Hong Kong 5-year plan should have Northern Metropolis tax breaks, listing reforms: HKICPA

The Hong Kong Institute of Certified Public Accountants (HKICPA) has recommended that the government implement tax incentives for the Northern Metropolis and reform the stock exchange's listing regime. In its submission for Hong Kong's first five-year plan, the HKICPA proposed tax breaks for investors funding start-ups in the Northern Metropolis. According to HKICPA President Stephen Law Cheuk-kin, these incentives would allow investors to offset their profits with losses from these long-term investments, which often take time to become profitable. The organization believes these measures will help develop the Northern Metropolis and strengthen Hong Kong's position in international finance.