On 24 February 2016, Hong Kong's Financial Secretary John C Tsang delivered the 2016-2017 Budget. The main features of the budget include: A 75% reduction in final profits tax for 2015-16, with a benefit cap of HKD 20,000; Measures to support SMEs, including: Extending the SME Financing Guarantee Scheme to 28 February 2017; Reducing the annual guarantee fee rate by 10%; and Removing the minimum guarantee fee; A waiver of the business registration fees for 2016-17; A three-year Pilot Technology Voucher Program for SMEs under the Innovation and Technology Fund providing a matching subsidy of up to HKD 200,000 for...