Lin Junming, financial services Hong Kong tax partner of Ernst & Young Tax & Advisory Limited, wrote an article in the Hong Kong Economic Daily titled "Tax Preferential Attracting Investment to Consolidate Hong Kong's Position as an International Financial Center."
The article points out that the Hong Kong government may consider optimizing Hong Kong's fund profits tax exemption regulations to cover virtual asset funds, in line with Hong Kong's general policy direction of developing virtual assets and cryptocurrency. At present, the virtual asset market, including cryptocurrency, continues to develop and begins to expand into the mainstream financial industry. There are already virtual asset trading platforms licensed by the Hong Kong Securities and Futures Commission on the market to provide services to retail investors, and there are already There are many virtual asset futures exchange-traded funds (virtual asset futures ETFs), and the Hong Kong Securities and Futures Commission is ready to accept applications for virtual asset spot exchange-traded funds (virtual asset spot ETFs). This move will undoubtedly promote the development of the virtual asset fund market.