Hong Kong's government announced an Action Plan on 9 June 2026 to promote corporate treasury centres, using a "4T" framework covering tax reform, double taxation agreements, targeted promotion, and talent development.
Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, on 9 June 2026 unveiled the Action Plan to Promote the Development of Corporate Treasury Centres in Hong Kong (Action Plan) at the Corporate Treasury Centre Forum.
The Action Plan sets out targeted strategies to strengthen Hong Kong as a premier hub for multinational corporate treasury centres (CTCs), elevating Hong Kong as a major base for CTCs and reinforcing its role as a platform for “bringing in and going global”.
Jointly formulated by the Financial Services and the Treasury Bureau (FSTB), the Inland Revenue Department (IRD), the Hong Kong Monetary Authority (HKMA) and Invest Hong Kong (InvestHK), the Action Plan has two major objectives, namely to attract more multinational corporations to establish CTCs in Hong Kong, and to enable existing CTCs operating in Hong Kong to scale up their operations and fully leverage the city’s comprehensive financial ecosystem.
The Action Plan adopts a “4T” framework to encourage multinational corporations from around the world to centralise their fund management, asset allocation and risk management in Hong Kong. Key highlights include:
- Tax revamp: The Government will revamp the existing tax concession regime applicable to corporate treasury activities and introduce a more competitive tiered system. Measures include refining the existing concession regime and introducing a pre-approval mechanism. Approved CTCs and their associated companies will enjoy more favourable tax benefits, greater tax certainty and enhanced compliance flexibility. The Government will conduct a public consultation within this year, with a target of submitting legislative amendment proposals to the Legislative Council in the first half of next year.
- Tax agreements: The Government has signed Comprehensive Avoidance of Double Taxation Agreements with 57 economies to date, and will continue to expand the network, with a particular focus on engaging economies along the Belt and Road. This will provide Hong Kong-based enterprises with greater tax certainty and avoidance of double taxation when expanding their businesses overseas.
- Targeted promotion: The Government will take a proactive approach in conducting targeted market promotion, with strategic focus on enterprises from the Chinese Mainland and Asia, particularly those in new economy sectors.
- Talent and dialogue: The Government will work with the industry to strengthen the training of professional talent, as well as build a high-quality talent pool for the long-term development of the sector through continuous market education and professional development. At the same time, the Government will engage with the industry more closely to keep a full grasp of the market pulse and provide more comprehensive support to the industry.
