Policy Address

47.         Driven by the Belt and Road Initiative, Mainland enterprises will expand their overseas business, and there will be a greater demand for business services to lower corporate financial costs and enhance treasury risk management.  Hong Kong is an ideal location to set up corporate treasury centres.  To further attract multinational and Mainland enterprises to establish corporate treasury centres in Hong Kong, the Government proposes, under specified conditions, interest deductions under profits tax for corporate treasury centres, and profits tax reduction by half for specified treasury activities.  For this purpose, a bill was tabled in this Council last month.

48.         We also strive to set up a platform conducive to the development of Islamic finance.  Our efforts include enhancing the related market infrastructure, providing manpower training, and promoting the development of Islamic financial products and co-operation with other Islamic financial markets. 

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