Hong Kong to Expand Tax Exemptions to Emerging Asset Classes

According to Odaily, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, revealed in a recent interview that the region is actively enhancing its tax exemption policies. The current exemptions, which apply to family offices and funds, are set to be extended to include emerging asset categories such as private credit, carbon credits, and digital assets. A bill is expected to be submitted to the Legislative Council next year to implement these changes.