Hong Kong to Expand Tax Benefits for Funds and Family Offices to Include Digital Assets and Precious Metals

The Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Haolian, stated at a meeting of the Legislative Council's Financial Affairs Committee that Hong Kong will optimize the tax system for funds, single family offices, and associated rights, expanding the scope of the tax exemption system to cover larger single investor funds and more eligible investments, including loans, private debt investments, digital assets, and precious metals. The relevant amendment bill will be implemented starting from the 2025/26 tax year after approval. Chen also mentioned that Hong Kong's Central Clearing and Settlement System for Gold will officially launch in the first quarter of next year, providing efficient and reliable clearing services for international standard over-the-counter gold trading.

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