HONG KONG, June 10, 2026 — The Hong Kong Institute of Certified Public Accountants (HKICPA) has voiced strong support for the government’s new “Action Plan to Promote the Development of Corporate Treasury Centres” in the city. The plan seeks to enhance Hong Kong’s tax competitiveness and strengthen its role as a regional hub for multinational corporate treasury operations.
The Action Plan introduces a tiered tax concession regime, pre-approval mechanisms, and expanded double taxation agreements, aligning with the government’s commitment to bolster the “Regional Headquarters economy.” HKICPA President Stephen Law said the measures will provide multinational corporations, including Chinese Mainland firms, with crucial tax certainty and administrative flexibility as they expand into global markets.
HKICPA pledged to collaborate with the government and industry to advance professional training and technical support for corporate treasury management. The institute will also contribute to the upcoming public consultation on the proposed tax revamp, aiming to help Hong Kong maintain its leadership as an international financial center.
