Odaily Planet Daily News: As Hong Kong strives to enhance its attractiveness as a wealth management center, Hong Kong plans to exempt hedge funds, private equity funds and certain family offices from tax on investment income from cryptocurrencies and other alternative assets. In a consultation document disclosed by Reuters, the Financial Services and Treasury Bureau proposed to expand the capital gains tax exemption to cover assets such as overseas property, carbon credits, private credit, virtual assets, etc., and apply to investment vehicles of private equity funds and qualified single family offices. (Reuters)