Hong Kong’s Budget leaves out trust reforms

25 February 2016 | 2 minutes read

Hong Kong financial secretary John Tsang failed to expand on policies to develop the reputation of Hong Kong’s trust industry, a tax advisory firm for high net worth individuals has noted, even as he outlined measures to maintain the city’s competitiveness as a financial hub. “While we can expect assets under management to continue growing, unfortunately Mr Tsang did not include policies which…

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