EconomyHong Kong lawmakers say five-year tax incentive is too short to attract major innovative firms

Hong Kong lawmakers support the government’s proposed tax incentives for large innovative companies, but many say the planned five-year concession is too short to persuade major firms to establish headquarters or expand in the city. Chief Executive John Lee Ka-chiu said the government plans to introduce preferential profits tax rates of 5 per cent or 8.25 per cent.

Hong Kongtax incentivesinnovative companies

SSouth China Morning Post★★☆☆☆2026-10-05 08:00Original