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Linklaters Insights: Proposed amendments to the inland revenue and stamp duty ordinances to facilitate development of an Islamic finance market in Hong Kong

5 March 2013

The Hong Kong Government has taken a major step towards developing Islamic finance in Hong Kong.

This goal was first established by the then Chief Executive Donald Tsang in his 2007-2008 Policy Address and repeated in Policy Addresses and the Financial Secretary's Budgets in subsequent years. The Government believes that the development of Islamic finance in Hong Kong will help diversify Hong Kong's financial platform and enhance its competitiveness as an international financial centre.

The full article is available on the Linklaters website.