In this report, KPMG experts share their thoughts on the prospects for the asset management and private equity sector in 2023.

Asset management activity is expected to resurge in the year ahead, now that both the Hong Kong (SAR) and the Chinese Mainland have reopened their borders and eased other restrictions. Fund managers in Hong Kong will now have the opportunity to deploy some of the dry powder that has amassed.

The outlook reviews the latest global and local regulatory developments affecting asset managers, and looks at some of the tax incentives that have been rolled out in Hong Kong to support the development of the sector. It also considers some key topics including ESG, virtual assets and the upcoming launch of the eMPF platform.