Hong Kong legislator Wu Jietzhuang: Opposes the proposal to impose stamp duty on virtual assets and other tax increases

ChainCatcher news, National Committee member of the Chinese People's Political Consultative Conference and Hong Kong Legislative Council member Wu Jiezhuang posted on the X platform, stating that he met this morning with Hong Kong Financial Secretary Paul Chan and Deputy Secretary Wong Wai Lun, expressing the hope that the main principles of the budget proposal are zero tax increases, fewer fees, and increased momentum. He opposes various tax increase suggestions proposed in the community, including the imposition of capital gains tax, departure tax, and stamp duty on virtual assets; he believes that to enhance the development momentum of various industries, it is necessary to break down barriers and vigorously develop the Web3 industry, among others.