Hong Kong's Financial Development Strategy Focuses On Global Expansion And Sustainability

According to Odaily, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, has outlined a strategic approach to advance the financial industry through three key principles: high-end professionalization of financial services, expansion of international business networks, and deepening opportunities in sustainable finance. Hui emphasized that Hong Kong will continue to strengthen financial cooperation with various countries and regions, aiming to broaden international connections and further solidify its status as a global asset management hub. The proposed policy measures include expanding the types of transactions eligible for tax concessions for funds and single-family offices. These measures will cover emission derivatives/emission allowances, insurance-linked securities, loans and private credit investments, and virtual assets, catering to the diverse needs of global investors. This initiative is part of Hong Kong's broader effort to enhance its financial services sector and maintain its competitive edge in the global market.