Create a commodity trading ecosystem

Introduce tax concessions and support measures to attract enterprises from the Mainland and overseas, aiming to build a commodity trading ecosystem in Hong Kong.

Support the growth of emerging and future industries of strategic sectors

Set up a HK$10 billion I&T Industry Oriented Fund to channel more market capital to invest in specified strategic sectors like life and health technology, AI and robotics, semi conductors and smart devices, advanced materials and new energy.

Promote Development of High Value-added Maritime Services

Enhance the existing preferential tax regime by encouraging more shipping commercial principals and maritime service enterprises to establish presence in Hong Kong by providing tax exemptions for ship leasing business and offering half rate tax concessions for marine insurance, ship management, ship agency and ship broking.

Enhance Hong Kong ‘s status as an international asset & wealth management centre

Expand the scope of tax concessions - add qualifying transactions eligible for tax concessions for funds and single family offices.

Liquor Duty Reduction

The duty rate for liquor with an alcoholic strength above 30% has been reduced from 100% to 10% for the portion of the import price above HKD 200, while the duty rate for the portion of HK$200 and below, as well as liquor with an import price of HK$200 or below will remain unchanged.

For more information, please contact Ms. Amie Cheung at amie.cheung@lccpa.com.hk.