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Hong Kong has taken another major step towards establishing a new limited partnership regime for investment funds with the publication of the Limited Partnership Fund Bill ("LPF Bill") on 20 March 2020. The LPF Bill, which is expected to be enacted as the Limited Partnership Fund Ordinance (LPFO) and to come into operation on 31 August 2020, will provide a new standalone statutory framework for the constitution of limited partnership funds (LPFs) in Hong Kong.

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