Hong Kong proposes tax exemptions for crypto and alternative assets to attract more capital.

Hong Kong plans to exempt hedge funds, private equity funds, and family offices from taxes on gains from cryptocurrencies and other alternative assets like overseas properties and carbon credits. This move aims to boost Hong Kong's appeal as a wealth management hub and attract more capital, rivaling financial centers like Singapore and Switzerland. The proposal is currently in a consultation phase.

November 28, 2024
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