Hong Kong Finance
Hong Kong has gazetted a tax reform bill exempting private equity and venture capital funds from tax on performance-linked income. The bill is scheduled for lawmakers to read on June 24 and aims to attract talent to strengthen the city's role as a wealth hub.
Reported by AI
Analysts and investors say the Hong Kong Monetary Authority’s (HKMA) cautious issuance of only two stablecoin licences to traditional banks prioritises risk control but limits Hong Kong’s digital asset ambitions. The market had expected at least three licences for issuers from broader backgrounds.