1、Asset Management and Private Equity 2024 O 2024 KPMG,a Hong Kong(SAR)partnership and a member firm of the KPMG global organisation of independent member firms affiliated with KPMG International Limited,a private English company limited by guarantee.All rights reserved.2Asset Management and Private E

2、quity 2024 OutlookForeword34 General Outlook5 Chinese Mainland Opportunities6 IPOs and Liquidity8 Private Equity 10 Regulatory Developments 12 Tax Environment13 Virtual Assets 14 Family Offices15 ESG Developments16 About KPMG China17 Contact usAndrew WeirGlobal Chair,Asset ManagementVivian ChuiHead

3、of Securities and Asset Management,Hong KongDarren BowdernHead of Alternative InvestmentsHead of Asset Management Tax,ASPACForewordAs an asset management hub,Hong Kongs strategic location and its role as a gateway to China offers unparalleled access to opportunities in the worlds second-largest econ

4、omy,further solidifying its status as a prominent financial centre in the region.The report looks at the various factors that will impact the asset management and private equity industries in the Chinese Mainland and Hong Kong,including the decline in interest rates,lingering geopolitical tensions,e

5、lections to be held this year in several major economies,and the anticipated rebound in growth in the Chinese economy.Although there is naturally some difference of opinion among the asset management community about the outlook for 2024,it is clear that the asset management sector will continue to g

6、row in China and the rest of region.There is likely to be resurgence in IPO activity and deal-making in China as the Chinese government continues to promote economic reforms and open up its capital markets.The anticipated pick-up in IPO activity reflects confidence in Chinas long-term growth prospec