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Hong Kong Lobbies for Time for Hedge Funds to Meet New EU Rules

Hong Kong’s government is in talks with the European Union to help hedge-fund managers in the city cope with proposed regulations that may make it harder to raise assets in Europe.

Hong Kong is lobbying the EU for a “dual regime” which would allow the current system under which they raise assets to continue for “a number of transition years” before complying with Europe’s “passport regime,” said Julia Leung, Hong Kong’s undersecretary of financial services and the treasury.