PwC: Welcome to the Hong Kong government's announcement of the "Hong Kong Enterprise Financial Center Development Action Plan", which will help consolidate Hong Kong's advantages as a hub.

Hong Kong Financial and Treasury Bureau Director Christopher Hui announced the "Hong Kong Corporate Treasury Centre Development Action Plan" at the Corporate Treasury Centre Forum on Tuesday, June 9. PricewaterhouseCoopers welcomed this initiative and believes that these strategic measures can effectively assist enterprises in managing the risks of overseas funds and investments, enhance Hong Kong's position as the preferred corporate treasury hub for mainland enterprises going global, as well as its advantages as an international financial center and "super connector". PricewaterhouseCoopers Asia-Pacific Financial Services Tax Leader Ron Hui said that the "Hong Kong Corporate Treasury Centre Development Action Plan" aims to strengthen Hong Kong's position as a major hub for multinational corporate treasury centers from four aspects. This includes introducing tax optimization measures to provide enterprises with a more comprehensive financial platform, further expanding a comprehensive network of double taxation avoidance agreements to reduce double taxation, and enhancing talent training and market promotion to further consolidate Hong Kong's position as an international corporate treasury center. He mentioned that PricewaterhouseCoopers has received many inquiries from mainland and international enterprises in the past few years on how to leverage Hong Kong's advantages in taxation and other financial markets (such as a mature capital market and a diverse range of RMB products and services) to manage cross-border financial asset allocation and flow through Hong Kong's financial platform, and successfully assisted some clients in setting up regional treasury centers in Hong Kong. The firm will continue to actively promote Hong Kong's unique advantages, support the creation of a more attractive business environment for enterprises in Hong Kong, and attract global financial talent to develop in Hong Kong. The firm stated that it will continue to actively promote Hong Kong's unique advantages, support the creation of a more attractive business environment for enterprises in Hong Kong, and attract global financial talent to develop in Hong Kong.