No further details of time frame were provided by the Ministry of Finance release on Monday, which was dated last Thursday, but it is seen as part of a plan to improve Shenzhen’s fiscal system and debt management. Photo: Winson Wong
No further details of time frame were provided by the Ministry of Finance release on Monday, which was dated last Thursday, but it is seen as part of a plan to improve Shenzhen’s fiscal system and debt management. Photo: Winson Wong
Shenzhen

Shenzhen backed to ‘pioneer’ China’s national tax reform, sets off property alarm bells in Hong Kong

  • Ministry of Finance supports Shenzhen to undertake ‘major national tax reform and research’ as part of a plan to improve its fiscal system and debt management
  • The development fuelled market speculation in neighbouring Hong Kong, with around 25,000 workers from the city living in Shenzhen

No further details of time frame were provided by the Ministry of Finance release on Monday, which was dated last Thursday, but it is seen as part of a plan to improve Shenzhen’s fiscal system and debt management. Photo: Winson Wong
No further details of time frame were provided by the Ministry of Finance release on Monday, which was dated last Thursday, but it is seen as part of a plan to improve Shenzhen’s fiscal system and debt management. Photo: Winson Wong
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