There is no capital gains tax in Hong Kong. The following from the Inland Revenue Department in HK.....
"Tax Treatment of Gain on Disposal of Equity Interests
Hong Kong has a simple and competitive tax system which does not tax capital gains. Therefore, gains or profits, arising in or derived from Hong Kong, on disposal of equity interests (Onshore Disposal Gains) that are of capital nature are not subject to profits tax in Hong Kong. Under the existing tax rule, the nature of Onshore Disposal Gains is essentially determined based on a “badges of trade” analysis, where considerations are given to the relevant facts and circumstances of the case, such as the frequency of similar trades, the holding period, the holding percentage, reasons for purchase or sale of the equity interests, etc. If the Onshore Disposal Gains are determined to be capital in nature after the “badges of trade” analysis, they are not subject to profits tax. If they are determined to be revenue in nature, they are subject to profits tax. Similarly, onshore losses on disposal of equity interests of capital nature are not tax deductible but onshore disposal losses of revenue nature are deductible."
From the proposal in the "news" it looks to be applicable to companies involved in crypto but not sure what this means exactly. HK struggling to recover relevance is the main thing to remember.
Don't Trust, Verify
PS....."Big china money"......🤣
