A cut in levies may not be the unequivocal boon for the city’s financial sector
Published Tue, Aug 11, 2026 · 06:00 PM
[HONG KONG] The competitiveness of Hong Kong as a financial centre is about to be tested.
The low-tax haven has two opposing forces that promise to transform its US$5.4 trillion asset-management industry, which overtook Switzerland as the world’s largest cross-border wealth hub in 2025.
The city is widely expected to approve a landmark tax reform designed to attract overseas asset managers.
