FacebookTwitterEmailLinkedin Hong Kong is introducing a new package of tax and maritime incentives aimed at strengthening its position as a regional trading hub and supporting the transition to greener shipping, amid ongoing global supply chain pressures. Under planned reforms, the government will establish a concessionary tax regime for qualifying physical commodity traders, reducing the profit tax rate to 8.25% from the standard 16.5% on eligible trading activities. As reported, the measure, which targets sectors including mining commodities, is designed to attract global trading firms to base or expand operations in the city. RelatedNews Seven nations launch Pacific Blue Shipping Partnership for a low-carbon future Barcelona and Shanghai deepen port cooperation on digitalization and decarbonization var jnews_module_21375498_0_6a2beacd1607b = {"header_icon":"","first_title":"Related","second_title":"News","url":"","header_type":"heading_8","header_background":"","header_secondary_background":"","header_text_color":"","header_line_color":"","header_accent_color":"","header_filter_category":"","header_filter_author":"","header_filter_tag":"","header_filter_cpt_post_tag":"","header_filter_cpt_tribe_events_cat":"","header_filter_cpt_web_story_category":"","header_filter_cpt_web_story_tag":"","header_filter_text":"All","sticky_post":false,"sticky_post_filter":false,"post_type":"post","content_type":"all","sponsor":false,"number_post":"2","post_offset":0,"unique_content":"unique1","include_post":"","included_only":false,"exclude_post":"21375498","include_category":"","exclude_category":"","include_author":"","include_tag":"1732,2596,196,2339","exclude_tag":"","exclude_visited_post":false,"post_tag":"","tribe_events_cat":"","web_story_category":"","web_story_tag":"","sort_by":"latest","show_date":"","date_format":"default","date_format_custom":"Y\/m\/d","pagination_mode":"disable","pagination_nextprev_showtext":"","pagination_number_post":"2","pagination_scroll_limit":0,