Offshore wealth management

Hong Kong proposes a tax break for top global fund managers, exempting performance-linked bonuses from salaries tax if criteria are met. The measure aims to position Hong Kong as the first major Asian financial center to offer such relief, enhancing its role in offshore wealth management.

Hong Kong has surpassed Switzerland as a leading global hub for offshore wealth, driven by a surge in investments from mainland China as wealthy individuals diversify their assets across multiple jurisdictions.