Key facts
- Hong Kong is considering a tax waiver on performance-based bonuses for fund managers.
- The move aims to enhance the city's competitiveness as an asset management hub.
- The Financial Secretary is exploring this policy to attract and retain talent.
Hong Kong is actively seeking to bolster its position as a leading international financial center, particularly in asset management. The government is exploring various policy incentives, including potential tax breaks, to attract and retain top talent and capital. This initiative comes as the city faces competition from other financial hubs and seeks to stimulate its economy.