Hong Kong SAR Government Releases "Hong Kong Corporate Treasury Centre Development Action Plan"

Odaily News Hong Kong SAR Secretary for Financial Services and the Treasury Bureau (FSTB), Christopher Hui, today (9th) announced the "Hong Kong Corporate Treasury Centre Development Action Plan" at the Corporate Treasury Centre Forum. The Action Plan proposes targeted strategies to strengthen Hong Kong's position as a major hub for multinational corporate treasury centres, elevating Hong Kong as a primary base for such centres and reinforcing its platform role for "bringing in and going global."

Compiled jointly by the FSTB, the Inland Revenue Department, the Hong Kong Monetary Authority (HKMA), and Invest Hong Kong, the Action Plan has two major objectives: to attract more multinational corporations to establish corporate treasury centres in Hong Kong and to assist existing corporate treasury centres operating in Hong Kong in scaling up, fully leveraging Hong Kong's comprehensive financial ecosystem. (Greater Bay Area Voice)