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HK Govt Mulls Tax Exemption on Fund Managers' Performance Bonuses to Woo Investment Talent: Wire
2026-05-29 18:08:47 The Hong Kong government is considering exempting fund managers' performance bonuses from tax in order to attract investment talent, Reuters, citing market participants and sources familiar with the plan, reported. Currently, Hong Kong levies tax of up to 17% on performance-based bonuses linked to investment returns. The reform would make Hong Kong the first major financial center in Asia to introduce tax concessions for carried interest, namely profit-sharing linked to investment performance. The move is expected to attract top wealth managers and star investors to establish a presence in the city. A spokesperson for the Financial Services and the Treasury Bureau told Reuters the tax plan aims to reinforce Hong Kong's competitiveness as the premier asset and wealth management center in the region. ~ AASTOCKS Financial News Website: www.aastocks.com | |