Hong Kong Expands Tax Exemptions for Digital Assets, Targeting Global Investment

Hong Kong is aiming to further its financial market appeal by expanding tax exemptions for digital assets, private credits, and carbon credits. This move, designed to attract global capital and diversify financial options, is expected to stimulate markets by offering new investment opportunities. Secretary for Financial Services and the Treasury, Christopher Hui, emphasized this expansion as part of Hong Kong’s long-term strategy for growing its financial market offerings. The plan echoes successful initiatives in traditional finance, like family office tax breaks, which boosted the city’s reputation as an asset management hub. ]