On 27 February 2019, Hong Kong Financial Secretary Paul MP Chan delivered the 2019-20 Budget. Some of the main measures of the budget include:
The budget speech also mentions that a dedicated task force will be established by the Hong Kong Maritime and Port Board to study tax and other measures to attract ship finance companies and develop Hong Kong as a ship leasing center in the Asia-Pacific region. Further, the government will study the introduction of a more competitive tax arrangement to attract private equity funds to set up and operate in Hong Kong. Lastly, the budget speech notes that Hong Kong is looking to expand its tax treaty network, which is to be expanded to 50 treaties in the next few years.
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