Hong Kong unveils AI policy for finance, floats tax breaks for crypto

Quick Summary:

The city is keen to burnish its credentials as Asia’s go-to center for financial services.

On Oct 28, government officials touted a common framework through which different regulatory agencies can craft policy governing the use of AI, considered key to the future of finance and other sectors.

Under that wider agenda, Mr Hui said the government is proposing the extension of existing tax breaks for family offices and private funds to include investment in virtual assets.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong Kong

Topics: City’s Assets Hong City Promote Services Government Kong Financial First Access

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 15:20:23 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 588 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 21 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 23280989

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