A fascinating race is developing in Asia between Tokyo and Singapore as they look to win over private and institutional wealth.
Earlier this year, Singapore launched their Variable Capital Company (VCC) regulatory structure, which can be used by both alternative and traditional funds and has already seen 70 set up, writes the Financial Times (https://lnkd.in/dwexbHv). Tokyo is likewise looking to incentivise funds.
This all comes as investors look for new options to Cayman and real or perceived concerns about Hong Kong’s future.
Tokyo and Singapore go toe to toe