Hong Kong plans to follow Trump's example and exempt cryptocurrency taxes. The key measures are:
🔸Hong Kong plans to exempt private equity funds and hedge funds from crypto taxes to attract foreign investment;
🔸Through tax incentives, it aims to compete with global financial centers such as Singapore and Luxembourg;
🔸The proposed tax measures will enhance Hong Kong's attractiveness as a major offshore financial center;
UBS CEO Sergio Ermotti also said this year that Switzerland may lose its position as the world's leading wealth management center, and Hong Kong may replace Switzerland.