The 2015-16 Budget
Budget Speech
TV Announcements
Press Releases
Photo Gallery
Related Documents
Previous Budgets
Related Links
Contact Us
Site Map
The 2016-17 Budget

符合萬維網聯盟有關無障礙網頁設計指引中2A級別的要求 | Level Double-A conformance, W3C WAI Web Content Accessibility Guidelines 2.0

無障礙網頁嘉許計劃 | Web Accessibility Recognition Scheme

* 繁 體 * 簡 体 *Mobile Version * Default Font Size Larger Font Size Largest Font Size *

Budget Speech

Asset Management

97.    Hong Kong's wealth and asset management business has been growing exponentially.  At end-2013, the combined fund management business recorded a year-on-year growth of 27 per cent, exceeding $16 trillion in total.

98.    In last year's Budget, I proposed to waive the stamp duty for the transfer of all exchange traded funds (ETF).  The relevant amendment ordinance was passed by the Legislative Council (LegCo) and the stamp duty waiver took effect on the 13th of this month.  We plan to table a bill in LegCo later to allow private equity funds to enjoy profits tax exemption available to offshore funds.  Furthermore, we are formulating legislative proposals to provide the legal framework for introducing an open-ended fund company structure.

99.    To attract multinational and Mainland enterprises to establish corporate treasury centres in Hong Kong to perform treasury services for their group companies, we shall amend the Inland Revenue Ordinance to allow, under specified conditions, interest deductions under profits tax for corporate treasury centres and reducing profits tax for specified treasury activities by 50 per cent.  The relevant bill will be introduced in the 2015-16 legislative session.



Content | Next Page

2015 * | Important notices | Privacy Policy  Last revision date : 25 February 2015