The Secretary for Financial Services and the Treasury, Mr Christopher Hui, today (June 9) 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.

     The full text of the Action Plan is set out in the Annex.

     In his remarks at the Forum, Mr Hui noted that Hong Kong has risen to become the world's largest cross-boundary wealth management centre, and has been the world's largest offshore Renminbi business hub. Backed by a mature and robust financial market system that is well-aligned with international standards, Hong Kong has long been providing comprehensive financial and professional services to both Mainland and overseas enterprises.

     He said, "Amid the prevailing uncertainties in the global landscape, Hong Kong offers multinational corporations a business platform that is as steady as a rock - safe, stable and highly predictable. I urge enterprises to capitalise on these opportunities ahead and utilise Hong Kong's unique edge in 'bringing in and going global' to consolidate the management of their capital and business operations in Hong Kong.

     "Against the backdrop of our nation's drive to become a financial powerhouse, our move to boost the development of CTCs in Hong Kong is a vital part of our efforts in supporting the implementation of the 15th Five-Year Plan and active participation in the nation's expansion of high-standard opening up." 

     He added that the Action Plan charts a clear trajectory for the development of CTC business in Hong Kong. The FSTB will collaborate closely with relevant government departments and the industry to drive a swift implementation of the Action Plan. This will help enterprises tap into Hong Kong's unique financial strengths, positioning the city as a "strategic home port" for Chinese Mainland enterprises venturing overseas and as an ideal gateway for overseas enterprises entering the Chinese Mainland and the wider Asian markets, while further advancing the development of Hong Kong's asset management industry.

     The Corporate Treasury Centre Forum was jointly organised by the FSTB, the IRD, the HKMA and InvestHK, co-organised by the Hong Kong Chinese Enterprises Association Treasury Centre Committee, and supported by the International Chamber of Commerce - Hong Kong. The Forum attracted about 150 representatives from enterprises, chambers of commerce and government agencies around the world to explore together the development trends of CTCs and share success stories of multinational corporations establishing CTCs in Hong Kong.

Ends/Tuesday, June 9, 2026
Issued at HKT 17:22

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