Hong Kong’s Financial Services and the Treasury Bureau published an update on Secretary for Financial Services and the Treasury Christopher Hui’s Poland visit, focused on deepening financial-market ties and advancing tax cooperation. The engagements included a request to Poland’s Ministry of Finance to remove Hong Kong from Poland’s “list of jurisdictions with harmful tax practice”, alongside a proposal to begin negotiations on a Comprehensive Avoidance of Double Taxation Agreement (CDTA). During meetings with the Warsaw Stock Exchange, Hui highlighted Hong Kong’s stock market activity, citing an average daily turnover of EUR 27 billion for the first eight months of 2025, and referenced newly announced initiatives to optimise the Main Board listing regime and the regime for issuing structured products, and to encourage more overseas companies to pursue secondary listings in Hong Kong. Discussions with Polish officials also covered potential cooperation areas such as real-world asset tokenisation, Hong Kong’s wealth management and equity-market positioning, and plans to build an international gold trading market including a government-led central clearing system for gold. On the tax delisting request, Hui pointed to Hong Kong’s support for international tax transparency efforts, the Organisation for Economic Co-operation and Development not identifying any harmful tax regimes in Hong Kong, Hong Kong’s “largely compliant” Global Forum rating on exchange of information on request, and its absence from the European Union watchlist on tax co-operation. Poland’s Ministry of Finance indicated it will positively consider removing Hong Kong from the list, and both sides viewed a CDTA as potentially conducive to bilateral trade, with negotiations proposed to start as soon as practicable.

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