<div id="readability-page-1"><div><p>The Hong Kong government is considering exempting fund managers' performance bonuses from tax in order to attract investment talent, Reuters, citing market participants and sources familiar with the plan, reported.</p><p>Currently, Hong Kong levies tax of up to 17% on performance-based bonuses linked to investment returns.</p><p>The reform would make Hong Kong the first major financial center in Asia to introduce tax concessions for carried interest, namely profit-sharing linked to investment performance. </p><p>The move is expected to attract top wealth managers and star investors to establish a presence in the city.</p><p>A spokesperson for the Financial Services and Treasury Bureau told Reuters the tax plan aims to reinforce Hong Kong's competitiveness as the premier asset and wealth management center in the region.</p></div></div>

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<p>The Hong Kong government is considering a tax exemption on fund managers' performance bonuses to attract investment talent. Currently, a tax of up to 17% is levied on these bonuses. This reform would position Hong Kong as the first major Asian financial center to offer such tax concessions, aiming to enhance its competitiveness in asset and wealth management.</p>

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HK Govt Mulls Tax Exemption on Fund Managers' Performance Bonuses to Woo Investment Talent: Wire