ChainCatcher News, Hong Kong plans to exempt private equity funds, hedge funds, and super-rich investment tools from taxation on cryptocurrency, private credit investments, and other asset earnings.

This week, the Hong Kong government stated in a 20-page proposal that taxes are "one of the main considerations" for asset management companies when deciding on the location of their business, and the Hong Kong government hopes to create a "favorable environment" for them.

According to the proposal, the Hong Kong government aims to expand the scope of tax-exempt investments to include private credit, overseas real estate, and carbon emissions allowances. The government is conducting a six-week consultation on the plan.