, China, internet, market, OctoberChina's internet market presents one of the most compelling long-term growth potentials for investors today, given the catalysts supporting the...

India’s growing importance to the global economy

India, importance, global economy, Apple, iPhone, ChinaThe China Plus One narrative might affect “the world’s factory” and give opportunities for India and other countries well-placed to assume...

Executive Interviews

Executive interview: PGIM CEO on where the ESG flowers should bloom

Sep 27, 2021

David Hunt, president and chief executive of PGIM, tells Romil Patel about leading a top 10 global asset manager in times where “empowering and encouraging the kind of investment decisions as...

Executive interview: Nicolas Moreau’s orderly transition

Jul 12, 2021

Nicolas Moreau, CEO of HSBC Asset Management, is moving to Asia as the firm looks to connect more directly with the region’s growth story. ESG is also a key focus – including the ‘just’ carbon...


Roundtable: Singapore comes of age as an Asian ESG hub

Dec 01, 2021

Strong ESG credentials strengthen the case for Singapore as a leader in Asia of the post-Covid recovery. Our panel discusses the risks and opportunities.

Roundtable: How well geared are Japanese assets for a new world?

Jul 12, 2021

As we prepare to emerge from Covid, experts look at overcoming demographic issues through a combination of good tech and corporate governance, improving productivity and meeting an ambitious government carbon emissions reduction target. Chaired by Romil Patel.