Chief executive says Hong Kong diversifying to become more conducive to Islamic finance

Efforts are being made to diversify Hong Kong’s markets to become more conducive to Islamic finance, Chief Executive John Lee said on Wednesday as he met the Indonesian business community in Jakarta.

"We strive to enhance our financial market's diversity, including in Islamic finance. Over the past decade, we have created a conducive platform for sukuk issuance, including amending our laws to provide a tax structure for sukuk that is comparable with that for conventional bonds," he said.

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