Hong Kong Considers Widening Tax Reforms to Proprietary Trading Firms Hong Kong's latest move to woo high end financial talent and boost its standing as a global financial centre has all the hallmarks of a classic case of trying to buy one's way back into relevance.
The city state is considering extending tax reforms, initially aimed at investment firms, to proprietary trading companies like Jane Street and Citadel Securities.
The proposal would expand the definition of carried interest, allowing gains from a broader range of investments to be treated as tax exempt.