TechFlow news, on February 17, according to Insight Money, Financial Secretary of Hong Kong's Financial Services and the Treasury Bureau, Mr. Christopher Hui, announced at the Asian Securities Industry & Financial Markets Association annual meeting that Hong Kong will build world-class gold warehousing facilities, promote the London Metal Exchange (LME) to establish an approved warehouse in Hong Kong, and expand commodity storage capacity.
Mr. Hui stated that Hong Kong will relax asset valuation requirements under the Capital Investors Entry Scheme (CIES) and optimize tax regimes for funds and single family offices. Meanwhile, Hong Kong will introduce a new corporate re-domiciliation regime, increase green bond issuance, and deepen financial market connectivity with the mainland. In addition, the consultation on optimizing IPO market pricing will conclude on March 19.
