Hong Kong will broaden the scope of its tax exemption regime for funds to cover digital assets and other qualifying investments, according to Secretary for Financial Services and the Treasury Christopher Hui. Speaking at an award ceremony, Hui said the government plans to further refine preferential tax arrangements for funds, single family offices, and carried interest in line with industry development. The proposal would extend the exemption framework to sizable single-investor funds and a wider set of eligible assets, including loans, private credit investments, digital assets, and precious metals. If the relevant bill is passed, the updated measures could take effect from the 2025/26 year of assessment. Hui also said Hong Kong has become the world’s largest cross-boundary wealth management center. Assets under management in the city reached a record HK$42.2 trillion last year, while net fund inflows nearly tripled to HK$2.1 trillion. More than 3,380 single family offices are now operating in Hong Kong, and the government aims to help at least 220 more family offices set up or expand in the city between 2026 and 2028.
Hong Kong will expand the scope of its tax exemption regime for funds to include digital assets and other qualifying investments, Secretary for Financial Services and the Treasury Christopher Hui said in remarks at an award ceremony.
Hui said the government will further refine preferential tax arrangements for funds, single family offices, and carried interest to match industry development. The main proposal would extend the exemption regime to sizable single-investor funds and cover more eligible investments, including loans, private credit investments, digital assets, and precious metals. If the relevant bill is passed, the updated measures could be implemented starting from the 2025/26 year of assessment.
He also said Hong Kong has risen to become the world’s largest cross-boundary wealth management center. Assets under management in the city climbed to a record HK$42.2 trillion last year, while net fund inflows nearly doubled to HK$2.1 trillion. More than 3,380 single family offices are currently operating in Hong Kong. The government’s target is to help no fewer than 220 family offices establish or expand operations in the city between 2026 and 2028.
The report cited a Hong Kong government press release.
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