H.K. Financial Secretary Chan on SPAC Listings, Trading Stamp Duty

The transcript discusses the impact of a stamp duty increase on the Hong Kong market, noting significant turnover and the potential for future hikes. It addresses investor reactions and clarifies that no further increases are planned. The conversation shifts to the rise of SPACs and Hong Kong's potential as a listing center, with a focus on maintaining investor protection. Finally, the discussion covers tax policies, including dividend tax considerations, and their implications for the economy.

What was the average daily turnover in Hong Kong last year?

• 130 billion Hong Kong dollars

• 20 billion Hong Kong dollars

• 150 billion Hong Kong dollars

• 100 billion Hong Kong dollars

How did the Hang Seng index react to the discussion of potential future stamp duty hikes?

• It rose significantly

• It remained stable

• It fell

• It showed no reaction

What is a SPAC?

• A type of mutual fund

• A government bond

• A type of cryptocurrency

• A special purpose acquisition company

Why is there a differential between the standard rate for individual salaries and profits tax in Hong Kong?

• To encourage foreign investment

• To account for the effect of the dividend tax

• To simplify the tax system

• To increase government revenue

What is one reason against implementing a dividend tax in Hong Kong?

• It would discourage foreign investment

• It would complicate the tax system

• It would affect retirees relying on dividend income

• It would increase the budget deficit