Xu Zhengyu: The SAR government plans to expand tax incentives for family offices and funds.

Hong Kong Financial Services and Treasury Bureau Director Rex Auyeung said that Hong Kong has done well in its initial public offerings (IPO) and regulation of financial services, but needs to consider how to continuously enhance its competitiveness and financial infrastructure. Auyeung mentioned at an event that in the current global changes, the requirements and importance of financial development are highlighted, emphasizing the need to strengthen security measures with the goal of having both existing businesses and infrastructure in Hong Kong in the future. He mentioned that he hopes Hong Kong will be both internationalized and a comprehensive financial center, including not only stocks and bonds, but also commodities starting from gold to precious metals. The government has recently been actively promoting the development of the gold market, and he revealed that the government plans to expand tax incentives for family offices and funds, covering more asset classes, including precious metals. Auyeung stated that with the recent global shift in power dynamics, the situation in the Middle East region reflects the security, certainty, and predictability of China and even the Asian region. He believes that investing in Asia and investing in countries through Hong Kong is timely.