Hong Kong plans to expand tax concessions for funds, single-family offices and carried interest, with digital assets and precious metals among the proposed eligible investments. According to Odaily, Under Secretary for Financial Services and the Treasury Christopher Hui said at a Legislative Council Panel on Financial Affairs meeting that the exemption regime could also cover sizable single-investor funds and additional investments, including loans and private credit. If the relevant amendment bill passes, the measures could take effect from the 2025/26 tax year.
Hong Kong’s central gold clearing and settlement system is scheduled to begin operations in the first quarter of next year, providing clearing services for over-the-counter gold trades that meet international standards, according to a Hong Kong government news release.