Hong Kong Financial Secretary Paul Chan Mo-po stated in an interview that Hong Kong plans to include precious metals in the preferential tax treatment investment scope for funds and family offices. Paul Chan said that the applicable scope will not be limited to local gold products. The goal is to make funds or capital sources more willing to be placed in Hong Kong. Currently, there are certain restrictions on gold exports by the country, but if the gold itself is overseas, it may be possible to legally and compliantly enter Shenzhen through Hong Kong, utilize some refining services and facilities in Shenzhen, and then take it out after completion. Regarding the company registration system, Paul Chan indicated that since the system was launched in May last year, more than 30 applications have been received, of which two-thirds have been approved. (Sina Finance)
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Hong Kong plans to include precious metals in the preferential tax treatment investment scope
Hong Kong Financial Secretary Paul Chan Mo-po stated in an interview that Hong Kong plans to include precious metals in the preferential tax treatment investment scope for funds and family offices. Paul Chan said that the applicable scope will not be limited to local gold products. The goal is to make funds or capital sources more willing to be placed in Hong Kong. Currently, there are certain restrictions on gold exports by the country, but if the gold itself is overseas, it may be possible to legally and compliantly enter Shenzhen through Hong Kong, utilize some refining services and facilities in Shenzhen, and then take it out after completion. Regarding the company registration system, Paul Chan indicated that since the system was launched in May last year, more than 30 applications have been received, of which two-thirds have been approved. (Sina Finance)