Financial Services Development Council adviser Bill Strong says Hong Kong must change the rules to attract overseas reits. Photo: Nora Tam
Financial Services Development Council adviser Bill Strong says Hong Kong must change the rules to attract overseas reits. Photo: Nora Tam

Boost reits creation in Hong Kong, adviser urges

Veteran banker says strict regulations and a profits tax on rental income are why the city lags global markets for listings of the trusts

Financial Services Development Council adviser Bill Strong says Hong Kong must change the rules to attract overseas reits. Photo: Nora Tam
Financial Services Development Council adviser Bill Strong says Hong Kong must change the rules to attract overseas reits. Photo: Nora Tam
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