AIMA Hong Kong Seminar: Demystify the New California Market-Based Sourcing Rules (25136-2) for the Asset Management Industry

Hong Kong Tax In-person

AIMA invites you to this seminar on Tuesday 24 February 2026.                   

This session will provide a focused analysis of California's recently amended market-based sourcing regulation. We will dissect the new formal "look-through" provisions and their direct impact on how asset managers source their fee income, creating potential new state tax liabilities and filing obligations for firms with U.S. investors.                                  

AIMA Host: Michael Bugel, Managing Director, Co-head of APAC, AIMA

Speakers:

  • Darren Bowdern, Partner, KPMG China, Head of Asset Management Tax, ASPAC
  • Ling Chen, Tax Partner, Asset Management, KPMG
  • Matthew Sung, Audit Partner, Financial Services, Asset Management, KPMG
  • Michael Stenske, Tax Senior Managing Director, Asset Management, KPMG