Hong Kong unveils tax breaks to lure finance, tech firms

Hong Kong Chief Executive John Lee announced new tax incentives in his policy address to attract finance and technology firms, including concessions for IP businesses and a sped-up halving of the profits tax rate for gold traders. The move aims to reinforce Hong Kong's status as a leading financial hub amid regional competition. The measures signal a policy push to boost investment and economic diversification, though details on implementation and fiscal impact remain pending.