Hong Kong tax representatives are to hold direct negotiations with Beijing about the future direction of tax policy in the territory, in a bid to ensure there will be no changes beyond the handover. Hong Kong Tax Institute's new president, Marcellus Wong , said practitioners and corporate clients were keen to receive assurances that the tax system would not change. Mr Wong said the institute will hold talks with a delegation of senior Chinese tax officials arriving in the territory next month. The institute will also send a group to Beijing soon, which is set to meet the man responsible for day-to-day policy formulation on the mainland - Xiang Huaicheng, the deputy commissioner of the Chinese State Administration of Taxation. These meetings will be part of what Mr Wong sees as a mission to find out more information on China's intentions before the handover. 'There's not a lot of information about how the Chinese tax bureau will help to maintain Hong Kong as a separate tax system,' he said. 'Will they have any power, control or influence over data and policies?' A number of concerns have been expressed in the corporate sector and in the professional community, including: The continuing entitlement of Hong Kong companies to tax concessions now available in China for entities regarded as 'foreign'; Whether there will be pressure on Hong Kong's tax authorities to release confidential information to China, and; Whether Chinese authorities will ensure double taxation is not paid by companies operating in both jurisdictions. Mr Wong said the tax institute had established a dialogue with Mr Xiang, who welcomed opinions from Hong Kong on the interface between the two systems beyond the handover. Until recently, China has taken a benign view - tax-wise - of Hong Kong companies operating within its borders. Tax authorities there have recently taken a tough line against cross-border transactions. Mr Wong said the handover was likely to be a dominant issue during his term at the tax institute.