TechFlow reported that on October 21, according to the financial industry, Hong Kong Financial Services and Treasury Secretary Paul Chan announced in his blog "Treasury Theory" that the government plans to optimize the current tax incentives provided to the asset and wealth management industry in many aspects to further promote the development of the industry. Among them, virtual assets are expected to be included in the eligible asset category and enjoy profits tax exemption.

Paul Chan said that the Hong Kong authorities proposed to expand the eligible asset category to include carbon emission derivatives, emission limits, insurance-linked securities, loans and private debt investments, and virtual assets. This move is aimed at coordinating the overall financial development strategy of the Treasury Bureau so that transactions in these assets can also be exempted from profits tax.