- Interest among Hong Kong bankers in Middle East opportunities grows.
- Bahrain-based Investcorp Holdings recently unveiled plans to launch a $1 billion fund.
- The favorable tax environment in the Middle East, with zero income tax, contrasts Hong Kong’s 16% maximum rate,
Hong Kong bankers are increasingly eyeing opportunities in the Middle East as interest in Asia’s self-acclaimed “World City” increases. This trend is marked by notable developments like the upcoming market forum co-hosted by the Hong Kong Exchange and its Saudi Arabian counterpart. As revealed by Bloomberg, this partnership signals the emerging collaboration between the two regions.
Moreover, Bahrain-based Investcorp Holdings recently unveiled plans to launch a $1 billion fund. This initiative targets Chinese companies listed in Hong Kong, further highlighting increased cross-regional investment strategies.
Bloomberg’s insights noted that the Middle East’s favorable tax environment is a significant catalyst for growing interest as the region’s “zero” income tax starkly contrasts Hong Kong’s 16% maximum rate.
This factor, coupled with the substantial wealth of Gulf countries, promi…
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