Hong Kong Financial Services and the Treasury Bureau Secretary Paul Chan published an article in his blog, promoting the development of the financial industry along the three major principles of high, wide and deep, including high-end specialization of financial services, expanding international business networks, and deepening sustainable financial opportunities. Paul Chan pointed out that in the future, Hong Kong will continue to strengthen financial cooperation with different countries and regions, broaden international connections, and further consolidate Hong Kong's position as a global asset management hub. Specific policy measures include plans to increase the types of eligible transactions for tax concessions that funds and single family offices can enjoy, covering emission derivatives/emission limits, insurance-linked securities, loans and private credit investments, as well as virtual assets, etc., to meet the needs of global investors for different assets. (Hong Kong Government News Network)
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