Deputy Secretary for Treasury: Hong Kong to Expand Tax Concessions for Funds and Family Offices, Digital Assets and Precious Metals to Be Included

Odaily: At the Legislative Council Panel on Financial Affairs meeting during the briefing on the work of the Financial Services Development Council, Deputy Secretary for Financial Services and the Treasury (FSTB) Chen Haolian stated that Hong Kong will further optimize the preferential tax regimes for funds, single family offices, and carried interest, including expanding the scope of the tax exemption regime to cover larger-scale single investor funds and more eligible investments such as loans and private credit investments, digital assets, and precious metals. Upon passage of the relevant amendment bill, the measures can be implemented from the 2025/26 tax year onwards.

Chen Haolian also said that the Hong Kong Gold Central Clearing and Settlement System will officially commence operation in the first quarter of next year, providing efficient and reliable clearing services for international-standard over-the-counter gold trading. (Hong Kong SAR Government Press Release)