Hong Kong rules out prop trading firms from planned fund tax breaks

Hong Kong Excludes Proprietary Traders From Sweeping Tax Break Plan

Hong Kong Excludes Proprietary Traders From Sweeping Tax Break Plan - The clarification refutes a media report as the city seeks to lure global capital and rival Singapore

Hong Kong Eyes New Tax Incentives to Attract Global Financial Talent and Capital

The post Hong Kong Eyes New Tax Incentives to Attract Global Financial Talent and Capital appeared first on YUAN TALKS.

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Hong Kong's efforts to attract hedge funds, family offices and trading firms with its low-tax regime are facing new limitations as the government clarifies which businesses qualify for preferential treatment. Proprietary trading firms are among those set to be excluded from expanded tax concessions,... Article link

Hong Kong rules out prop trading firms from planned fund tax breaks

Hong Kong’s proposed tax concessions for performance fees and carried interest will not be available to proprietary trading firms, putting an end to speculation that the city could extend its asset management incentives to the sector, according to a report by Bloomberg. The Financial Services and Treasury Bureau said Wednesday that the legislation would exclude businesses that use their own capital to buy, sell or hold assets for profit because …