Asset and Wealth Management in Hong Kong – Tax Recommendations towards Further Development
25 May 2022
Hong Kong’s asset and wealth management (AWM) industry has prospered over the past years thanks to the city’s unparalleled advantages as an international financial centre, and the collective efforts of the industry and the HKSAR Government. However, the economic and geopolitical changes that have taken place reminds us that Hong Kong should not rest on its laurels. Improvements to the existing tax laws and policies are needed for Hong Kong to retain its competitiveness and cement its position as a leading international AWM hub.
The FSDC has formed a dedicated Working Group comprising of tax experts to review the existing tax laws and identify potential measures that can bolster the AWM ecosystem and industry in Hong Kong, and support the organic growth of asset classes, asset owners, and service providers alike.