Odaily Planet Daily reports that according to the official website of the Financial Services and the Treasury Bureau of the Hong Kong Legislative Council, the bureau will hold a policy briefing. Secretary for Financial Services and the Treasury Xu Zhengyu, Deputy Secretary Chen Haolian, and others will attend the briefing. The relevant documents state: To promote the sustainable and healthy development of the digital asset industry in Hong Kong and further consolidate Hong Kong’s position as an international financial center, legislative proposals will be submitted to the Legislative Council this year to implement amendments related to the crypto asset reporting framework and common reporting standards developed by the Organisation for Economic Co-operation and Development. The goal is to automatically exchange tax information related to crypto asset transactions with other tax jurisdictions starting from 2028, to combat cross-border tax evasion and enhance international tax transparency. Public opinions are currently being collected on the legislative proposals.
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