Hong Kong plans to exempt private equity funds, hedge funds, and super-rich investment vehicles from taxes on cryptocurrency, private credit investments, and other asset earnings. This week, the Hong Kong government stated in a yet-to-be-released 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 emission allowances. The government is conducting a six-week consultation on the plan.