FRC welcomes the Government’s 2022-23 Budget

23 Feb, 2022

The Financial Reporting Council (the FRC) welcomes the 2022-23 Budget announced by the Financial Secretary, Mr Paul Chan, which focuses on maintaining people’s confidence and stabilising the economy in the midst of fighting the epidemic.

Dr Kelvin Wong, Chairman of the FRC remarked, “We are supportive of the Government’s initiatives in enhancing the securities market, promoting green and sustainable finance and in deepening and widening the mutual access between the financial markets in the Mainland and Hong Kong. The proposed tax reduction for domestic rental expenses starting from the assessment year of 2022-23, rates concession and progressive rating system for domestic properties based on “affordable users pay” principle would also benefit the working population and household in general.”

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