Hong Kong gives fintech measures the thumbs up
Hong Kong’s budget proposals for the city’s compulsory pension system, including HK$15 billion (US$1.92 billion) for its so-called offsetting mechanism and potential tax breaks for voluntary contributions, have been welcomed by pension experts.
Market players are also giving the thumbs up to measures to boost financial technology (fintech) and green financing, as the city aims to launch its first green bonds by next year.
Hong Kong Financial Secretary Paul Chain unveiled the 2018 budget proposals on February 28.
Read More: Asia Asset
