Core Insights - The event hosted by Ernst & Young focused on the practical issues related to private equity funds going abroad, emphasizing the importance of professional sharing and industry observation in this area [1] - The internationalization of the asset management industry is accelerating, presenting historic development opportunities for cross-border investments, making "funds going abroad" a hot topic among private equity managers [3] Group 1: Fund Structure and Compliance - Lawyer Hong Kan from Jingtian & Gongcheng discussed the planning of fund structures and licenses for private equity managers going abroad, suggesting that offshore models can be efficient and cost-effective for starting operations [5] - Chen Anqi from CITIC Securities highlighted key considerations for establishing and operating overseas funds, showcasing how fintech can reduce operational risks and improve attribution efficiency [7] - The importance of tax considerations in the establishment and operation of dollar funds was emphasized by Cheng Jing from Ernst & Young, who advised managers to consider tax impacts across multiple countries [10] Group 2: Tax Incentives and Regulations - Lin Junming from Ernst & Young discussed major tax incentives related to wealth and asset management in Hong Kong, including the unified fund tax exemption system and recent developments in these tax regimes [12] - The discussion included the optimization of tax incentive systems by the Hong Kong government and industry perspectives on these changes [12] Group 3: Accounting and Auditing Practices - Shan Feng from Ernst & Young addressed common accounting issues and auditing processes for Cayman dollar funds, recommending that managers choose appropriate accounting standards based on investor reporting needs [14] - The importance of considering the legal form and structure of the fund, as well as operational costs, was highlighted in the context of initial fund establishment [14] Group 4: Future Directions - Ernst & Young's wealth and asset management team aims to provide comprehensive support for private equity funds' cross-border development, addressing operational, compliance, and technological challenges [15] - The "Ernst & Young Private Equity Salon Series" will continue to focus on empowering private equity fund managers by sharing industry insights, market trends, and practical hotspots [19]