Hong Kong Unveils Finance Plan in 2026-2027 Budget

Hong Kong's 2026-2027 budget focuses on enhancing the financial sector with initiatives aimed at improving capital markets, asset management, and digital assets. Key plans include reducing transaction costs for the offshore renminbi market, attracting yuan-denominated bond issuance, and forming an offshore RMB yield curve. The budget also aims to expand mutual market access with mainland China, enhance the family office tax regime, establish a digital bond platform, and develop gold trading. Financial Secretary Paul Chan emphasized strengthening Hong Kong's role as an international financial center and supporting China's financial development goals.