Hong Kong plans to expand the scope of tax exemptions to digital assets and will submit a bill next year

In a recent interview, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, revealed that Hong Kong is continuously optimizing its tax exemption policies. The plan is to further expand the current scope of tax exemptions from family offices and funds to emerging product categories such as private credit, carbon credits, and digital assets, with a bill to be submitted to the Legislative Council next year.