[Webinar] Hong Kong Policy and Tax Update on the Fund Industry

CPT/CE Eligibility (A Recognized CPT Provider)

CPT hour(s)	1.5
PL (CE) hour(s)	1.5
RBV CPD hour(s)	1.5

EVENT DETAILS

(CODE: 210721LU-CEX)

Asset management is a key sector within the Financial Services industry in Hong Kong. There are more than 500 PE firms operating in Hong Kong, managing over HK$1.2 trillion capital. Funds are traditionally established/domiciled in the Cayman Islands but the Hong Kong Government has been taking steps proactively to make Hong Kong the Asia’s leading asset management centre. Despite this, we note that there are increasing competition from Singapore, has Hong Kong done enough to attract PE firms to establish their bases in Hong Kong?  

In this seminar, the speakers will share with you their insights on the following topics: 

• Recent trend on the fund structures

Hong Kong
•        Limited Partnership Fund regime – usages and market feedback
•        Legislation intention on re-domiciliation of offshore limited partnership structures to Hong Kong
•        Onshore fund vehicles in Hong Kong
•        Tax regime for funds in Hong Kong updates to the unified fund exemption regime 

Singapore
•        Onshore fund vehicles in Singapore
•        Tax regime for funds in Singapore

• Q&A 

Remarks:

–           This webinar is a complimentary event for Society members.  A webinar fee HK$150 will apply to registrants who are CFA exam candidates and non-members.

 –           To qualify for CPT/CE hours, all participants (members, candidates and non-members) must attend the full webinar.  After the webinar, Society staff will verify participants’ check-in and check-out time from the registration system for the purpose of issuing CPT Attendance Letters.  No pro-rata credit hours will be awarded.

 –           For candidates and non-members, please click the “Register” button above to complete the online payment and registration by 16 Jul 2021.  Please note that no registrations will be processed after this date. 

–           Upon completion of online registration on Society website, registrants will receive an email notification from events@cfahk.org. Society staff will then verify the registration details, registrant’s identity and payment status.  Zoom webinar join link will be emailed to eligible registrants 3 working days before the webinar.

 –           If you cannot find email notifications in your normal inbox, it is worth checking your spam or junk mail section.  If you have not received the email notification and reminder from the Society, it is the delegate’s responsibility to contact our staff office for assistance.

About the Speakers

Mr. Anson Law
Market Outreach Division
External Department
Hong Kong Monetary Authority

Anson focuses on financial market outreach and promotion, covering the asset and wealth management sector, including traditional and alternative asset managers, family offices and institutional investors. Prior to taking up his current role, Anson spearheaded development of Hong Kong’s private equity and venture capital fund market, including the mapping out of Hong Kong’s Limited Partnership Fund regime, broadening of tax exemption to cover onshore funds, etc. Anson also worked at HKMA’s Direct Investment team and Risk & Compliance Department, where he was responsible for Exchange Fund’s PE and real estate investments and investment operational and business risk compliance matters respectively. 

Before joining the HKMA, Anson was a member of the HKSARG Administrative Officer grade and served at various policy bureaux including Financial Services and the Treasury Bureau, where he closed the railway merger deal and advised on various public infrastructure financing projects; and Chief Secretary for Administration’s Private Office, etc., where he acquired extensive experience in policy formulation.

Ms. Vanessa Chan
Partner, Financial Services Tax
Hong Kong
EY

Vanessa is a Hong Kong based international tax professional with a primary focus on Financial Services industry. She has 20 years of tax experience and has deep knowledge about the financial service industry in Hong Kong, focusing on International tax and Hong Kong tax. She has extensive in-house tax experience and expertise in regional tax management. 

Prior to joining EY, she was a Senior Regional Tax Manager at Australia and New Zealand Banking Group Limited (ANZ) since 2010, joining from UBS. While in ANZ, she played a lead role in setting up the tax support function for the business in the region. In this role, she provided business tax advice dealing with all aspects of taxation for 10+ jurisdictions in APAC and across all business areas with a primary focus on the Global Markets and Treasury business which included fixed income, currencies and commodities, debt capital market, investment banking and commercial banking. She was also heavily involved in collaborating with the business on the implementation, monitoring and control of tax policies, processes and procedures and played a significant role in building up ANZ’s bullion business. 

When she was in UBS during 2006 – 2010, she was responsible for the overall management of the bank’s tax position in Hong Kong. While in this role, she gained extensive knowledge and practical and operational experience in Hong Kong stamp duty issues and has assisted the bank in various Hong Kong stamp duty remediation exercises.  

Since returning to professional practice, she has assisted a number of clients on various Hong Kong and international tax related activities and advising clients on the tax implications of financial transactions, commodity transactions and fund structures, utilizing her extensive in-house practical experience and her deep technical tax knowledge in the financial service industry.  

Vanessa also heavily involves in various international and Hong Kong tax policy matters and lobbying efforts, including BEPS project and BEPS 2.0, and various other Hong Kong tax incentive legislations.  Her clients include a number of large European financial institutions and Asia Pacific based financial institutions in the banking and capital markets sector, including CCB, ICBC, HSBC, CLSA, Citic, Morgan Stanley, Royal Bank of Canada as well as Noble Group. 

Rating – Intermediate
Material presented will have technical elements requiring a working knowledge of the subject to make full use of the presentation.  

CFA Societies Global Passport Program

CFA Society Hong Kong has participated in the CFA Societies Global Passport Program which allows CFA society members to enjoy local society member rate at selected events like this luncheon.  Members of non-CFA Society Hong Kong CFA Institute societies qualify to attend this event at CFA Society Hong Kong member rates.  Please contact CFA Society Hong Kong at events@cfahk.org to register

Remarks

This webinar is a complimentary event for Society members.  A webinar fee HK$150 will apply to registrants who are CFA exam candidates and non-members.

CPT Attendance Letter

– To qualify for CPT/CE hours, all participants (members and non-members) must attend the full webinar.  After the webinar, Society staff will verify participants’ check-in and check-out time from the registration system for the purpose of issuing CPT Attendance Letters.  No pro-rata credit hours will be awarded.

Other Details:

• CFA Societies Global Passport Program Eligible
• The event will be conducted in English.
• The webinar link and email confirmation will be sent to registrant upon successful online registration. 
• A webinar reminder will be sent out 1 day before the event. If you have not received the email confirmation and reminder, it is the delegate’s responsibility to contact CFA Society Hong Kong to confirm their place.
• The webinar will be conducted on Zoom.
• To qualify for CPT/CE hours, participants must attend the full webinar.
• Please log in the webinar link 10 mins in advance of the session start time to allow some time to solve the technical issues (if any) and the webinar will start promptly at 12:30 pm.
• For attendance-taking purpose, participants’ names and company names (if any) may be given to the speaker of this event.
• CFA Society Hong Kong will closely monitor and assess the ongoing situation of COVID-19 in the community.  Should there be any changes to the event dates and other arrangements, we will notify participants via SMS and/or email.  Notices will also be posted on Society’s website.  Please stay alert with our notifications.
• The event organizers reserve the right to change the format, date or speakers of the event due to unforeseen circumstances without prior notice.
• In case of dispute, the decision of CFA Society Hong Kong is final, and no further correspondences will be entertained.