Woofun AI reports that KPMG’s latest outlook highlights how reforms to Hong Kong’s fund tax exemption and carried interest concession systems are poised to draw global asset managers. Under the updated framework, qualifying carried interest and performance fees face a 0% effective tax rate for both corporations and individuals based in the region. Data indicates Hong Kong’s assets under management rose 20% year-on-year in 2025 to a record high, while net fund inflows increased 193%, tripling the previous year’s figure. KPMG projects total IPO fundraising to reach approximately HK$350 billion, with the ETF market expected to expand as demand shifts toward virtual assets and tactical trading.