FT News Briefing Hong Kong woos asset managers with potential tax cuts
24 snips
Mar 27, 2026 
Arjun Neil Allam, the FT’s Hong Kong-based Asia finance reporter, tracks the city’s proposed tax breaks for asset managers and its rivalry with Singapore and Dubai. Jill Plimmer, the FT’s infrastructure correspondent, dives into London’s booming rubbish-burning power plants. Also in focus: the UAE’s role in efforts to reopen the Strait of Hormuz and the market jitters around it.
AI Snips
Chapters
Transcript
Episode notes
Hong Kong Pushes Tax-Free Carried Interest Wider
- Hong Kong plans to loosen carried-interest rules so more hedge funds, private equity firms, and family offices can earn performance fees tax-free.
- Arjun Neil-Allam says the move would sharpen Hong Kong’s edge against Singapore and Dubai as it builds on a recent revival driven by mainland listings and Chinese capital inflows.
London Doubles Down On Burning Waste For Power
- London’s energy-from-waste boom turns non-recyclable black-bag rubbish into electricity, helping avoid landfill while creating a profitable private-sector business.
- Jill Plimmer says 65 UK plants already operate and 10 more are coming, even as critics argue incinerators discourage recycling, pollute, and concentrate in poorer areas.
Trump Tariffs Reshaped Trade Through Uncertainty
- The FT frames Trump’s tariff upheaval as a trade-system shock that pushed other countries away from copying the US rather than toward it.
- Victoria Craig cites Alan Beattie’s Brexit analogy, while Marc Filippino reports a Maryland clothing company said sudden tariff swings felt like "playing battleship."