HKREITA Hosted a Lunch with Mr Christopher Hui, Secretary for Financial Services and the Treasury

Hong Kong REITS Association (HKREITA) organised a lunch with Mr Christopher Hui, Secretary for Financial Services and the Treasury on 3 October 2024. There were fruitful discussions among HKREITA members and partners on how to foster market growth and move the industry forward.

In his welcoming remarks, Mr George Hongchoy, Chairman of HKREITA, reiterated the HKREITA’s effort in organising events for the industry and lobbying on behalf of the REIT sector in Hong Kong. HKREITA believes that the time is ripe for the Government to adopt a more dynamic stance to unlock the vast potential of the H-REIT market and hopes that the Government can consider HKREITA’s latest recommendations such as further relaxation of the Hong Kong REIT Code, stamp duty exemption for the transfer of properties into H-REITs, increase tax transparency, diversification of the legal structure of H-REITs and inclusion of REITs in the HKD-RMB Dual Counter Model.

In his speech, Mr Christopher Hui said the Government understands that the industry would like to see several enhancements to further develop the market and shared his thoughts. He reassured that fostering market growth is important and will continue to explore ways to create a more favourable environment for the development of H-REITs.

High resolution pictures can be downloaded here.