Offshore Trust Tax Declaration Transition Period Ends October 22, Late Fees Will Be Charged for Overdue Declarations
The transition period for offshore trust tax filing ends on October 22. Late fees will be imposed for overdue filings.
Read originalWealth Updates · Monthly Report
WeChat claim entry is being prepared · QR code coming soon
Once the official WeChat account is ready, it will be announced here, and you can view the claim method.
View WeChat entry instructionsWealth Updates
Leave your email to request occasional delivery of our report on Hong Kong wealth management.
Leave your emailThe transition period for offshore trust tax filing ends on October 22. Late fees will be imposed for overdue filings.
Read originalThe Ministry of Finance will issue RMB sovereign bonds through the Central Moneymarkets Unit under the Hong Kong Monetary Authority. The tender announcement, tender information memorandum, and relevant tender documents for this issuance have been attached to the press release for market participants' reference.
Read originalThe transition period for offshore trust tax declarations will end on October 22, and late fees will be charged to entities that fail to complete declarations by the deadline.
Read originalThe State Taxation Administration has issued a reminder regarding offshore trust tax filing. This reminder was published by Beijing News, and further specific filing requirements, scope of application, and other details have not been disclosed at this time.
Read originalThe Financial Services and the Treasury Bureau and the Insurance Authority of Hong Kong have publicly welcomed PICC P&C's issuance of the first sidecar insurance-linked securities in Hong Kong. This project is an innovative implementation case in Hong Kong's insurance-linked securities market, and details such as the specific issuance scale, pricing, and risk coverage scope have not been disclosed yet.
Read originalThe Chief Executive in Council made six orders on October 6, 2026, under the Inland Revenue Ordinance (Cap. 112) to implement comprehensive avoidance of double taxation agreements signed with Barbados, Jordan, the Kyrgyz Republic, the Maldives, Norway, and Rwanda. The orders were published in the Gazette on October 16, 2026, and tabled before the Legislative Council on October 21 under the negative vetting procedure.
Read originalHKEX announced that its Core Climate platform has completed two cross-border pilots for green electricity certificates and Shenzhen emissions rights. 15 enterprises participated in the green electricity certificate pilot, with a total trading volume of approximately 100,000 certificates. HKEX also signed a cooperation agreement with the Guangzhou Power Exchange Center to establish a cross-border green electricity certificate trading channel, promoting connectivity of green markets in the Greater Bay Area.
Read originalHong Kong's Financial Services and the Treasury Bureau publicly welcomed PICC P&C's issuance of the first 'sidecar' insurance-linked security in Hong Kong. This event, reported by the Hong Kong Commercial Daily, is a landmark development in Hong Kong's insurance-linked securities market.
Read originalThe Chongqing-Hong Kong Cross-Border Data Verification Platform, facilitated by the HKMA, was officially launched. The platform leverages blockchain technology and hash values to verify customer data without the need for cross-border transmission or storage of original documents. Initially, the platform primarily supports cross-border financial scenarios, with banks in Chongqing and Hong Kong advancing applications related to northbound and southbound data flow verification, covering services such as account opening and loan applications.
Read originalThe Hong Kong Monetary Authority (HKMA), on behalf of the Government of the Hong Kong Special Administrative Region (HKSAR), announced that it will hold a reopened tender for 3-year HKD institutional government bonds on October 21, 2026. This tender is part of the reopened issuance of the 5-year government bond (No. 05GB2912001) under the Government Bond Programme, with an issuance size of HKD 750 million and settlement completed on October 22, 2026. This tender is only open to primary dealers appointed under the Government Bond Programme, with a minimum bid amount of HKD 50,000 and multiples thereof. Successful bidders are required to pay accrued interest of HKD 615.03 per HKD 50,000 face value on the issuance date.
Read originalThe Hong Kong Academy of Finance announced that applications for the 2027 Financial Leaders Programme open on October 15, with a deadline of December 4. Launched in 2022, the programme has nurtured over 100 future financial leaders in Hong Kong. It is designed for high-potential senior financial executives approximately 1 to 2 levels below the CEO position, and is conducted on a part-time basis.
Read originalInvestHK announced on October 5, 2026 that Kyrgyzstan commercial bank Bakai Bank has been granted a Hong Kong banking licence by the Hong Kong Monetary Authority, becoming the first Central Asian bank to enter the Asia-Pacific region. The bank will establish a restricted-licence bank in Hong Kong under the name Bakai Bank Open Joint-Stock Company (Hong Kong Branch), serving the trade, investment and capital needs of the Central Asia–Asia-Pacific economic corridor. InvestHK will continue to assist the bank in exploring sustainable development financing and RMB-denominated financing business.
Read original