'30 Chinese corporates' look to set up HK treasury centres
Tax breaks are set to lure more Chinese corporations to the city, the HKMA says, after three major SOEs make the leap
More than 30 mainland Chinese companies are expected to follow a recent vanguard of three state-owned enterprises in setting up corporate treasury centres (CTCs) in Hong Kong as tax incentives lure some of China’s heavyweight SOEs to Hong Kong.
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