Hong Kong plans to exempt private equity funds, hedge funds, and super-rich individuals from the profit tax on investments in cryptos. According to a 20-page proposal, the Hong Kong government stated that taxation is one of the key considerations for asset management companies when deciding where to establish their business. The Hong Kong government aims to expand the range of tax-exempt investments, including private crediting, overseas real estate, etc., and will conduct a six-week consultation on these plans. (United Kingdom Financial Times)