BusinessQuiet 95d · day 95
Hong Kong expands tax reform to include proprietary trading firms
Territory aims to attract top financial talent and compete with Singapore through widened 'big bang' tax overhaul.
What to know
- Hong Kong is expanding its 'big bang' tax reform to include proprietary trading firms, not just asset managers, in an effort to attract global financial talent.
- The move is explicitly competitive, targeting Singapore as a rival financial hub for recruiting top-tier talent.
Hong Kong Government Policy makerJane Street Proprietary trading firm
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