TechFlow reported on October 21, according to Financial News, that Hong Kong's Financial Secretary Paul Chan, in his blog "Financial Perspectives," announced the government's plan to enhance existing tax incentives for the asset and wealth management industry from multiple aspects, further promoting industry development. Among these measures, virtual assets are expected to be included in the list of qualifying assets eligible for profits tax exemption.
Paul Chan stated that the Hong Kong authorities propose expanding the list of qualifying assets to include carbon emission derivatives, emission allowances, insurance-linked securities, loans, private credit investments, and virtual assets. This initiative aims to align with the Financial Services and the Treasury Bureau's overall financial development strategy, granting profits tax exemption to transactions involving these assets.
