[Paul Chan Announces Tax Concessions for Digital Assets] Hong Kong Financial Secretary Paul Chan stated in his Budget speech that starting from the 2025/2026 tax year, digital assets, precious metals, and other qualifying investments will be included in the tax concession scheme to attract family offices and funds to establish a presence in Hong Kong. Additionally, over the next two years, the OECD Crypto-Asset Reporting Framework and the newly revised Common Reporting Standard will be implemented, with a draft amendment to the Inland Revenue Ordinance expected to be submitted in the first half of the year. Paul Chan also mentioned that Hong Kong will regularly issue tokenized bonds, and a digital asset platform for swift settlement will be established within the year to support the issuance and settlement of digital bonds, gradually expanding to other digital assets and connecting with regional tokenization platforms.