Hong Kong will expand tax concessions for family offices and funds to include digital assets, precious metals, and commodities under its 2026-27 Budget, as the city intensifies efforts to attract wealthy investors amid growing regional competition.

Financial Secretary Paul Chan announced the changes on Wednesday as part of Hong Kong’s broader push to position itself as a global hub for digital finance.

The government plans to amend tax laws in the first half of 2026 to explicitly classify digital assets as “qualifying investments” eligible for tax breaks under the city’s family office regime. Previously, the tax treatment of crypto holdings for family offices remained ambiguous.

The reforms will also expand the definition of “fund”…