Hong Kong 2025 Policy Address Maps Tax, Digital, Family Office Push

Hong Kong 2025 Policy Address maps tax, digital and family office measures to strengthen the city’s role as a global financial hub, family office base and fund services centre. The government granted authority to introduce tax concessions directly, including a half-rate for commodity trading firms by 2026, alongside doubled child allowances and enhanced regimes for funds, carried interest and single family offices. Wealth Management Connect 2.0 expanded accounts more than fourfold, while IPO fundraising surged to HKD130bn (USD16.6bn), the highest globally this year. Digital initiatives include tokenised deposits under Project Ensemble, a new stablecoin licensing regime and an AI supercomputing centre. Other measures feature legal mediation hubs, AI-driven governance, and higher capital investment thresholds to draw long-term inflows.